Turner Brenton R. - Jan 2, 2024 Form 4 Insider Report for ROVER GROUP, INC. (ROVR)

Role
President & COO
Signature
/s/ Melissa Weiland, attorney in fact on behalf of TURNER BRENTON R.
Stock symbol
ROVR
Transactions as of
Jan 2, 2024
Transactions value $
-$841,780
Form type
4
Date filed
1/4/2024, 06:56 PM
Previous filing
Dec 5, 2023
Next filing
Feb 15, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ROVR Class A Common Stock Options Exercise $10.8K +30K +2.86% $0.36* 1.08M Jan 2, 2024 Direct
transaction ROVR Class A Common Stock Sale -$326K -30K -2.79% $10.88 1.05M Jan 2, 2024 Direct F1, F2
transaction ROVR Class A Common Stock Options Exercise $10.8K +30K +2.86% $0.36* 1.08M Jan 3, 2024 Direct
transaction ROVR Class A Common Stock Sale -$326K -30K -2.79% $10.88 1.05M Jan 3, 2024 Direct F1, F3
transaction ROVR Class A Common Stock Options Exercise $7.2K +20K +1.91% $0.36* 1.07M Jan 4, 2024 Direct
transaction ROVR Class A Common Stock Sale -$218K -20K -1.87% $10.88 1.05M Jan 4, 2024 Direct F1, 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 Stock Options (Right to buy) Options Exercise $0 -30K -37.5% $0.00 50K Jan 2, 2024 Class A Common Stock 30K $0.36 Direct F5
transaction ROVR Stock Options (Right to buy) Options Exercise $0 -30K -60% $0.00 20K Jan 3, 2024 Class A Common Stock 30K $0.36 Direct F5
transaction ROVR Stock Options (Right to buy) Options Exercise $0 -20K -100% $0.00* 0 Jan 4, 2024 Class A Common Stock 20K $0.36 Direct 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 The reported sale occurred automatically pursuant to a Rule 10b5-1(c) trading plan adopted by the reporting person on December 15, 2022.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $10.87 to $10.89, 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.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $10.87 to $10.895, 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.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $10.87 to $10.91, 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 shares subject to the option fully vested on December 11, 2018.