Christopher Clark - 15 May 2023 Form 4 Insider Report for Grove Collaborative Holdings, Inc. (GROV)

Role
Chief Digital Officer, Director
Signature
/s/Barbara Wallace, Attorney-in-Fact for Christopher Clark
Issuer symbol
GROV
Transactions as of
15 May 2023
Net transactions value
-$58,192
Form type
4
Filing time
17 May 2023, 18:09:42 UTC
Previous filing
20 Mar 2023
Next filing
18 May 2023
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 +30,626 +5.8% 563,127 15 May 2023 Direct F1
transaction GROV Class A Common Stock Tax liability $6,916 -14,042 -2.5% $0.4925 549,085 15 May 2023 Direct F2
transaction GROV Class A Common Stock Options Exercise +4,501 +0.82% 553,586 15 May 2023 Direct F1
transaction GROV Class A Common Stock Tax liability $1,017 -2,064 -0.37% $0.4925 551,522 15 May 2023 Direct F2
transaction GROV Class A Common Stock Options Exercise +6,902 +1.3% 558,424 15 May 2023 Direct F1
transaction GROV Class A Common Stock Tax liability $1,559 -3,165 -0.57% $0.4925 555,259 15 May 2023 Direct F2
transaction GROV Class A Common Stock Options Exercise +84,222 +15% 639,481 15 May 2023 Direct F1
transaction GROV Class A Common Stock Tax liability $19,018 -38,616 -6% $0.4925 600,865 15 May 2023 Direct F2
transaction GROV Class A Common Stock Options Exercise +10,806 +1.8% 611,671 15 May 2023 Direct F1
transaction GROV Class A Common Stock Tax liability $2,440 -4,955 -0.81% $0.4925 606,716 15 May 2023 Direct F2
transaction GROV Class A Common Stock Options Exercise +9,155 +1.5% 615,871 15 May 2023 Direct F1
transaction GROV Class A Common Stock Tax liability $2,068 -4,198 -0.68% $0.4925 611,673 15 May 2023 Direct F2
transaction GROV Class A Common Stock Options Exercise +60,907 +10% 672,580 15 May 2023 Direct F1
transaction GROV Class A Common Stock Tax liability $13,754 -27,927 -4.2% $0.4925 644,653 15 May 2023 Direct F2
transaction GROV Class A Common Stock Sale $4,691 -10,000 -1.6% $0.4691 634,653 15 May 2023 Direct F3
transaction GROV Class A Common Stock Sale $6,730 -14,849 -2.3% $0.4532 619,804 16 May 2023 Direct 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 GROV Restricted Stock Units Options Exercise -30,626 -25% 91,878 15 May 2023 Class A Common Stock 30,626 Direct F1, F5, F6
transaction GROV Restricted Stock Units Options Exercise -4,501 -8.2% 50,125 15 May 2023 Class A Common Stock 4,501 Direct F1, F6, F7
transaction GROV Restricted Stock Units Options Exercise -6,902 -19% 29,714 15 May 2023 Class A Common Stock 6,902 Direct F1, F6, F8
transaction GROV Restricted Stock Units Options Exercise -84,222 -100% 0 15 May 2023 Class A Common Stock 84,222 Direct F1, F6, F9
transaction GROV Restricted Stock Units Options Exercise -10,806 -100% 0 15 May 2023 Class A Common Stock 10,806 Direct F1, F6, F9
transaction GROV Restricted Stock Units Options Exercise -9,155 -100% 0 15 May 2023 Class A Common Stock 9,155 Direct F1, F6, F9
transaction GROV Restricted Stock Units Options Exercise -60,907 -8.3% 669,975 15 May 2023 Class A Common Stock 60,907 Direct F1, F6, F10
* 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 shares were retained by the Company in order to meet the tax withholding obligations of the award-holder in connection with the vesting of an installment of the restricted stock award. The amount retained by the Company was not in excess of the amount of the tax liability.
F3 The transaction was executed in multiple trades in prices ranging from $.4612 to $.4793, inclusive. The price reported in Column 4 above reflects the weighted average sales price. The Reporting person hereby undertakes to provide to the Securities and Exchange Commission staff, the Issuer, or a security holder of the Issuer, upon request, full information regarding the number of shares sold at each respective price within the range set forth in this footnote of this Form 4.
F4 The transaction was executed in multiple trades in prices ranging from $.450 to $.4833, inclusive. The price reported in Column 4 above reflects the weighted average sales price. The Reporting person hereby undertakes to provide to the Securities and Exchange Commission staff, the Issuer, or a security holder of the Issuer, upon request, full information regarding the number of shares sold at each respective price within the range set forth in this footnote of this Form 4.
F5 These RSUs will vest in equal installments on each February 15, May 15, August 15 and November 15 until becoming fully vested on February 15, 2024, subject to the Reporting Person's continued service with the Issuer through each applicable vesting date.
F6 The RSUs have no expiration date.
F7 These RSUs will vest in equal installments on each February 15, May 15, August 15 and November 15 until becoming fully vested on November 15, 2024, subject to the Reporting Person's continued service with the Issuer through each applicable vesting date.
F8 These RSUs 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.
F9 These RSUs shall 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
F10 These RSUs will vest in twelve equal installments on each February 15th, May 15th, August 15th and November 15th of each year (provided, that if such date occurs on a weekend or federal holiday, vesting shall occur on the next business day) beginning on May 15, 2023, with accelerated vesting following a change in control if the Reporting Person's services are terminated by the Issuer without cause or the Reporting Person resigns for good reason.