Siragusa Thomas 4
4 · Grove Collaborative Holdings, Inc. · Filed Feb 19, 2026
Research Summary
AI-generated summary of this filing
Grove (GROV) CFO Siragusa Converts RSUs — 23,018 Shares Vest
What happened
Thomas Siragusa, Chief Financial Officer of Grove Collaborative (GROV), had multiple restricted stock units (RSUs) convert into 23,018 shares on February 15, 2026. To satisfy tax withholding obligations, the company retained 9,458 of those shares at $1.52 per share (totaling about $14,375), leaving the reporting person with a net 13,560 newly issued shares. The filing shows the RSU awards converted (derivative instruments terminated) and the withheld shares were surrendered to cover taxes.
Key Details
- Transaction date: February 15, 2026; Form 4 filed February 19, 2026 (reporting period: 2026-02-15).
- Gross shares issued on conversion/vesting: 23,018 shares.
- Shares withheld for tax (F): 9,458 shares at $1.52/share, reported cash value ≈ $14,375.
- Net shares received: 13,560 shares (23,018 − 9,458).
- Transaction codes: M = derivative exercise/conversion (RSU conversion), F = tax withholding (company retained shares).
- Footnotes: RSUs convert 1:1 to Class A common stock (F1); company withholding to satisfy tax liability (F2); RSUs vest on scheduled quarterly dates per the noted vesting schedules (F3–F7); RSUs have no expiration (F4).
- Shares owned after transaction: not specified in the provided excerpt.
Context
- This was not an open-market buy or sale; it was the scheduled vesting/conversion of RSUs and a customary share-withholding to satisfy tax obligations (a common form of "cashless" settlement). Such withholding is routine and does not necessarily signal a change in insider sentiment.
- For retail investors, purchases can be more informative than routine vesting, but tracking insider vesting patterns helps understand executive compensation dilution and insider holding changes.
Insider Transaction Report
Form 4
Transactions
- Exercise/Conversion
Class A Common Stock
[F1]2026-02-15+361→ 60,804 total - Tax Payment
Class A Common Stock
[F2]2026-02-15$1.52/sh−149$226→ 60,655 total - Exercise/Conversion
Class A Common Stock
[F1]2026-02-15+272→ 60,927 total - Tax Payment
Class A Common Stock
[F2]2026-02-15$1.52/sh−112$170→ 60,815 total - Exercise/Conversion
Class A Common Stock
[F1]2026-02-15+1,348→ 62,163 total - Tax Payment
Class A Common Stock
[F2]2026-02-15$1.52/sh−554$842→ 61,609 total - Exercise/Conversion
Class A Common Stock
[F1]2026-02-15+5,333→ 66,942 total - Tax Payment
Class A Common Stock
[F2]2026-02-15$1.52/sh−2,191$3,330→ 64,751 total - Exercise/Conversion
Class A Common Stock
[F1]2026-02-15+2,500→ 67,251 total - Tax Payment
Class A Common Stock
[F2]2026-02-15$1.52/sh−1,027$1,561→ 66,224 total - Exercise/Conversion
Class A Common Stock
[F1]2026-02-15+6,954→ 73,178 total - Tax Payment
Class A Common Stock
[F2]2026-02-15$1.52/sh−2,857$4,343→ 70,321 total - Exercise/Conversion
Class A Common Stock
[F1]2026-02-15+6,250→ 76,571 total - Tax Payment
Class A Common Stock
[F2]2026-02-15$1.52/sh−2,568$3,903→ 74,003 total - Exercise/Conversion
Restricted Stock Units
[F1][F3][F4]2026-02-15−361→ 0 total→ Class A Common Stock (361 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F5][F4]2026-02-15−272→ 544 total→ Class A Common Stock (272 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F6][F4]2026-02-15−1,348→ 5,398 total→ Class A Common Stock (1,348 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F6][F4]2026-02-15−5,333→ 31,999 total→ Class A Common Stock (5,333 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F6][F4]2026-02-15−2,500→ 17,500 total→ Class A Common Stock (2,500 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F7][F4]2026-02-15−6,954→ 55,633 total→ Class A Common Stock (6,954 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F6][F4]2026-02-15−6,250→ 68,750 total→ Class A Common Stock (6,250 underlying)
Footnotes (7)
- [F1]Each restricted stock unit ("RSU") represents a contingent right to receive one share of class A Common Stock
- [F2]These shares were retained by the Company in order to meet the tax withholding obligations of the award-holder in connection with the vesting of an installment of the restricted stock award. The amount retained by the Company was not in excess of the amount of the tax liability.
- [F3]These RSUs will vest in 16 equal installments on each February 15, May 15, August 15 and November 15 until becoming fully vested on February 15, 2026, subject to the Reporting Person's continued service with the Issuer through each applicable vesting date.
- [F4]The RSUs have no expiration date.
- [F5]These RSUs will vest in 16 equal installments on each February 15, May 15, August 15 and November 15 until becoming fully vested on August 15, 2026, subject to the Reporting Person's continued service with the Issuer through each applicable vesting date.
- [F6]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 with the first quarterly vesting date in the next calendar quarter following the Vesting Commencement Date.
- [F7]These RSUs will vest in 12 quarterly installments each February 15, May 15, August 15 and November 15 commencing on May 15, 2025, subject to the Reporting Person's continued service with the Issuer through each applicable vesting date.
Signature
/s/Barbara R Wallace, attorney-in-fact for Tom Siragusa|2026-02-19