Grove Collaborative CFO updates reported holdings
Grove Collaborative Holdings, Inc. CFO Thomas Siragusa filed an amended Form 3 to correct his reported ownership of Class A Common Stock.
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Form Type
3/A
Rhea-AI Filing Summary
Grove Collaborative Holdings, Inc. CFO Thomas Siragusa filed an amended Form 3 to correct his reported ownership of Class A Common Stock. The amendment shows he holds 29,831 shares, including 780 shares that were previously omitted. These 780 shares vest only if stock price VWAP hurdles of $62.50 and $75 are met before the tenth anniversary of the 6/16/2022 business combination.
Insider Trade Summary
Holdings reported, no transactions
Holdings
Insider
Siragusa Thomas
Role
CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Holding | Class A Common Stock | -- | -- | -- |
Holdings:
Class A Common Stock — 29,831 shares (Direct)
Footnotes (3)
- F1. This Form 3/A is being filed solely to report 780 shares of Class A Common Stock that were inadvertently omitted from the reporting person's original Form 3 filed on 03/06/2025. All other holdings originally reported remain unchanged.
- F2. This amount includes 780 shares which vest upon the achievement of the following price conditions, if met prior to the tenth anniversary of the closing of the Business Combination which occurred on 6/16/2022: (i) 50% automatically vest if the daily volume weighted average price ("VWAP") of the shares of Class A Common Stock is greater than or equal to $62.50 per share for any 20 trading days within any 30-trading-day period; and (ii) 50% automatically vest if the daily VWAP of the shares of Class A Common Stock is greater than or equal to $75.00 per share for any 20 trading days within any 30-trading-day period, each subject to certain change-of-control provisions. (Continued in Footnote 3)
- F3. (Continuation of Footnote 2) In addition, any shares issued in exchange for RSUs or options are subject to the same vesting terms as the exchanged RSUs and options and, if the underlying RSU or option is forfeited, the corresponding shares will also be forfeited and distributed to the other security-holders of the issuer, as if immediately prior to the closing of the Issuer's business combination, on a pro rata basis.
Key Figures
Total Class A shares held: 29,831 shares
Previously omitted shares: 780 shares
First VWAP vesting hurdle: $62.50 per share
+3 more
6 metrics
Total Class A shares held
29,831 shares
Direct holdings reported after amendment
Previously omitted shares
780 shares
Class A Common Stock added in Form 3/A
First VWAP vesting hurdle
$62.50 per share
VWAP for any 20 days in a 30-day period
Second VWAP vesting hurdle
$75.00 per share
VWAP for any 20 days in a 30-day period
Business combination date
6/16/2022
Tenth anniversary sets outer vesting window
Performance-based shares vesting split
50% / 50%
Two equal tranches tied to separate VWAP hurdles
Key Terms
Class A Common Stock, VWAP, Business Combination, RSUs
4 terms
Class A Common Stock financial
"This Form 3/A is being filed solely to report 780 shares of Class A Common Stock that were inadvertently omitted"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
VWAP financial
"50% automatically vest if the daily volume weighted average price ("VWAP") of the shares of Class A Common Stock is greater than or equal to $62.50"
VWAP, or Volume-Weighted Average Price, is a way to find the average price of a stock throughout the trading day, giving more importance to times when more shares are traded. It helps traders see the typical price and decide whether a stock is expensive or cheap compared to its average, similar to finding the average speed during a trip by giving more weight to times when you traveled faster or slower.
Business Combination financial
"prior to the tenth anniversary of the closing of the Business Combination which occurred on 6/16/2022"
A business combination happens when two or more companies join together to operate as one, like two friends merging their teams into a single group. This is important because it can change how companies grow, compete, and make money, often making them bigger and more powerful in the market.
RSUs financial
"any shares issued in exchange for RSUs or options are subject to the same vesting terms as the exchanged RSUs and options"
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does Thomas Siragusa’s amended Form 3/A report for GROV?
The amended Form 3 reports that CFO Thomas Siragusa holds 29,831 shares of Grove Collaborative Class A Common Stock. It corrects an earlier filing that inadvertently omitted 780 shares, with all other previously reported holdings remaining unchanged.
Why was the original Form 3 for GROV’s CFO amended?
The Form 3 was amended to include 780 Class A shares that were inadvertently left out of the original filing. Footnotes state that all other originally reported holdings are unchanged, so this amendment is purely a correction of reported ownership.
AI-generated analysis. How Rhea-AI works. Not financial advice.
