Stuart Landesberg - Nov 9, 2022 Form 4 Insider Report for Grove Collaborative Holdings, Inc. (GROV)

Role
President & CEO, Director, 10%+ Owner
Signature
/s/ Barbara Wallace, Attorney-in-Fact for Stuart Landesberg
Stock symbol
GROV
Transactions as of
Nov 9, 2022
Transactions value $
-$14,665
Form type
4
Date filed
11/16/2022, 07:32 PM
Previous filing
Oct 31, 2022
Next filing
Nov 17, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GROV Class A Common Stock Options Exercise +271K +10425.31% 274K Nov 9, 2022 Direct F1
transaction GROV Class A Common Stock Options Exercise +624K +623544% 624K Nov 9, 2022 See footnote F1, F2
transaction GROV Class A Common Stock Sale -$4.33K -3.45K -1.26% $1.26 270K Nov 14, 2022 Direct F3, F4
transaction GROV Class A Common Stock Sale -$4.33K -3.45K -0.55% $1.26 620K Nov 14, 2022 See footnote F2, F3, F4
transaction GROV Class A Common Stock Sale -$3K -2.4K -0.89% $1.25 268K Nov 15, 2022 Direct F3, F5
transaction GROV Class A Common Stock Sale -$3K -2.4K -0.39% $1.25 618K Nov 15, 2022 See footnote F2, F3, F5

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction GROV Class B Common Stock Options Exercise $0 -271K -25.63% $0.00 787K Nov 9, 2022 Class A Common Stock 271K Direct F1, F6
transaction GROV Class B Common Stock Options Exercise $0 -624K -91.39% $0.00 58.8K Nov 9, 2022 Class A Common Stock 624K See footnote F1, F2, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Class B Common Stock is convertible into Class A Common Stock on a one-for-one basis at any time, and will be automatically converted into an equal number of Class A Common Stock upon any transfer.
F2 These securities are directly held by The Landesberg Living Trust, for which the Reporting Person and his spouse serve as co-trustees.
F3 The transactions reported in the Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.25 to $1.27, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (4) and (5) to this Form 4.
F5 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.25 to $1.255, inclusive.
F6 This amount consists entirely of 786,582 Earnout Shares.
F7 This amount consists entirely of 58,778 Earnout Shares.