Grove Collaborative (GROV) director reports 45,057 RSU share vesting
Rhea-AI Filing Summary
Grove Collaborative Holdings, Inc. (GROV)45,057 restricted stock units (RSUs), receiving an equal number of Class A common shares. To cover tax withholding obligations tied to this vesting event, the company retained 16,077 shares at a price of $1.47 per share, which reduced the number of shares the director kept. After these transactions, the director beneficially owned 1,497,654 Class A shares directly and 123,558 shares indirectly through The Landesberg Living Trust. Each RSU represents the right to receive one Class A share, and the RSU award vests in twelve equal installments each February 15, May 15, August 15 and November 15 beginning May 15, 2023, with accelerated vesting in certain change-of-control termination scenarios. The RSUs have no expiration date.
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FAQ
What insider transaction did Grove Collaborative (GROV) report in this Form 4?
The Form 4 reports that a director of Grove Collaborative Holdings, Inc. (GROV) exercised 45,057 restricted stock units (RSUs) on 11/17/2025, receiving the same number of Class A common shares.
How many Grove Collaborative (GROV) shares were withheld to cover taxes?
In connection with the RSU vesting, 16,077 Class A common shares were retained by the company to satisfy the director’s tax withholding obligations. The filing notes that this amount was not in excess of the tax liability.
How many Grove Collaborative (GROV) shares does the reporting person own after the transaction?
Following the reported transactions, the director beneficially owned 1,497,654 Class A common shares directly and an additional 123,558 shares indirectly through The Landesberg Living Trust, dated October 15, 2021.
What is a restricted stock unit (RSU) in the context of GROV’s Form 4?
The filing states that each restricted stock unit (RSU) represents a contingent right to receive one share of Class A common stock of Grove Collaborative Holdings, Inc.
What is the vesting schedule of the RSUs reported for Grove Collaborative (GROV)?
According to the footnotes, the RSUs vest in twelve equal installments on February 15, May 15, August 15 and November 15 of each year, beginning on May 15, 2023. Vesting accelerates after a change in control if the director is terminated without cause or resigns for good reason.
Do the Grove Collaborative (GROV) RSUs reported in this Form 4 have an expiration date?
The filing specifies that the RSUs have no expiration date, meaning they do not lapse based on a fixed end date but are governed by their vesting and service conditions.
How are some of the GROV shares held indirectly by the reporting person?
The Form 4 explains that 123,558 shares are held by The Landesberg Living Trust, dated October 15, 2021, for which the reporting person and spouse serve as co-trustees, resulting in indirect beneficial ownership.