Grove Collaborative Holdings, Inc. (GROVW) SEC Filings, Jun-Aug 2026

Grove Collaborative Holdings, Inc. (GROV) reported multiple equity award transactions for Chief Legal Officer and Secretary Gary Scott Giesler on August 15, 2026. Several Restricted Stock Units converted into an aggregate of Class A Common Stock, and the company withheld a portion of the newly issued shares to cover associated tax withholding obligations at a reported price of $1.03 per share. The RSU footnotes describe quarterly vesting schedules beginning in 2025 and 2026 and clarify that each RSU represents a contingent right to receive one share of Class A Common Stock and that the RSUs have no expiration date.

Grove Collaborative Holdings, Inc. (GROV) reports that officer Gary Scott Giesler holds 38,320 Restricted Stock Units (RSUs), each representing one share of Class A Common Stock. Footnotes state that 40% of the shares subject to this RSU award vested on February 15, 2025, with 10% vesting on each standard quarterly vesting date thereafter beginning May 15, 2025. The RSUs have no expiration date. The reported amount reflects a 120‑share increase compared with the number of shares previously reported on the original Form 3.

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.

Grove Collaborative Holdings, Inc. (GROV) reported that President & CEO Jeffrey Michael Yurcisin exercised and settled restricted stock units (RSUs) into Class A Common Stock on August 15, 2026. A total of 101,420 RSUs, each representing one share of Class A Common Stock, were converted into an equal number of shares as scheduled vesting installments under multiple RSU awards. In connection with these vestings, the company withheld 24,697 shares of Class A Common Stock at $1.03 per share to satisfy Mr. Yurcisin’s tax withholding obligations, with the amount retained stated as not in excess of the related tax liability.

Grove Collaborative Holdings, Inc. reported that on August 7, 2026 it received a notice from the New York Stock Exchange stating that it is not in compliance with Section 802.01B of the NYSE Listed Company Manual, which requires an average global market capitalization of at least $50 million over a consecutive 30 trading-day period and stockholders’ equity of at least $50 million. The company must submit a business plan within 45 days showing how it expects to regain compliance within a nine‑month Cure Period. The notice has no immediate impact on the listing of Grove’s Class A common stock, and the shares are expected to continue trading on the NYSE while the company prepares and submits its plan, subject to ongoing compliance with other NYSE continued listing standards. If Grove does not submit an acceptable plan, the NYSE could initiate delisting proceedings.

Grove Collaborative Holdings, Inc. reported Q2 2026 net revenue of $36.6 million, down from $44.0 million a year earlier, with a net loss of $0.9 million versus $3.6 million. Gross profit was $19.6 million. Adjusted EBITDA turned positive at $0.5 million, compared with a $0.9 million loss.

For the first six months of 2026, revenue was $72.8 million and net loss $1.9 million. Cash and cash equivalents were $8.3 million (total cash and restricted cash $11.4 million), and Siena Revolver borrowings totaled $7.5 million. The company has a stockholders’ deficit of $17.5 million and $24.8 million of redeemable convertible preferred stock outstanding. Management believes existing liquidity and revolver availability will fund operations for at least one year, but over the longer term expects to raise additional debt or equity capital. Direct-to-consumer metrics weakened: DTC Total Orders were 489 thousand and DTC Active Customers 509 thousand, both below prior-year levels, while DTC Net Revenue Per Order increased to $69.19. A California multi‑district attorney task force is reviewing the company’s subscription practices; a loss is considered probable, though the amount is not yet estimated.

Grove Collaborative Holdings reported fiscal second-quarter 2026 results with net revenue of $36.6 million, down 16.9% year-over-year but up 1.0% sequentially. Gross margin was 53.6%. Operating expenses fell to $20.4 million, a 27.0% decline, reducing net loss to $0.9 million, a net loss margin of 2.5%.

Adjusted EBITDA was positive $0.5 million with a 1.3% margin, the third consecutive positive quarter, and operating cash flow was $1.3 million. Cash, cash equivalents and restricted cash totaled $11.4 million at June 30, 2026. DTC orders and active customers fell more than 23% year-over-year, while DTC net revenue per order rose 6.1% to $69.19. Plastic Intensity improved to 0.84 pounds of plastic per $100 in net revenue from 0.93 pounds.

For 2026, the company reaffirmed full‑year net revenue guidance of approximately $142.5 million to $152.5 million and Adjusted EBITDA of breakeven to positive low single‑digit millions, and continues to expect sequential net revenue improvement in each remaining quarter of 2026.

Grove Collaborative Holdings, Inc. reported that Chief Financial Officer and Principal Financial Officer Tom Siragusa has given notice of his intention to resign to pursue another opportunity. He will continue in his role until August 16, 2026, while the company conducts a search for a successor. The company stated that his departure is not due to any disagreement over operations, policies, or financial reporting.

The company also held its 2026 annual meeting of stockholders on June 18, 2026. Class I directors Larry Cheng, Stuart Landesberg, and Kristine Miller were elected to serve until the 2029 annual meeting. Stockholders additionally ratified the appointment of Baker Tilly US, LLP as independent registered public accounting firm for the fiscal year ending December 31, 2026.

Grove Collaborative Holdings, Inc. director John B. Replogle exercised derivative positions that converted 12,488 shares of Class B common stock into the same number of Class A common shares on February 14, 2025. These are reported as derivative exercises/conversions, not open‑market purchases or sales.

Following the transactions, he directly holds 577,385 Class A shares and has an additional 58 Class A shares held indirectly through Replogle Family LLC. The converted shares remain subject to earnout price conditions tied to the Class A share VWAP milestones described in the company’s merger agreement.