Grove Collaborative (GROV) director exercises RSUs, withholds shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Grove Collaborative Holdings director Stuart Landesberg reported equity award activity involving restricted stock units and Class A common stock. On February 15, 2026, he exercised 45,059 restricted stock units, converting them into 45,059 shares of Class A common stock at a stated price of $0.00 per share.
To cover associated tax withholding obligations from this vesting, 18,466 Class A shares were retained by the company at $1.52 per share, described as not exceeding the related tax liability. After these transactions, Landesberg directly held 1,524,247 Class A shares, and an additional 123,558 Class A shares were held indirectly through The Landesberg Living Trust, dated October 15, 2021, for which he and his spouse serve as co‑trustees.
Positive
- None.
Negative
- None.
Insider Trade Summary
45,059 shares exercised/converted
Mixed
4 txns
Insider
Landesberg Stuart
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 45,059 | $0.00 | -- |
| Exercise | Class A Common Stock | 45,059 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 18,466 | $1.52 | $28K |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Class A Common Stock — 1,542,713 shares (Direct);
Class A Common Stock — 123,558 shares (Indirect, See footnote)
Footnotes (1)
- Each restricted stock unit ("RSU") represents a contingent right to receive one share of class A Common Stock 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. 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. 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. The RSUs have no expiration date.