Stuart Landesberg - Feb 15, 2023 Form 4 Insider Report for Grove Collaborative Holdings, Inc. (GROV)

Role
President & CEO, Director, 10%+ Owner
Signature
/s/ Barbara Wallace, Attorney-in-Fact for Stuart Landesberg
Stock symbol
GROV
Transactions as of
Feb 15, 2023
Transactions value $
-$187,388
Form type
4
Date filed
2/16/2023, 08:32 PM
Previous filing
Dec 12, 2022
Next filing
Mar 2, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GROV Class A Common Stock Options Exercise +9.16K +0.56% 1.64M Feb 15, 2023 Direct F1
transaction GROV Class A Common Stock Tax liability -$1.29K -3.17K -0.19% $0.41 1.63M Feb 15, 2023 Direct F2
transaction GROV Class A Common Stock Options Exercise +10.9K +0.67% 1.64M Feb 15, 2023 Direct F1
transaction GROV Class A Common Stock Tax liability -$1.54K -3.77K -0.23% $0.41 1.64M Feb 15, 2023 Direct F2
transaction GROV Class A Common Stock Options Exercise +18.3K +1.12% 1.66M Feb 15, 2023 Direct F1
transaction GROV Class A Common Stock Tax liability -$3.05K -7.47K -0.45% $0.41 1.65M Feb 15, 2023 Direct F2
transaction GROV Class A Common Stock Options Exercise +140K +8.49% 1.79M Feb 15, 2023 Direct F1
transaction GROV Class A Common Stock Tax liability -$23.3K -57.2K -3.19% $0.41 1.73M Feb 15, 2023 Direct F2
transaction GROV Class A Common Stock Options Exercise +268K +15.46% 2M Feb 15, 2023 Direct F1
transaction GROV Class A Common Stock Tax liability -$37.8K -92.8K -4.63% $0.41 1.91M Feb 15, 2023 Direct F2
transaction GROV Class A Common Stock Options Exercise +825K +43.18% 2.73M Feb 15, 2023 Direct F1
transaction GROV Class A Common Stock Tax liability -$120K -295K -10.79% $0.41 2.44M Feb 15, 2023 Direct F2
holding GROV Class A Common Stock 618K Feb 15, 2023 See footnote 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 -9.16K -50% 9.16K Feb 15, 2023 Class A Common Stock 9.16K Direct F1, F4, F5
transaction GROV Restricted Stock Units Options Exercise -10.9K -50% 10.9K Feb 15, 2023 Class A Common Stock 10.9K Direct F1, F4, F5
transaction GROV Restricted Stock Units Options Exercise -18.3K -33.33% 36.6K Feb 15, 2023 Class A Common Stock 18.3K Direct F1, F5, F6
transaction GROV Restricted Stock Units Options Exercise -140K -10.22% 1.23M Feb 15, 2023 Class A Common Stock 140K Direct F1, F5, F6
transaction GROV Restricted Stock Units Options Exercise -268K -50% 268K Feb 15, 2023 Class A Common Stock 268K Direct F1, F4, F5
transaction GROV Restricted Stock Units Options Exercise -825K -50% 825K Feb 15, 2023 Class A Common Stock 825K Direct F1, F4, F5
* 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 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.
F4 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
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 February 15, 2025, subject to the Reporting Person's continued service with the Issuer through each applicable vesting date.