Jennie Perry - Nov 15, 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
Stock symbol
GROV
Transactions as of
Nov 15, 2022
Transactions value $
-$93,024
Form type
4
Date filed
11/17/2022, 07:47 PM
Previous filing
Oct 31, 2022
Next filing
Dec 12, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GROV Class A Common Stock Options Exercise +318K 318K Nov 15, 2022 Direct F1
transaction GROV Class A Common Stock Tax liability -$93K -77.5K -24.35% $1.20 241K Nov 15, 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 -176K -75% $0.00 58.8K Nov 15, 2022 Class A Common Stock 176K Direct F1, F2
transaction GROV Restricted Stock Units Options Exercise $0 -142K -25% $0.00 426K Nov 15, 2022 Class A Common Stock 142K 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.