Grove (NYSE: GROV) CEO gets stock via RSU vesting and tax share withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Grove Collaborative Holdings, Inc. President & CEO Jeffrey Michael Yurcisin reported multiple equity transactions involving restricted stock units (RSUs) and Class A Common Stock on February 15, 2026. Several RSU awards were exercised for shares at a price of $0.00 per share, and portions of the resulting stock were withheld by the company to cover tax obligations at $1.52 per share. After these exercises and tax-withholding dispositions, he directly held 562,026 shares of Class A Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
68,291 shares exercised/converted
Mixed
9 txns
Insider
Yurcisin Jeffrey Michael
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 21,250 | $0.00 | -- |
| Exercise | Restricted Stock Units | 2,500 | $0.00 | -- |
| Exercise | Restricted Stock Units | 44,541 | $0.00 | -- |
| Exercise | Class A Common Stock | 21,250 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 6,429 | $1.52 | $10K |
| Exercise | Class A Common Stock | 2,500 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 757 | $1.52 | $1K |
| Exercise | Class A Common Stock | 44,541 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 13,474 | $1.52 | $20K |
Holdings After Transaction:
Restricted Stock Units — 127,500 shares (Direct);
Class A Common Stock — 535,645 shares (Direct)
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 vest 25% on August 15, 2024, and then in twelve equal quarterly installments thereafter, 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 quarterly installments each February 15, May 15, August 15 and November 15 commencing on May 15, 2024, subject to the Reporting Person's continued service with the Issuer through each applicable vesting date. 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, 2025, 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.
FAQ
What insider transactions did GROV President & CEO Jeffrey Yurcisin report?
Jeffrey Yurcisin reported RSU exercises into Class A Common Stock and related tax-withholding share dispositions on February 15, 2026. The actions converted restricted stock units into shares and then used some of those shares to satisfy tax obligations tied to vesting.
Were Jeffrey Yurcisin’s GROV transactions open-market buys or sells?
The filing shows no open-market buys or sells. Instead, it records derivative exercises of RSUs into Class A Common Stock and Form F transactions, where shares were delivered back to the company solely to cover tax withholding obligations at $1.52 per share.
What does the F transaction code mean in this GROV Form 4 filing?
The F code indicates shares were used to pay tax liabilities or exercise costs. In this case, Class A Common Stock was delivered back to Grove Collaborative Holdings, Inc. to meet withholding obligations related to RSU vesting, rather than representing discretionary sales in the market.
How do Grove (GROV) RSUs held by the CEO convert into Class A Common Stock?
Each RSU represents a right to receive one share of Class A Common Stock upon vesting. As installments vest, RSUs convert into shares at no cash cost, though some stock can be retained by the company to satisfy the award holder’s tax withholding obligations at the time of vesting.
What vesting terms apply to the Grove (GROV) RSUs referenced in this Form 4?
Footnotes describe several RSU schedules, including 25% vesting on August 15, 2024 with quarterly installments thereafter, and other grants vesting on February 15, May 15, August 15, and November 15, subject to continued service and, for one grant, potential accelerated vesting after a change in control.