Sergio Cervantes - May 15, 2024 Form 4 Insider Report for Grove Collaborative Holdings, Inc. (GROV)

Role
Chief Financial Officer
Signature
/s/Barbara Wallace, Attorney-in-Fact for Sergio Cervantes
Stock symbol
GROV
Transactions as of
May 15, 2024
Transactions value $
-$50,617
Form type
4
Date filed
5/16/2024, 09:10 PM
Previous filing
Feb 28, 2024
Next filing
Aug 19, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GROV Class A Common Stock Options Exercise +8.82K +6.06% 154K May 15, 2024 Direct F1
transaction GROV Class A Common Stock Tax liability -$6.44K -3.88K -2.51% $1.66 151K May 15, 2024 Direct F2
transaction GROV Class A Common Stock Options Exercise +25.3K +16.83% 176K May 15, 2024 Direct F1
transaction GROV Class A Common Stock Tax liability -$18.5K -11.1K -6.33% $1.66 165K May 15, 2024 Direct F2
transaction GROV Class A Common Stock Options Exercise +31.2K +18.94% 196K May 15, 2024 Direct F1
transaction GROV Class A Common Stock Tax liability -$22.8K -13.7K -7% $1.66 182K May 15, 2024 Direct F2
transaction GROV Class A Common Stock Options Exercise +4K +2.19% 186K May 15, 2024 Direct F1
transaction GROV Class A Common Stock Tax liability -$2.92K -1.76K -0.94% $1.66 185K May 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 -8.82K -11.11% 70.6K May 15, 2024 Class A Common Stock 8.82K Direct F1, F3, F4
transaction GROV Restricted Stock Units Options Exercise -25.3K -8.33% 279K May 15, 2024 Class A Common Stock 25.3K Direct F1, F4, F5
transaction GROV Restricted Stock Units Options Exercise -31.2K -16.67% 156K May 15, 2024 Class A Common Stock 31.2K Direct F1, F4, F6
transaction GROV Restricted Stock Units Options Exercise -4K -16.67% 20K May 15, 2024 Class A Common Stock 4K 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 vest 25% on May 15, 2023, and then in quarterly installments for the next 36 months, with accelerated vesting following a change in control if the Reporting Person's services are terminated by the Issuer without cause or he resigns for good reason.
F4 The RSUs have no expiration date.
F5 1/3 of these RSUs will vest on February 15, 2025, and then in quarterly installments for the next 2 years, subject to the Reporting Person's continued service with the Issuer through each applicable vesting date.
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 on May 15, 2023.