Jennie Perry - 15 Nov 2022 Form 4 Insider Report for Grove Collaborative Holdings, Inc. (GROV)

Role: Chief Marketing Officer
Signature: /s/ Barbara Wallace, Attorney-in-Fact for Jennie Perry
Issuer symbol: GROV
Transactions as of: 15 Nov 2022
Net transactions value: -$93,024
Form type: 4
Filing time: 17 Nov 2022, 19:47:59 UTC
Previous filing: 31 Oct 2022
Next filing: 12 Dec 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	GROV	Class A Common Stock	Options Exercise		+318,348			318,348	15 Nov 2022	Direct	F1
transaction	GROV	Class A Common Stock	Tax liability	$93,024	-77,520	-24%	$1.20	240,828	15 Nov 2022	Direct

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	-176,407	-75%	$0.000000	58,801	15 Nov 2022	Class A Common Stock	176,407		Direct	F1, F2
transaction	GROV	Restricted Stock Units	Options Exercise	$0	-141,941	-25%	$0.000000	425,804	15 Nov 2022	Class A Common Stock	141,941		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 235,208 RSUs vest approximately in four quarterly installments starting on May 15, 2022, with accelerated vesting following a change in control if the Reporting Person's services are terminated by the Issuer without cause or she resigns for good reason. 176,407 of these RSUs settled on November 15, 2022. The RSUs have no expiration date.
F3	These RSUs vest approximately as follows: (i) with respect to 212,912 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 354,833 RSUs, 35,487 vested and settled on November 15, 2022, and the rest will vest in equal installments on each February 15, May 15, August 15 and November 15 until becoming fully vested on February 15, 2025, subject to the Reporting Person's continued service with the Issuer through each applicable vesting date. The RSUs have no expiration date.