GROV Form 4: Tom Siragusa RSU Vesting Converts 16,759 RSUs; 6,000 Shares Withheld
Rhea-AI Filing Summary
Tom Siragusa, Interim CFO of Grove Collaborative Holdings, Inc. (GROV) reported multiple transactions on 08/15/2025 related to the vesting and conversion of restricted stock units (RSUs) into Class A common stock. A total of 16,759 RSUs appear to have been acquired upon vesting and converted into shares. To meet tax withholding obligations, the company retained 6,000 shares at a price of $1.49 per share. After these transactions the reporting person beneficially owned 49,683 shares of Class A common stock (direct ownership). The RSUs have various vesting schedules: some vest in quarterly installments through February or August 2026, some vest monthly by quarterly vesting dates, and the RSUs have no expiration date. The form is signed by an attorney-in-fact on behalf of Mr. Siragusa and is dated 08/19/2025.
Positive
- RSUs converted to equity aligning executive pay with shareholder interests through equity ownership
- Tax withholding handled by company through share retention at a disclosed price of $1.49 per share
Negative
- Ongoing scheduled vesting through 2026 increases potential future dilution
- Material withheld shares (6,000) reduce newly vested shares retained by the reporting person, though this is administrative
Insights
TL;DR: Routine executive equity vesting with company tax-withholding; not a material change to ownership or control.
The filing documents scheduled vesting of multiple RSU awards that converted into Class A shares on 08/15/2025 and corresponding share-withholdings to satisfy tax obligations at $1.49 per share. The net increase in shares held by the reporting person is modest relative to typical outstanding floats for public companies. There is no sale for liquidity purposes disclosed; dispositions shown are company withholdings for taxes. The disclosure describes standard vesting schedules and continued service conditions, indicating these are compensation-related transactions rather than opportunistic insider trades. Impact to investors is limited absent other corporate developments.
TL;DR: Compensation-driven equity issuance with tax withholding; watch vesting timelines for future dilution.
The report details multiple tranches of RSUs with staggered vesting through 2026 and no expiration dates, which implies ongoing potential share issuance as awards vest. The company withheld 6,000 shares at $1.49 to cover taxes, an administrative step that modestly reduces the immediate net share increase to the reporting person. From a governance perspective, these are ordinary equity-compensation mechanics; however, the scheduled future vesting increases the pool of potential dilution over time and should be considered in models that incorporate fully-diluted share counts.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 352 | $0.00 | -- |
| Exercise | Restricted Stock Units | 272 | $0.00 | -- |
| Exercise | Restricted Stock Units | 1,348 | $0.00 | -- |
| Exercise | Restricted Stock Units | 5,333 | $0.00 | -- |
| Exercise | Restricted Stock Units | 2,500 | $0.00 | -- |
| Exercise | Restricted Stock Units | 6,954 | $0.00 | -- |
| Exercise | Class A Common Stock | 352 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 126 | $1.49 | $187.74 |
| Exercise | Class A Common Stock | 272 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 98 | $1.49 | $146.02 |
| Exercise | Class A Common Stock | 1,348 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 483 | $1.49 | $719.67 |
| Exercise | Class A Common Stock | 5,333 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 1,909 | $1.49 | $3K |
| Exercise | Class A Common Stock | 2,500 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 895 | $1.49 | $1K |
| Exercise | Class A Common Stock | 6,954 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 2,489 | $1.49 | $4K |
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 RSUs will vest in 16 equal installments on each February 15, May 15, August 15 and November 15 until becoming fully vested on February 15, 2026, subject to the Reporting Person's continued service with the Issuer through each applicable vesting date. The RSUs have no expiration date. These RSUs will vest in 16 equal installments on each February 15, May 15, August 15 and November 15 until becoming fully vested on August 15, 2026, subject to the Reporting Person's continued service with the Issuer through each applicable vesting date. 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 with the first quarterly vesting date in the next calendar quarter following the Vesting Commencement Date. These RSUs will vest in 12 quarterly installments each February 15, May 15, August 15 and November 15 commencing on May 15, 2025, subject to the Reporting Person's continued service with the Issuer through each applicable vesting date.
