Grove Collaborative (GROV) CEO settles 101K RSUs
Rhea-AI Filing Summary
Grove Collaborative Holdings, Inc. (GROV) reported that President & CEO Jeffrey Michael Yurcisin exercised and settled restricted stock units (RSUs) into Class A Common Stock on August 15, 2026. A total of 101,420 RSUs, each representing one share of Class A Common Stock, were converted into an equal number of shares as scheduled vesting installments under multiple RSU awards. In connection with these vestings, the company withheld 24,697 shares of Class A Common Stock at $1.03 per share to satisfy Mr. Yurcisin’s tax withholding obligations, with the amount retained stated as not in excess of the related tax liability.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 76,723 shares
Net Buy
12 txns
Insider
Yurcisin Jeffrey Michael
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F1, F3, F4 | 2,500 | -- | -- |
| Exercise | Restricted Stock Units F1, F5, F4 | 44,541 | -- | -- |
| Exercise | Restricted Stock Units F1, F6, F4 | 33,129 | -- | -- |
| Exercise | Restricted Stock Units F1, F7, F4 | 21,250 | -- | -- |
| Exercise | Class A Common Stock F1 | 2,500 | -- | -- |
| Tax Withholding | Class A Common Stock F2 | 609 | $1.03 | $627.27 |
| Exercise | Class A Common Stock F1 | 44,541 | -- | -- |
| Tax Withholding | Class A Common Stock F2 | 10,846 | $1.03 | $11K |
| Exercise | Class A Common Stock F1 | 33,129 | -- | -- |
| Tax Withholding | Class A Common Stock F2 | 8,067 | $1.03 | $8K |
| Exercise | Class A Common Stock F1 | 21,250 | -- | -- |
| Tax Withholding | Class A Common Stock F2 | 5,175 | $1.03 | $5K |
Holdings After Transaction:
Restricted Stock Units — 696,039 shares (Direct);
Class A Common Stock — 725,472 shares (Direct)
Footnotes (7)
- 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. 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.
- F4. The RSUs have no expiration date.
- F5. 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.
- F6. 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.
- F7. 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.
Key Figures
Total RSUs exercised: 101,420 units
Shares withheld for taxes: 24,697 shares
Withholding price per share: $1.03 per share
+4 more
7 metrics
Total RSUs exercised
101,420 units
Aggregate RSUs converted into Class A Common Stock on August 15, 2026
Shares withheld for taxes
24,697 shares
Class A Common Stock retained by the company to meet tax withholding obligations
Withholding price per share
$1.03 per share
Price applied to shares withheld for tax liability under code F transactions
RSU leg 1
2,500 units
RSUs vesting in quarterly installments beginning May 15, 2024
RSU leg 2
44,541 units
RSUs vesting in twelve installments beginning May 15, 2025
RSU leg 3
33,129 units
RSUs vesting in twelve installments beginning May 15, 2026
RSU leg 4
21,250 units
RSUs vesting 25% on August 15, 2024 and quarterly thereafter
Key Terms
Restricted Stock Units, tax withholding obligations, change in control, good reason
4 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
"retained by the Company in order to meet the tax withholding obligations"
change in control financial
"accelerated vesting following a change in control if the Reporting Person's services"
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
"if the Reporting Person's services are terminated by the Issuer without cause or the Reporting Person resigns for good reason"
FAQ
What insider equity activity did GROV’s CEO report on August 15, 2026?
On August 15, 2026, GROV’s CEO Jeffrey Michael Yurcisin exercised 101,420 RSUs into the same number of Class A Common Stock shares. These were scheduled vesting installments from multiple RSU awards granted as part of his compensation package.
What type of securities did the GROV CEO’s Form 4 transactions involve?
The transactions involved Restricted Stock Units (RSUs) that convert into Class A Common Stock. Each RSU represents a contingent right to receive one share of Class A Common Stock upon vesting, with multiple awards vesting in scheduled quarterly installments.
Were the GROV CEO’s August 15, 2026 RSU transactions open-market buys or sells?
The reported activity reflects RSU vesting and conversion, not open-market purchases or sales. Shares were acquired upon RSU settlement, and a portion was withheld by the company solely to satisfy tax withholding obligations associated with those vestings.
How many RSUs did GROV’s CEO exercise according to the latest Form 4?
GROV’s CEO exercised a total of 101,420 RSUs, each delivering one share of Class A Common Stock. These RSUs came from several grants with quarterly vesting schedules, some including accelerated vesting upon certain change-in-control and termination conditions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
