Grove Collaborative (GROV) CFO vests RSUs, $1.03 shares withheld for tax
Rhea-AI Filing Summary
Grove Collaborative Holdings, Inc. (GROV) reported that CFO Thomas Siragusa had multiple restricted stock unit (RSU) vesting and conversion events on August 15, 2026. RSUs converted into shares of Class A Common Stock, and a portion of the resulting shares was withheld by the company to cover tax withholding obligations at a per-share value of $1.03. Footnotes state that each RSU represents a right to receive one Class A share, that the amounts withheld were not in excess of the related tax liabilities, and they describe quarterly vesting schedules through August 15, 2026, including provisions for accelerated vesting following a change in control under certain termination conditions.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 21,927 shares
Net Buy
21 txns
Insider
Siragusa Thomas
Role
CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F1, F3, F4 | 272 | -- | -- |
| Exercise | Restricted Stock Units F1, F5, F4 | 1,348 | -- | -- |
| Exercise | Restricted Stock Units F1, F5, F4 | 5,333 | -- | -- |
| Exercise | Restricted Stock Units F1, F5, F4 | 2,500 | -- | -- |
| Exercise | Restricted Stock Units F1, F6, F4 | 6,954 | -- | -- |
| Exercise | Restricted Stock Units F1, F5, F4 | 6,250 | -- | -- |
| Exercise | Restricted Stock Units F1, F7, F4 | 11,494 | -- | -- |
| Exercise | Class A Common Stock F1 | 272 | -- | -- |
| Tax Withholding | Class A Common Stock F2 | 98 | $1.03 | $100.94 |
| Exercise | Class A Common Stock F1 | 1,348 | -- | -- |
| Tax Withholding | Class A Common Stock F2 | 483 | $1.03 | $497.49 |
| Exercise | Class A Common Stock F1 | 5,333 | -- | -- |
| Tax Withholding | Class A Common Stock F2 | 1,909 | $1.03 | $2K |
| Exercise | Class A Common Stock F1 | 2,500 | -- | -- |
| Tax Withholding | Class A Common Stock F2 | 895 | $1.03 | $921.85 |
| Exercise | Class A Common Stock F1 | 6,954 | -- | -- |
| Tax Withholding | Class A Common Stock F2 | 2,489 | $1.03 | $3K |
| Exercise | Class A Common Stock F1 | 6,250 | -- | -- |
| Tax Withholding | Class A Common Stock F2 | 2,237 | $1.03 | $2K |
| Exercise | Class A Common Stock F1 | 11,494 | -- | -- |
| Tax Withholding | Class A Common Stock F2 | 4,113 | $1.03 | $4K |
Holdings After Transaction:
Restricted Stock Units — 249,453 shares (Direct);
Class A Common Stock — 117,385 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 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.
- F4. The RSUs have no expiration date.
- F5. 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.
- F6. 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.
- F7. 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: 34,151 shares
Tax-withholding shares: 12,224 shares
Tax-withholding price: 1.0300
+3 more
6 metrics
RSU exercises
34,151 shares
Total underlying shares in derivative exercises (M transactions) reported in the summary
Tax-withholding shares
12,224 shares
Shares delivered or withheld for exercise price or tax liability (code F transactions)
Tax-withholding price
1.0300
Per-share value used in multiple Class A Common Stock F-code transactions
Derivative exercises count
7
Number of exercise or conversion (M/C/X) transactions reported
Tax-liability transactions count
7
Number of F-code transactions for payment of exercise price or tax liability
Net buy/sell shares
0
Net buy-sell direction across transactions classified as buy or sell is neutral
Key Terms
Restricted Stock Units, tax withholding obligations, Vesting Commencement Date, change in control, +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"
Vesting Commencement Date financial
"beginning with the first quarterly vesting date in the next calendar quarter following the Vesting Commencement Date"
The vesting commencement date is the starting point when an employee begins earning ownership rights to their promised benefits, such as stock options or retirement contributions. Think of it like the day a savings account is opened—only after this date do the benefits start to grow and become fully available over time. It matters to investors because it marks when the clock begins ticking toward full ownership, affecting the timing and value of these benefits.
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.
Standard Quarterly Vesting Dates financial
"on each of the Company's Standard Quarterly Vesting Dates (February 15th, May 15th, August 15th and November 15th)"
FAQ
What insider activity did GROV CFO Thomas Siragusa report on August 15, 2026?
On August 15, 2026, CFO Thomas Siragusa reported multiple RSU vesting and conversion events into Class A Common Stock. Some of the resulting shares were withheld by Grove Collaborative to satisfy associated tax withholding obligations tied to these equity awards.
What are the key vesting terms of Thomas Siragusa’s RSUs at GROV?
Footnotes describe RSUs vesting in quarterly installments on February 15, May 15, August 15 and November 15, with some awards fully vesting by August 15, 2026. One RSU grant provides for accelerated vesting after a change in control if certain termination conditions occur.
Does the GROV Form 4 mention accelerated vesting for Thomas Siragusa’s RSUs?
Yes. One RSU grant provides that installments will vest over 12 quarterly dates starting May 15, 2026, with accelerated vesting following a change in control if Siragusa is terminated without cause or resigns for good reason.
AI-generated analysis. How Rhea-AI works. Not financial advice.
