Grove Collaborative Holdings, Inc. director Naytri Shroff exercised restricted stock units into Class A Common Stock. The Form 4 shows the exercise of 59,200 shares of Class A Common Stock at a stated price of $0.00 per share.
Following this non‑cash, compensation-related exercise, Shroff directly holds 198,839 shares of Class A Common Stock. The filing does not report any open‑market purchases or sales, only the derivative exercise of restricted stock units into common shares.
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.
Grove Collaborative Holdings, Inc. Chief Legal Officer and Secretary Gary Scott Giesler reported routine equity compensation activity in the form of restricted stock unit vesting. On May 15, 2026, he exercised RSUs to acquire 44,275 shares of Class A Common Stock in several transactions.
To cover related tax obligations, the company retained a total of 15,955 shares at a price of $1.24 per share, recorded as tax-withholding dispositions rather than open-market sales. Following these transactions, Giesler directly held 146,345 shares of Class A Common Stock, and 15,000 RSUs remained outstanding and unexpired.
Grove Collaborative Holdings director Kathryn Low Anderson reported acquiring 37,417 shares of Class A Common Stock through the exercise of restricted stock units (RSUs). After this transaction, she directly holds 37,417 Class A shares and 74,833 RSUs, all at a stated price of $0.00 per unit.
Each RSU represents one share of Class A Common Stock. The award is scheduled to vest in three equal installments tied to the earlier of specific dates or the company’s annual stockholder meetings in 2026, 2027, and 2028, and the RSUs have no expiration date.
Grove Collaborative Holdings, Inc. reported first-quarter 2026 net revenue of $36.2 million, down from $43.5 million a year earlier, reflecting lower order volumes after reduced advertising and prior ecommerce platform disruptions. Net loss narrowed sharply to $1.0 million from $3.5 million as operating expenses fell, including fulfillment and advertising.
Gross margin improved to 55% from 53%, and Adjusted EBITDA turned positive at $0.3 million, or a 0.8% margin, compared with a $1.6 million loss last year. The company ended March 31, 2026 with $7.2 million in cash and cash equivalents and total debt of $7.5 million under its Siena Revolver, leaving $1.7 million of additional borrowing capacity.
DTC Total Orders declined to 502,000 from 622,000, and DTC Active Customers fell to 553,000 from 678,000, but DTC Net Revenue Per Order edged up to $67.79 from $66.49 on more targeted promotions and higher-priced baskets. Management states that existing cash and the Siena Revolver should fund operations for at least one year, but over the longer term the company expects to need additional debt or equity financing. The notes also disclose an ongoing investigation by a California district attorneys’ task force into certain marketing and renewal practices, for which a loss is considered probable but not yet reasonably estimable.
Grove Collaborative Holdings, Inc. reported first quarter 2026 net revenue of $36.2 million, down 16.8% year-over-year, but delivered positive Adjusted EBITDA of $0.3 million with a 0.8% margin. Net loss narrowed to $1.0 million from $3.5 million a year earlier, reflecting lower operating expenses and higher gross margin of 54.8%, up 180 basis points.
Operating cash flow improved to a $0.7 million outflow from $6.9 million, while cash, cash equivalents and restricted cash totaled $10.4 million as of March 31, 2026. Direct-to-consumer total orders fell 19.2% and active customers declined 18.5%, but net revenue per order rose 2.0% to $67.79 and plastic intensity improved to 0.84 pounds per $100 in net revenue.
The company raised full‑year 2026 net revenue guidance to a range of $142.5 million to $152.5 million and now expects Adjusted EBITDA between breakeven and positive low single‑digit millions, reiterating that first quarter 2026 marked the expected net revenue trough with sequential improvement anticipated for the remaining quarters of 2026.
Grove Collaborative Holdings, Inc. has called its 2026 annual stockholder meeting for June 18, 2026 at 8:00 a.m. Pacific Time as a virtual-only event. Stockholders will vote on electing three Class I directors to terms running to the 2029 meeting and on ratifying Baker Tilly US, LLP as independent auditor for the year ending December 31, 2026.
Holders of 42,028,075 shares of Class A common stock, 10,000 shares of Series A Preferred Stock and 15,000 shares of Series A' Preferred Stock outstanding as of April 24, 2026 may vote together as a single class, with preferred shares carrying high vote multiples. A majority of the combined 54,528,172 votes is needed for quorum.
The proxy details board structure, committee roles and 2025 compensation. Chief Executive Officer Jeff Yurcisin received $1,307,110 in 2025 total compensation, primarily from restricted stock units, while no annual bonuses were paid under the 2025 incentive plan because revenue and adjusted EBITDA targets were not met. The filing also discloses director retainers and extensive equity-based incentives, including RSUs and PSUs with stock-price hurdles.
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.
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.
Grove Collaborative Holdings, Inc. reports that it has regained compliance with the New York Stock Exchange’s quantitative continued listing standard. The NYSE notified the company that, as of March 17, 2026, it meets the minimum market capitalization and stockholders’ equity requirements of Section 802.01B of the NYSE Listed Company Manual.