Siragusa Thomas 4

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.