Grove Collaborative (GROV) CLO reports 44K RSUs, 16K shares withheld
Rhea-AI Filing Summary
Grove Collaborative Holdings, Inc. (GROV) reported multiple equity award transactions for Chief Legal Officer and Secretary Gary Scott Giesler on August 15, 2026. Several Restricted Stock Units converted into an aggregate of Class A Common Stock, and the company withheld a portion of the newly issued shares to cover associated tax withholding obligations at a reported price of $1.03 per share. The RSU footnotes describe quarterly vesting schedules beginning in 2025 and 2026 and clarify that each RSU represents a contingent right to receive one share of Class A Common Stock and that the RSUs have no expiration date.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 28,430 shares
Net Buy
15 txns
Insider
Giesler Gary Scott
Role
Chief Legal Officer, Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F1, F3, F4 | 19,160 | -- | -- |
| Exercise | Restricted Stock Units F1, F5, F4 | 2,500 | -- | -- |
| Exercise | Restricted Stock Units F1, F6, F4 | 6,954 | -- | -- |
| Exercise | Restricted Stock Units F1, F7, F4 | 4,166 | -- | -- |
| Exercise | Restricted Stock Units F1, F8, F4 | 11,494 | -- | -- |
| Exercise | Class A Common Stock F1 | 19,160 | -- | -- |
| Tax Withholding | Class A Common Stock F2 | 6,856 | $1.03 | $7K |
| Exercise | Class A Common Stock F1 | 2,500 | -- | -- |
| Tax Withholding | Class A Common Stock F2 | 895 | $1.03 | $921.85 |
| Exercise | Class A Common Stock F1 | 6,954 | -- | -- |
| Tax Withholding | Class A Common Stock F2 | 2,489 | $1.03 | $3K |
| Exercise | Class A Common Stock F1 | 4,166 | -- | -- |
| Tax Withholding | Class A Common Stock F2 | 1,491 | $1.03 | $2K |
| Exercise | Class A Common Stock F1 | 11,494 | -- | -- |
| Tax Withholding | Class A Common Stock F2 | 4,113 | $1.03 | $4K |
Holdings After Transaction:
Restricted Stock Units — 202,502 shares (Direct);
Class A Common Stock — 210,595 shares (Direct)
Footnotes (8)
- 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. 40% of the shares subject to the Award vested on February 15, 2025, with 10% of the shares subject to the Award vesting thereafter on 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 May 15, 2025.
- F4. The RSUs have no expiration date.
- F5. 1/12th 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 February 15, 2025.
- F6. 1/12th 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 May 15, 2025.
- F7. 1/12th 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 November 15, 2025.
- F8. 1/12th 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 May 15, 2026.
Key Figures
RSU exercise/conversion shares: 44,274 shares
Shares withheld for taxes: 15,844 shares
Tax withholding price: $1.03 per share
+3 more
6 metrics
RSU exercise/conversion shares
44,274 shares
Total derivative exercises (M code) reported for RSUs
Shares withheld for taxes
15,844 shares
Code F transactions for payment of tax liability by withholding securities
Tax withholding price
$1.03 per share
Per-share value used in all F-code Class A Common Stock transactions
RSU-to-share ratio
1 RSU : 1 share
Each RSU represents a contingent right to receive one share of Class A Common Stock
Exercise transactions count
5 transactions
Derivative exercises or conversions (M code) in the transaction summary
Tax-withholding transactions count
5 transactions
Code F dispositions for tax withholding obligations
Key Terms
Restricted Stock Units, Standard Quarterly Vesting Dates, tax withholding obligations, contingent right, +1 more
5 terms
Restricted Stock Units financial
"Each restricted stock unit ("RSU") represents a contingent right to receive one share"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Standard Quarterly Vesting Dates financial
"on each of the Company's Standard Quarterly Vesting Dates (February 15th, May 15th"
tax withholding obligations financial
"retained by the Company in order to meet the tax withholding obligations of the award-holder"
contingent right financial
"represents a contingent right to receive one share of class A Common Stock"
Payment of tax liability by delivering or withholding securities financial
"transaction_code "F" with description Payment of tax liability by delivering or withholding"
FAQ
What insider transactions did GROV executive Gary Scott Giesler report on August 15, 2026?
GROV’s Chief Legal Officer Gary Scott Giesler reported RSU conversions into Class A Common Stock on August 15, 2026. Some of the resulting shares were withheld to satisfy tax withholding obligations tied to the vesting of these equity awards.
What does each GROV Restricted Stock Unit represent for Gary Scott Giesler?
Each Restricted Stock Unit (RSU) reported by Gary Scott Giesler represents a contingent right to receive one share of Grove’s Class A Common Stock. Vesting schedules outlined in the footnotes govern when RSUs convert into actual common shares.
Are the GROV RSUs reported by Gary Giesler subject to expiration?
The filing states that the reported RSUs have no expiration date. Instead, they are governed by specified quarterly vesting dates, after which vested RSUs convert into Class A Common Stock or trigger related tax withholding transactions.
How do GROV’s Standard Quarterly Vesting Dates affect Gary Giesler’s RSUs?
Footnotes explain that portions of the awards vest on Standard Quarterly Vesting Dates: February 15, May 15, August 15 and November 15 each year. Depending on the specific award, fractions of the RSUs vest at each quarterly date beginning in 2025 or 2026.
AI-generated analysis. How Rhea-AI works. Not financial advice.
