Charles Wickers - 01 Sep 2023 Form 4 Insider Report for ROVER GROUP, INC.

Role
Chief Financial Officer
Signature
/s/ Melissa Weiland, attorney in fact on behalf of Charles Wickers
Issuer symbol
N/A
Transactions as of
01 Sep 2023
Net transactions value
-$193,012
Form type
4
Filing time
06 Sep 2023, 20:04:04 UTC
Previous filing
09 Aug 2023
Next filing
13 Sep 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ROVR Class A Common Stock Options Exercise +64,676 +76% 149,483 01 Sep 2023 Direct F1
transaction ROVR Class A Common Stock Tax liability $173,830 -25,451 -17% $6.83 124,032 01 Sep 2023 Direct F2
transaction ROVR Class A Common Stock Sale $19,182 -2,775 -2.2% $6.91 121,257 05 Sep 2023 Direct F3, F4

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 ROVR Restricted Stock Units Options Exercise $0 -64,676 -7.3% $0.000000 816,787 01 Sep 2023 Class A Common Stock 64,676 Direct F1, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Restricted stock units ("RSUs") convert into Rover Group, Inc. Class A common stock on a one-for-one basis.
F2 This transaction relates to the withholding of RSUs solely to satisfy any income, employment or tax withholding and remittance obligations in connection with the vesting and settlement of RSUs held by the reporting person.
F3 The reported sale occurred automatically pursuant to a Rule 10b5-1(c) trading plan adopted by the reporting person on December 15, 2022.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.89 to $6.94, inclusive. The reporting person undertakes to provide to Rover Group, Inc., any security holder of Rover Group, Inc., 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 this footnote.
F5 The reporting person was granted 30,000 RSUs on November 2, 2021, 137,497 RSUs on March 6, 2022, 314,253 RSUs on September 7, 2022, and 553,047 RSUs on March 13, 2023. On September 1, 2023, 1/16th of each of these RSU grants vested. For each of these RSU grants, 1/16th of the RSUs shall vest on the first of the month every March, June, September and December until fully vested and subject to continued service through each vesting date. Vested RSUs that meet all settlement requirements will be settled as soon as practicable after vesting, but no later than 60 days after vesting.