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

Role: President & CEO, Director
Signature: /s/ Barbara Wallace, Attorney-in-Fact for Stuart Landesberg
Issuer symbol: GROV
Transactions as of: 15 Nov 2022
Net transactions value: -$1,307,038
Form type: 4
Filing time: 17 Nov 2022, 19:48:05 UTC
Previous filing: 16 Nov 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		+2,448,961	+914%		2,716,769	15 Nov 2022	Direct	F1
transaction	GROV	Class A Common Stock	Tax liability	$1,307,038	-1,089,198	-40%	$1.20	1,627,571	15 Nov 2022	Direct
holding	GROV	Class A Common Stock						617,794	15 Nov 2022	See footnote	F2

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	-1,894,169	-53%	$0.000000	1,671,326	15 Nov 2022	Class A Common Stock	1,894,169		Direct	F1, F3
transaction	GROV	Restricted Stock Units	Options Exercise	$0	-554,792	-22%	$0.000000	1,981,388	15 Nov 2022	Class A Common Stock	554,792		Direct	F1, F4

* 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 securities are directly held by The Landesberg Living Trust, dated October 15, 2021, for which the Reporting Person and his spouse serve as co-trustees.
F3	These RSUs vest approximately as follows: (i) with respect to 3,342,651 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 222,844 RSUs, these vested and settled on November 15, 2022. The RSUs have no expiration date.
F4	These RSUs vest approximately as follows: (i) with respect to 1,109,586 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 1,426,594 RSUs, these 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.