Grove (GROV) Chief Legal Officer reports Class A stock and RSU holdings
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Grove Collaborative Holdings, Inc. Chief Legal Officer and Secretary Gary Scott Giesler filed an initial ownership report showing his equity position. The filing lists direct holdings of 143,845 shares of Class A Common Stock and multiple Restricted Stock Unit (RSU) awards, each RSU representing a contingent right to one share of Class A Common Stock. These RSUs cover 38,200, 17,500, 55,633, 41,667, and 137,931 underlying shares, with an exercise price of $0.00 and vesting in installments on the company’s standard quarterly vesting dates beginning in 2025 and 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
6 transactions reported
Mixed
6 txns
Insider
Giesler Gary Scott
Role
Chief Legal Officer, Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 38,200 shares (Direct);
Class A Common Stock — 143,845 shares (Direct)
Footnotes (1)
- 40% of the shares subject to the Award vested on February 15, 2025, with 10% 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 May 15, 2025. The RSUs have no expiration date. Each restricted stock unit ("RSU") represents a contingent right to receive one share of class A Common Stock 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 February 15, 2025. 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 May 15, 2025. 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 November 15, 2025. 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 May 15, 2026.
Key Figures
Direct Class A Common Stock: 143,845 shares
RSU underlying shares: 38,200 shares
RSU underlying shares: 17,500 shares
+4 more
7 metrics
Direct Class A Common Stock
143,845 shares
Total shares directly held after reported holdings
RSU underlying shares
38,200 shares
Restricted Stock Units, Class A Common Stock underlying
RSU underlying shares
17,500 shares
Restricted Stock Units, Class A Common Stock underlying
RSU underlying shares
55,633 shares
Restricted Stock Units, Class A Common Stock underlying
RSU underlying shares
41,667 shares
Restricted Stock Units, Class A Common Stock underlying
RSU underlying shares
137,931 shares
Restricted Stock Units, Class A Common Stock underlying
RSU exercise price
$0.00 per share
Exercise price for RSUs converting to Class A Common Stock
Key Terms
Restricted Stock Units, Class A Common Stock, Standard Quarterly Vesting Dates, contingent right
4 terms
Restricted Stock Units financial
"security_title: "Restricted Stock Units" and footnote describing each RSU"
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" and direct stock holding entry"
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.
Standard Quarterly Vesting Dates financial
"1/12th of the shares subject to the Award shall vest on each of the Company's Standard Quarterly Vesting Dates"
contingent right financial
"Each restricted stock unit ("RSU") represents a contingent right to receive one share of class A Common Stock"
FAQ
What does the GROV Form 3 filing by Gary Scott Giesler report?
The Form 3 reports Gary Scott Giesler’s initial beneficial ownership in Grove Collaborative. It shows direct holdings of Class A Common Stock and several RSU awards that can convert into shares over time according to specified vesting schedules.
What RSU awards are disclosed for Gary Scott Giesler in the GROV Form 3?
The filing lists RSU awards over 38,200, 17,500, 55,633, 41,667, and 137,931 underlying shares of Class A Common Stock. Each RSU represents a contingent right to receive one share if vesting conditions are satisfied.
How do Gary Scott Giesler’s RSUs in Grove (GROV) vest over time?
Footnotes state portions of the RSU awards vest on the company’s Standard Quarterly Vesting Dates—February 15, May 15, August 15, and November 15—starting on specific dates in 2025 and 2026, provided scheduled dates are business days.
Do Gary Scott Giesler’s Grove (GROV) RSUs have an expiration date or exercise price?
The RSUs have no expiration date, and the exercise price is listed as $0.00. Each RSU simply converts into one share of Class A Common Stock once it vests under the award’s terms.