Grove Collaborative (NYSE: GROV) CEO exercises RSUs, withholds shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Grove Collaborative Holdings, Inc. President & CEO Jeffrey Michael Yurcisin reported compensation-related equity activity in Class A Common Stock on May 15, 2026. He exercised restricted stock units (RSUs) into a total of 101,421 shares of common stock, reflecting equity awards converting into shares.
To satisfy tax obligations tied to these vestings, the company retained 24,698 shares at $1.24 per share. These tax-withholding dispositions were not open-market sales. Each RSU represents a contingent right to receive one share of Class A Common Stock and vests in scheduled quarterly installments, with certain awards providing for accelerated vesting following a change in control under specified termination conditions.
Positive
- None.
Negative
- None.
Insider Trade Summary
101,421 shares exercised/converted
Mixed
12 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 | Restricted Stock Units | 33,130 | $0.00 | -- |
| Exercise | Class A Common Stock | 21,250 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 5,175 | $1.24 | $6K |
| Exercise | Class A Common Stock | 2,500 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 609 | $1.24 | $755.16 |
| Exercise | Class A Common Stock | 44,541 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 10,846 | $1.24 | $13K |
| Exercise | Class A Common Stock | 33,130 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 8,068 | $1.24 | $10K |
Holdings After Transaction:
Restricted Stock Units — 106,250 shares (Direct, null);
Class A Common Stock — 583,276 shares (Direct, null)
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. 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, 2026, 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.
Key Figures
RSU exercises: 101,421 shares
Tax-withholding shares: 24,698 shares
Withholding price: $1.24 per share
+3 more
6 metrics
RSU exercises
101,421 shares
Total Class A Common Stock from RSU exercises on May 15, 2026
Tax-withholding shares
24,698 shares
Shares retained by company to satisfy tax obligations
Withholding price
$1.24 per share
Value used for tax-withholding dispositions of common stock
Single RSU-to-share ratio
1 RSU : 1 share
Each RSU represents right to receive one Class A share
Exercise transactions count
4 exercises
Derivative exercises/conversions reported in transaction summary
Tax-withholding transactions count
4 dispositions
Share dispositions for tax withholding reported in summary
Key Terms
Restricted Stock Units, tax withholding obligations, change in control, good reason, +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.
tax withholding obligations financial
"These shares were retained by the Company in order to meet the tax withholding obligations"
change in control financial
"with accelerated vesting following a change in control if the Reporting Person's services are terminated"
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
good reason financial
"or the Reporting Person resigns for good reason"
vesting financial
"These RSUs will vest in twelve equal installments on each February 15th, May 15th, August 15th and November 15th"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
What insider activity did GROV President & CEO Jeffrey Yurcisin report on this Form 4?
Jeffrey Yurcisin reported exercises of restricted stock units into Class A Common Stock and related tax-withholding dispositions. RSUs converted into 101,421 shares, while 24,698 shares were retained by the company to cover tax liabilities, all on May 15, 2026.
Were Jeffrey Yurcisin’s GROV transactions open-market buys or sales?
The reported GROV transactions were not open-market buys or sales. They reflect RSU exercises into Class A Common Stock and shares withheld by the company at $1.24 per share solely to satisfy tax withholding obligations associated with vesting awards.
How do Jeffrey Yurcisin’s GROV RSUs vest over time?
Jeffrey Yurcisin’s GROV RSUs vest in various quarterly schedules, including 25% on August 15, 2024 with subsequent quarterly installments, and other grants vesting on February 15, May 15, August 15 and November 15, contingent on his continued service with the issuer.
Do any of Jeffrey Yurcisin’s GROV RSUs have accelerated vesting features?
Certain GROV RSU awards for Jeffrey Yurcisin provide accelerated vesting following a change in control if his services are terminated without cause or he resigns for good reason, in addition to their regular quarterly vesting schedule disclosed in the footnotes.