4//SEC Filing
VIECO INVESTMENTS LTD 4
Accession 0000950157-23-001120
CIK 0001841761other
Filed
Nov 2, 8:00 PM ET
Accepted
Nov 3, 4:20 PM ET
Size
20.1 KB
Accession
0000950157-23-001120
Insider Transaction Report
Form 4
VIECO INVESTMENTS LTD
10% Owner
Transactions
- Other
Class A Common Stock
2023-11-01−4,533,841→ 0 total(indirect: See footnote) - Other
Warrants
2023-11-01−775,005→ 0 total(indirect: See footnote)Exercise: $0.05From: 2022-06-16Exp: 2027-06-16→ Class A Common Stock (775,005 underlying) - Other
Warrants
2023-11-01−1,340,000→ 0 total(indirect: See footnote)Exercise: $57.50From: 2022-07-16Exp: 2027-06-16→ Class A Common Stock (1,340,000 underlying)
Footnotes (6)
- [F1]On November 1, 2023, Vieco Investments Limited ("Vieco") transferred all of its membership interests in Virgin Group Acquisition Sponsor II LLC ("Sponsor") to Corvina Holdings Limited ("Corvina"). The aggregate beneficial ownership of the securities of the Issuer held by Sponsor and Corvina is unchanged as a result of these transactions. This Form 4 is being filed to report that Vieco is no longer a beneficial owner of securities of the Issuer.
- [F2]Reflects a 1-for-5 reverse stock split of the Issuer's common stock, effective after market close on June 5, 2023.
- [F3]Consists of (i) 1,994,500 shares of Class A Common Stock owned of record by Sponsor and (ii) 2,539,341 shares of Class A Common Stock owned of record by Corvina.
- [F4]Corvina is the sole managing member and manager of Sponsor and holds an economic interest therein. Corvina is wholly owned by Virgin Group Holdings Limited ("VGHL"). BFT (PTC) Limited ("PTC"), in its capacity as trustee of trusts for the benefit of members of Sir Richard Branson's family and related philanthropic causes, is the sole holder of voting shares of VGHL. Under the terms of the trusts, BFT CLG (PTC) Limited has certain consent rights with respect to the exercise by PTC of its control over VGHL. As a result, each of the foregoing entities may be deemed to share beneficial ownership of the shares held by Sponsor and Corvina. Mr. Branson indirectly has the ability to control the appointment and removal of the management of VGHL and, as such, may be deemed to indirectly control the decisions of VGHL, regarding the voting and disposition of securities held by VGHL. Therefore, Mr. Branson may be deemed to have indirect beneficial ownership of the shares held by Sponsor and Corvina.
- [F5]Consists of 775,000 shares of Class A Common Stock underlying 3,875,028 warrants owned of record by Corvina.
- [F6]Consists of 1,340,000 shares of Class A Common Stock underlying 6,700,000 warrants owned of record by Sponsor.
Documents
Issuer
Grove Collaborative Holdings, Inc.
CIK 0001841761
Entity typeother
IncorporatedVirgin Islands, British
Related Parties
1- filerCIK 0001734533
Filing Metadata
- Form type
- 4
- Filed
- Nov 2, 8:00 PM ET
- Accepted
- Nov 3, 4:20 PM ET
- Size
- 20.1 KB