Christopher Clark - 25 May 2023 Form 4 Insider Report for Grove Collaborative Holdings, Inc. (GROV)

Signature
/s/Barbara Wallace, Attorney-in-Fact for Christopher Clark
Issuer symbol
GROV
Transactions as of
25 May 2023
Net transactions value
-$26,175
Form type
4
Filing time
26 May 2023, 15:01:43 UTC
Previous filing
23 May 2023
Next filing
31 May 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GROV Class A Common Stock Options Exercise +107,711 +20% 652,364 25 May 2023 Direct F1
transaction GROV Class A Common Stock Tax liability $26,175 -49,387 -7.6% $0.5300 602,977 25 May 2023 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 -107,711 -10% 969,403 25 May 2023 Class A Common Stock 107,711 Direct F1, F3, F4
* 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 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. 107,711 shares vested on 5/15/23 and settled on 5/25/23.
F4 The RSUs have no expiration date.