Jennie Perry - Aug 15, 2023 Form 4 Insider Report for Grove Collaborative Holdings, Inc. (GROV)

Role: Chief Marketing Officer
Signature: /s/Barbara Wallace, Attorney-in-Fact for Jennie Perry
Stock symbol: GROV
Transactions as of: Aug 15, 2023
Transactions value $: -$32,362
Form type: 4
Date filed: 8/17/2023, 08:56 PM
Previous filing: May 17, 2023
Next filing: Nov 17, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	GROV	Class A Common Stock	Options Exercise		+7.1K	+7.24%		105K	Aug 15, 2023	Direct	F1, F2
transaction	GROV	Class A Common Stock	Tax liability	-$6.12K	-2.79K	-2.66%	$2.19	102K	Aug 15, 2023	Direct	F3
transaction	GROV	Class A Common Stock	Options Exercise		+16.3K	+15.97%		119K	Aug 15, 2023	Direct	F1
transaction	GROV	Class A Common Stock	Tax liability	-$14.1K	-6.43K	-5.42%	$2.19	112K	Aug 15, 2023	Direct	F3
transaction	GROV	Class A Common Stock	Options Exercise		+14.1K	+12.57%		126K	Aug 15, 2023	Direct	F1
transaction	GROV	Class A Common Stock	Tax liability	-$12.2K	-5.55K	-4.4%	$2.19	121K	Aug 15, 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		-7.1K	-16.75%		35.3K	Aug 15, 2023	Class A Common Stock	7.1K		Direct	F1, F4, F5
transaction	GROV	Restricted Stock Units	Options Exercise		-16.3K	-9.09%		163K	Aug 15, 2023	Class A Common Stock	16.3K		Direct	F1, F5, F6
transaction	GROV	Restricted Stock Units	Options Exercise		-14.1K	-11.11%		113K	Aug 15, 2023	Class A Common Stock	14.1K		Direct	F1, F5, F7

* 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 392,132 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, 2025, 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 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.
F7	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.