[Form 3] Grove Collaborative Holdings, Inc. Initial Statement of Beneficial Ownership
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Grove Collaborative Holdings, Inc. reported initial equity holdings for Chief Technical Officer Keith M. Davey on a Form 3. He holds restricted stock units tied to 117,734 shares of Class A Common Stock, with an exercise price of $0.00 per share.
According to the vesting schedule, one-fourth of these RSUs vest on November 15, 2026, and one-sixteenth of the award vests on each standard quarterly vesting date starting February 15, 2027. Each RSU represents the contingent right to receive one share of Class A Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Davey Keith M
Role
Chief Technical Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Restricted Stock Units | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 117,734 shares (Direct)
Footnotes (1)
- 1/4th of the shares subject to the Award shall vest on November 15, 2026, with 1/16 of the shares subject to the Award vesting thereafter on 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 February 15, 2027. The RSUs have no expiration date. Each restricted stock unit ("RSU") represents a contingent right to receive one share of class A Common Stock
Key Figures
RSU underlying shares: 117,734 shares
Exercise price: $0.00 per share
Initial vesting tranche: 25% of award
+1 more
4 metrics
RSU underlying shares
117,734 shares
Underlying Class A Common Stock reported on Form 3
Exercise price
$0.00 per share
RSUs conversion/exercise price
Initial vesting tranche
25% of award
Vests on November 15, 2026
Subsequent vesting
1/16 of award
Vests on each quarterly date starting February 15, 2027
Key Terms
Restricted Stock Units, Class A Common Stock, vesting, Standard Quarterly Vesting Dates, +1 more
5 terms
Restricted Stock Units financial
"security_title: "Restricted Stock Units""
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
"underlying_security_title: "Class A Common Stock""
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.
vesting financial
"1/4th of the shares subject to the Award shall vest on November 15, 2026"
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.
Standard Quarterly Vesting Dates financial
"on the Company's Standard Quarterly Vesting Dates (February 15th, May 15th, August 15th and November 15th of each year"
contingent right financial
"Each restricted stock unit ("RSU") represents a contingent right to receive one share of class A Common Stock"
FAQ
What does Grove Collaborative (GROV) disclose about Keith M. Davey’s equity on this Form 3?
The filing shows Chief Technical Officer Keith M. Davey holds restricted stock units linked to 117,734 shares of Class A Common Stock. This is an initial ownership report, not a new buy or sell transaction, establishing his starting equity position as an officer.
What is the vesting schedule for Keith M. Davey’s Grove (GROV) restricted stock units?
One-fourth of the RSUs vest on November 15, 2026. After that, one-sixteenth of the award vests on the company’s standard quarterly vesting dates beginning February 15, 2027, gradually delivering shares over time if service-based conditions are satisfied.
Do Keith M. Davey’s Grove (GROV) RSUs have an expiration date?
The RSUs have no expiration date, according to the footnotes. Instead of expiring on a set day, they convert into shares of Class A Common Stock as they vest over time, subject to the company’s standard award terms and continued service requirements.
What does each RSU reported by Grove Collaborative (GROV) represent?
Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock. This means the units are not shares immediately but convert into stock over time as vesting conditions are met, aligning compensation with the company’s long-term performance.