David A. Glazer - Nov 15, 2022 Form 4 Insider Report for Grove Collaborative Holdings, Inc. (GROV)

Role
Director
Signature
/s/ Barbara Wallace, Attorney-in-Fact for David Glazer
Stock symbol
GROV
Transactions as of
Nov 15, 2022
Transactions value $
$0
Form type
4
Date filed
11/17/2022, 07:47 PM
Previous filing
Nov 16, 2022
Next filing
Nov 23, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GROV Class A Common Stock Options Exercise +49.3K +1642.2% 52.3K Nov 15, 2022 Direct F1

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 Restricted Stock Units Options Exercise $0 -39.2K -25.01% $0.00 118K Nov 15, 2022 Class A Common Stock 39.2K Direct F1, F2
transaction GROV Restricted Stock Units Options Exercise $0 -10.1K -12.5% $0.00 70.4K Nov 15, 2022 Class A Common Stock 10.1K Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit ("RSU") represents a contingent right to receive one share of Class A Common Stock.
F2 These RSUs vest approximately as follows: with respect to 156,805 RSUs, 25% vested and settled on November 15, 2022, and the remaining 75% vest in quarterly installments for the next 36 months. The RSUs have no expiration date.
F3 These RSUs vest approximately as follows: (i) with respect to 20,108 RSUs, 50% vested on October 27, 2022 and settled on November 15, 2022, and the remaining 50% will vest in two equal installments on each of February 15, 2023 and May 15, 2023, subject to the Reporting Person's continued service with the Issuer through each applicable vesting date, and (ii) with respect to 60,305 RSUs, these will vest in equal installments on each February 15, May 15, August 15 and November 15 until becoming fully vested on November 15, 2025, subject to the Reporting Person's continued service with the Issuer through each applicable vesting date. The RSUs have no expiration date.