Christopher Clark - 15 Aug 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 Aug 2023
Net transactions value
-$42,309
Form type
4
Filing time
17 Aug 2023, 19:52:21 UTC
Previous filing
02 Jun 2023
Next filing
17 Aug 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 +6,125 +5.5% 116,720 15 Aug 2023 Direct F1, F2
transaction GROV Class A Common Stock Tax liability $6,152 -2,809 -2.4% $2.19 113,911 15 Aug 2023 Direct F3
transaction GROV Class A Common Stock Options Exercise +2,281 +2% 116,192 15 Aug 2023 Direct F1
transaction GROV Class A Common Stock Tax liability $2,291 -1,046 -0.9% $2.19 115,146 15 Aug 2023 Direct F3
transaction GROV Class A Common Stock Options Exercise +12,181 +11% 127,327 15 Aug 2023 Direct F1
transaction GROV Class A Common Stock Tax liability $12,233 -5,586 -4.4% $2.19 121,741 15 Aug 2023 Direct F3
transaction GROV Class A Common Stock Options Exercise +21,542 +18% 143,283 15 Aug 2023 Direct F1
transaction GROV Class A Common Stock Tax liability $21,633 -9,878 -6.9% $2.19 133,405 15 Aug 2023 Direct F3

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 -6,125 -33% 12,250 15 Aug 2023 Class A Common Stock 6,125 Direct F1, F4, F5
transaction GROV Restricted Stock Units Options Exercise -2,281 -23% 7,744 15 Aug 2023 Class A Common Stock 2,281 Direct F1, F5, F6
transaction GROV Restricted Stock Units Options Exercise -12,181 -9.1% 121,814 15 Aug 2023 Class A Common Stock 12,181 Direct F1, F5, F7
transaction GROV Restricted Stock Units Options Exercise -21,542 -11% 172,338 15 Aug 2023 Class A Common Stock 21,542 Direct F1, F5, F8
* 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 On June 5, the common stock of Grove Collaborative Holdings, Inc. reverse split 1-for-5, resulting in a decrease of 442,382 shares in the reporting person's ownership of common stock.
F3 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.
F4 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.
F5 The RSUs have no expiration date.
F6 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.
F7 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.
F8 1/10th of the shares subject to the Award shall vest on each of the Company's Standard Quarterly Vesting Dates (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 with the first quarterly vesting date in the next calendar quarter following the Vesting Commencement Date.