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

Role
Director, Executive Chairman
Signature
/s/Barbara Wallace, Attorney-in-Fact for Stuart Landesberg
Stock symbol
GROV
Transactions as of
May 15, 2024
Transactions value $
-$128,192
Form type
4
Date filed
5/16/2024, 09:25 PM
Previous filing
Mar 11, 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 +31.7K +3.25% 1.01M May 15, 2024 Direct F1
transaction GROV Class A Common Stock Tax liability -$26.7K -16.1K -1.6% $1.66 991K May 15, 2024 Direct F2
transaction GROV Class A Common Stock Options Exercise +45.1K +4.55% 1.04M May 15, 2024 Direct F1
transaction GROV Class A Common Stock Tax liability -$37.9K -22.8K -2.2% $1.66 1.01M May 15, 2024 Direct F2
transaction GROV Class A Common Stock Options Exercise +75.6K +7.46% 1.09M May 15, 2024 Direct F1
transaction GROV Class A Common Stock Tax liability -$63.6K -38.3K -3.52% $1.66 1.05M May 15, 2024 Direct F2
holding GROV Class A Common Stock 124K May 15, 2024 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 -31.7K -25.74% 91.4K May 15, 2024 Class A Common Stock 31.7K Direct F1, F4, F5
transaction GROV Restricted Stock Units Options Exercise -45.1K -12.5% 315K May 15, 2024 Class A Common Stock 45.1K Direct F1, F5, F6
transaction GROV Restricted Stock Units Options Exercise -75.6K -16.67% 378K May 15, 2024 Class A Common Stock 75.6K Direct F1, F5, 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 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 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.