Form 4 for GROV Grove Collaborative Holdings, Inc.
Accepted 2023-08-17 00:00:00 ET · period of report 2023-08-15 · accession 0001127602-23-022866 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2023-08-17 | 2023-08-15 | GROV | Cervantes Sergio | CFO | M - OptEx | — | +44.0K | 83.0K | +113% | — |
| DM | 2023-08-17 | 2023-08-15 | GROV | Cervantes Sergio | CFO | F - Tax | $2.19 | -19.5K | 98.7K | -16% | -$42.6K |
| DM | 2023-08-17 | 2023-08-15 | GROV | Cervantes Sergio | CFO | M - OptEx | — | -44.0K | 249.7K | -15% | — |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A Common Stock | 2023-08-15 | M | A | 4,000 | — | 100,498 | D | — | — | (F1) Each restricted stock unit ("RSU") represents a contingent right to receive one share of class A Common Stock |
| 2 | Common | Class A Common Stock | 2023-08-15 | F | D | 13,795 | $2.19 | 96,498 | D | — | — | (F3) 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. |
| 3 | Common | Class A Common Stock | 2023-08-15 | M | A | 31,209 | — | 110,293 | D | — | — | (F1) Each restricted stock unit ("RSU") represents a contingent right to receive one share of class A Common Stock |
| 4 | Common | Class A Common Stock | 2023-08-15 | F | D | 3,899 | $2.19 | 79,084 | D | — | — | (F3) 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. |
| 5 | Common | Class A Common Stock | 2023-08-15 | F | D | 1,769 | $2.19 | 98,729 | D | — | — | (F3) 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. |
| 6 | Common | Class A Common Stock | 2023-08-15 | M | A | 8,820 | — | 82,983 | D | — | — | (F1) Each restricted stock unit ("RSU") represents a contingent right to receive one share of class A Common Stock (F2) On June 5, the common stock of Grove Collaborative Holdings, Inc. reverse split 1-for-5, resulting in a decrease of 296,656 shares in the reporting person's ownership of common stock. |
| 7 | Derivative | Restricted Stock Units | 2023-08-15 | M | D | 8,820 | — | 97,023 | D | — · — to — | 8,820 Class A Common Stock | (F1) Each restricted stock unit ("RSU") represents a contingent right to receive one share of class A Common Stock (F4) 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. (F5) The RSUs have no expiration date. |
| 8 | Derivative | Restricted Stock Units | 2023-08-15 | M | D | 4,000 | — | 32,000 | D | — · — to — | 4,000 Class A Common Stock | (F1) Each restricted stock unit ("RSU") represents a contingent right to receive one share of class A Common Stock (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. (F5) The RSUs have no expiration date. |
| 9 | Derivative | Restricted Stock Units | 2023-08-15 | M | D | 31,209 | — | 249,679 | D | — · — to — | 31,209 Class A Common Stock | (F1) Each restricted stock unit ("RSU") represents a contingent right to receive one share of class A Common Stock (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. (F5) The RSUs have no expiration date. |