Grove Collaborative (GROV) director converts 59,200 RSUs into Class A shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Grove Collaborative Holdings director Kristine E. Miller exercised restricted stock units into common shares. On May 15, 2026, she acquired 59,200 shares of Class A Common Stock at a price of $0.00 per share through a derivative exercise, bringing her direct holdings to 198,839 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
59,200 shares exercised/converted
Mixed
2 txns
Insider
Miller Kristine E
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 59,200 | $0.00 | -- |
| Exercise | Class A Common Stock | 59,200 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct, null);
Class A Common Stock — 198,839 shares (Direct, null)
Footnotes (1)
- Each restricted stock unit ("RSU") represents a contingent right to receive one share of class A Common Stock These RSUs will fully vest on the earlier of May 15, 2026 or the date of the 2026 Annual Meeting of Stockholders. The RSUs have no expiration date.
Key Figures
Shares acquired via RSU exercise: 59,200 shares
Price per share on exercise: $0.00 per share
Shares held after transaction: 198,839 shares
+2 more
5 metrics
Shares acquired via RSU exercise
59,200 shares
Class A Common Stock acquired on May 15, 2026
Price per share on exercise
$0.00 per share
Stated transaction price for RSU conversion
Shares held after transaction
198,839 shares
Total Class A Common Stock directly owned after exercise
RSUs converted
59,200 RSUs
Restricted Stock Units exercised into common shares
Derivative transactions count
1 derivative transaction
RSU exercise reported in Form 4
Key Terms
Restricted Stock Units, Class A Common Stock, derivative security, restricted stock unit ("RSU")
4 terms
Restricted Stock Units financial
"The data show 59,200 restricted stock units exercised and a total of zero derivative shares"
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.
Class A Common Stock financial
"She acquired 59,200 shares of Class A Common Stock at a price of $0.00 per share"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
derivative security financial
"The Form 4 reflects a derivative exercise, where 59,200 restricted stock units converted"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
restricted stock unit ("RSU") financial
"Each restricted stock unit ("RSU") represents a contingent right to receive one share"
FAQ
What insider transaction did GROV director Kristine Miller report?
Kristine E. Miller reported exercising restricted stock units into Class A Common Stock. She acquired 59,200 shares at a stated price of $0.00 per share, reflecting settlement of equity compensation rather than an open-market purchase or sale.
What derivative security did Kristine Miller convert into GROV common stock?
Kristine E. Miller converted 59,200 Restricted Stock Units into Class A Common Stock. Each RSU represented a contingent right to receive one share, and the units were settled at a stated exercise or conversion price of $0.00 per unit.
Does this GROV Form 4 show any remaining derivative holdings for Kristine Miller?
The data show 59,200 restricted stock units exercised and a total of zero derivative shares following the transaction. This indicates the reported RSU position was fully settled into Class A Common Stock in this Form 4 event.