Giesler Gary Scott 4

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.