John B. Replogle - Nov 15, 2022 Form 4 Insider Report for Grove Collaborative Holdings, Inc. (GROV)

Role
Director
Signature
/s/ Barbara Wallace, Attorney-in-Fact for John Replogle
Stock symbol
GROV
Transactions as of
Nov 15, 2022
Transactions value $
$0
Form type
4
Date filed
11/17/2022, 07:47 PM
Previous filing
Nov 1, 2022
Next filing
Nov 23, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GROV Class A Common Stock Options Exercise +133K +58.83% 359K Nov 15, 2022 Direct F1
holding GROV Class A Common Stock 267 Nov 15, 2022 See footnote F4

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 $0 -118K -30% $0.00 274K Nov 15, 2022 Class A Common Stock 118K Direct F1, F2
transaction GROV Restricted Stock Units Options Exercise $0 -15.5K -7.69% $0.00 186K Nov 15, 2022 Class A Common Stock 15.5K Direct F1, F3
* 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 RSUs vest approximately as follows: with respect to 392,025 RSUs, 30% vested and settled on November 15, 2022, and then 7.5% vest for each subsequent quarter of continuous service for the following year and then 5% vest for each subsequent quarter of continuous service for the following two years. The RSUs have no expiration date.
F3 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. The RSUs have no expiration date.
F4 These securities are directly held by Replogle Family LLC, for which the Reporting Person serves as manager.