Yurcisin Jeffrey Michael 4

What Happened

• Yurcisin Jeffrey Michael, President & CEO and a director of Grove Collaborative (GROV), had restricted stock units (RSUs) convert to common shares on 2026-02-15. A total of 68,291 RSUs vested and converted into shares.
• The company retained 20,660 of those shares to satisfy tax withholding obligations (a “sell-to-cover” style withholding) at a withholding rate of $1.52 per share, resulting in cash withheld of $31,403. Net new shares delivered to Yurcisin were 47,631.
• This was not an open-market purchase or a voluntary sale — it was issuance of shares upon RSU vesting (an award conversion).

Key Details

• Transaction date: 2026-02-15; Form 4 filed: 2026-02-19.
• Conversion amounts: 21,250; 2,500; and 44,541 RSUs converted (total 68,291). Shares withheld for taxes: 6,429; 757; and 13,474 (total 20,660) at $1.52/share (total ~$31,403).
• Net shares received by Yurcisin: 47,631 (68,291 converted minus 20,660 withheld).
• Shares owned after transaction: not disclosed in the provided filing.
• Footnotes: RSUs equal one share each (F1); withheld shares were retained by the company to meet tax withholding and were not in excess of the tax liability (F2). Vesting schedules and other RSU terms are described in the filing (F3–F6).
• Timeliness: Filing date is 2026-02-19 for a 2026-02-15 transaction (4 calendar days later). That may be beyond the SEC’s usual two-business-day Form 4 deadline; the filing doesn’t indicate a 10b5-1 plan or additional timing explanation in the provided data.

Context

• This transaction is a standard RSU vesting event with company withholding to cover taxes (commonly called “sell-to-cover” or share retention for tax withholding). That differs from an open-market purchase (which can signal added confidence) or a voluntary insider sale.
• RSU vesting and withholding are routine compensation events; they reflect pay realization rather than a directional trade by the insider.