Grove (GROV) CFO exercises RSUs; shares retained for tax withholding and holdings updated
Rhea-AI Filing Summary
Grove Collaborative Holdings, Inc. CFO Thomas Siragusa reported routine equity compensation activity involving restricted stock units and related tax withholding. On May 15, 2026, he exercised RSUs to acquire a total of 34,151 shares of Class A Common Stock at an exercise price of $0.00 per share.
To satisfy tax obligations on these vesting awards, the company retained 13,476 shares at $1.24 per share, classified as tax-withholding dispositions and not open-market sales. Following these transactions, Siragusa directly held 74,275 shares of Class A Common Stock.
The footnotes explain that each RSU converts into one share of Class A Common Stock and describe several RSU awards that vest in equal quarterly installments on February 15, May 15, August 15 and November 15, with schedules running through August 15, 2026 and commencing on May 15, 2025 and May 15, 2026, subject to his continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| 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 | Restricted Stock Units | 6,250 | $0.00 | -- |
| Exercise | Restricted Stock Units | 11,494 | $0.00 | -- |
| Exercise | Class A Common Stock | 272 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 112 | $1.24 | $138.88 |
| Exercise | Class A Common Stock | 1,348 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 554 | $1.24 | $686.96 |
| Exercise | Class A Common Stock | 5,333 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 2,191 | $1.24 | $3K |
| Exercise | Class A Common Stock | 2,500 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 1,027 | $1.24 | $1K |
| Exercise | Class A Common Stock | 6,954 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 2,857 | $1.24 | $4K |
| Exercise | Class A Common Stock | 6,250 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 2,568 | $1.24 | $3K |
| Exercise | Class A Common Stock | 11,494 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 4,167 | $1.24 | $5K |
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 August 15, 2026, subject to the Reporting Person's continued service with the Issuer through each applicable vesting date. The RSUs have no expiration 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. 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.