John B. Replogle - Aug 15, 2023 Form 4 Insider Report for Grove Collaborative Holdings, Inc. (GROV)

Role: Director
Signature: /s/Barbara Wallace, Attorney-in-Fact for John B. Replogle
Stock symbol: GROV
Transactions as of: Aug 15, 2023
Transactions value $: $0
Form type: 4
Date filed: 8/17/2023, 08:57 PM
Previous filing: Jul 17, 2023
Next filing: Oct 25, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	GROV	Class A Common Stock	Options Exercise		+5.88K	+1.97%		305K	Aug 15, 2023	Direct	F1
transaction	GROV	Class A Common Stock	Options Exercise		+3.09K	+1.02%		308K	Aug 15, 2023	Direct	F1
holding	GROV	Class A Common Stock						53	Aug 15, 2023	See footnote	F2

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		-5.88K	-13.64%		37.2K	Aug 15, 2023	Class A Common Stock	5.88K		Direct	F1, F3, F4
transaction	GROV	Restricted Stock Units	Options Exercise		-3.09K	-10%		27.8K	Aug 15, 2023	Class A Common Stock	3.09K		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 securities are directly held by Replogle Family LLC, for which the Reporting Person serves as manager.
F3	These RSUs vested 30% on November 15, 2022, and then 7.5% for each subsequent quarter of continuous service for the following year and then 5% for each subsequent quarter of continuous service for the following two years.
F4	The RSUs have no expiration date.
F5	These RSUs vest approximately as follows: with respect to 201,039 RSUs, 15,459 vested and settled on November 15, 2022, and the rest will vest in equal installments on each February 15, May 15, August 15 and November 15 until becoming fully vested on November 15, 2025, subject to the Reporting Person's continued service with the Issuer through each applicable vesting date.