Jennie Perry - Feb 15, 2024 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
Feb 15, 2024
Transactions value $
-$30,114
Form type
4
Date filed
2/20/2024, 08:23 PM
Previous filing
Nov 17, 2023
Next filing
Feb 28, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GROV Class A Common Stock Options Exercise +3.44K +2.39% 147K Feb 15, 2024 Direct F1
transaction GROV Class A Common Stock Tax liability -$2.76K -1.55K -1.05% $1.78 145K Feb 15, 2024 Direct F2
transaction GROV Class A Common Stock Options Exercise +3.66K +2.52% 149K Feb 15, 2024 Direct F1
transaction GROV Class A Common Stock Tax liability -$2.94K -1.65K -1.11% $1.78 147K Feb 15, 2024 Direct F2
transaction GROV Class A Common Stock Options Exercise +16.3K +11.08% 164K Feb 15, 2024 Direct F1
transaction GROV Class A Common Stock Tax liability -$13.1K -7.36K -4.49% $1.78 156K Feb 15, 2024 Direct F2
transaction GROV Class A Common Stock Options Exercise +14.1K +9.02% 171K Feb 15, 2024 Direct F1
transaction GROV Class A Common Stock Tax liability -$11.3K -6.36K -3.73% $1.78 164K Feb 15, 2024 Direct 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 -3.44K -12.2% 24.7K Feb 15, 2024 Class A Common Stock 3.44K Direct F1, F3, F4
transaction GROV Restricted Stock Units Options Exercise -3.66K -49.99% 3.66K Feb 15, 2024 Class A Common Stock 3.66K Direct F1, F3, F4
transaction GROV Restricted Stock Units Options Exercise -16.3K -11.11% 131K Feb 15, 2024 Class A Common Stock 16.3K Direct F1, F4, F5
transaction GROV Restricted Stock Units Options Exercise -14.1K -14.29% 84.7K Feb 15, 2024 Class A Common Stock 14.1K Direct F1, F4, F6
* 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 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.
F4 The RSUs have no expiration date.
F5 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.
F6 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.