Giesler Gary Scott 4
4 · Grove Collaborative Holdings, Inc. · Filed May 19, 2026
Research Summary
AI-generated summary of this filing
Grove (GROV) CLO Gary Giesler Receives RSUs; Shares Withheld
What Happened
- Gary Scott Giesler, Chief Legal Officer and Secretary of Grove Collaborative (GROV), had restricted stock units (RSUs) convert/exercise on May 15, 2026. A total of 44,275 shares were issued on conversion. To satisfy tax withholding, the company retained (disposed) 15,955 of those shares at $1.24 per share, totaling $19,784. This was a vesting/cashless-withholding event—not an open‑market sale or purchase.
Key Details
- Transaction date: May 15, 2026. Form 4 filed May 19, 2026 (timely).
- Converted/exercised (acquired) shares: 44,275 (breakdown in filing: 2,500; 19,160; 6,954; 4,167; 11,494).
- Shares withheld for taxes (disposed): 15,955 shares at $1.24/share, proceeds indicated $19,784 total.
- Filing codes: M = exercise/conversion of derivative (RSU conversion); F = payment of tax liability (share withholding).
- Footnotes: F1 confirms each RSU = right to one Class A share; F2 notes the company retained shares solely to meet tax withholding and not in excess of the tax liability; other footnotes describe the award’s quarterly vesting schedule and that RSUs have no expiration.
- Shares owned after the transaction are not specified in the provided excerpt of the filing.
Context
- This is a routine vesting and sell‑to‑cover (tax withholding) transaction: the company retained a portion of vested RSUs to satisfy tax obligations rather than Giesler selling shares on the open market. Such transactions are common when equity awards vest and do not necessarily signal insider buying or selling intent.
Insider Transaction Report
Form 4
Giesler Gary Scott
Chief Legal Officer, Secretary
Transactions
- Exercise/Conversion
Class A Common Stock
[F1]2026-05-15+2,500→ 146,345 total - Tax Payment
Class A Common Stock
[F2]2026-05-15$1.24/sh−895$1,110→ 145,450 total - Exercise/Conversion
Class A Common Stock
[F1]2026-05-15+19,160→ 164,610 total - Tax Payment
Class A Common Stock
[F2]2026-05-15$1.24/sh−6,967$8,639→ 157,643 total - Exercise/Conversion
Class A Common Stock
[F1]2026-05-15+6,954→ 164,597 total - Tax Payment
Class A Common Stock
[F2]2026-05-15$1.24/sh−2,489$3,086→ 162,108 total - Exercise/Conversion
Class A Common Stock
[F1]2026-05-15+4,167→ 166,275 total - Tax Payment
Class A Common Stock
[F2]2026-05-15$1.24/sh−1,491$1,849→ 164,784 total - Exercise/Conversion
Class A Common Stock
[F1]2026-05-15+11,494→ 176,278 total - Tax Payment
Class A Common Stock
[F2]2026-05-15$1.24/sh−4,113$5,100→ 172,165 total - Exercise/Conversion
Restricted Stock Units
[F1][F3][F4]2026-05-15−2,500→ 15,000 total→ Class A Common Stock (2,500 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F5][F4]2026-05-15−19,160→ 19,040 total→ Class A Common Stock (19,160 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F6][F4]2026-05-15−6,954→ 48,679 total→ Class A Common Stock (6,954 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F7][F4]2026-05-15−4,167→ 37,500 total→ Class A Common Stock (4,167 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F8][F4]2026-05-15−11,494→ 126,437 total→ Class A Common Stock (11,494 underlying)
Footnotes (8)
- [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]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 February 15, 2025.
- [F4]The RSUs have no expiration date.
- [F5]40% of the shares subject to the Award vested on February 15, 2025, with 10% of the shares subject to the Award vesting thereafter on 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 May 15, 2025.
- [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 May 15, 2025.
- [F7]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 November 15, 2025.
- [F8]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 May 15, 2026.
Signature
/s/ Barbara R. Wallace, attorney-in-fact for Scott Giesler|2026-05-19