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Grove Collaborative Holdings, Inc.·4

May 19, 7:27 PM ET

Yurcisin Jeffrey Michael 4

4 · Grove Collaborative Holdings, Inc. · Filed May 19, 2026

Research Summary

AI-generated summary of this filing

Updated

Grove (GROV) CEO Jeffrey Yurcisin Receives RSUs; Shares Withheld

What Happened

  • Jeffrey Michael Yurcisin, President & CEO of Grove Collaborative Holdings, converted a series of restricted stock units (RSUs) into 101,421 shares on May 15, 2026. The conversion entries are reported as "M" (exercise/conversion of derivative).
  • To satisfy tax withholding on the vesting, the company retained (disposed) 24,698 of those shares at $1.24 per share, generating approximately $30,625 in withholding proceeds (reported as "F" transactions).
  • This was not an open-market sale or purchase by the insider; it reflects RSU vesting and routine share-withholding to cover taxes.

Key Details

  • Transaction date: May 15, 2026 (filed May 19, 2026). Filing is within the required two business days and is timely.
  • Shares converted (acquired): 101,421 total (21,250 + 2,500 + 44,541 + 33,130).
  • Shares withheld (disposed) for taxes: 24,698 total (5,175 + 609 + 10,846 + 8,068) at $1.24/share, total ~ $30,625.
  • Price for converted RSUs: N/A (RSUs convert to shares; value depends on market price at time of conversion).
  • Shares owned after transaction: Not specified in the filing.
  • Relevant footnotes: F1 (each RSU = one share), F2 (company retained shares to meet tax withholding, not exceeding liability), plus vesting schedules and terms in F3–F7 describing timing and vesting mechanics for the awards.
  • Transaction codes: M = exercise/conversion of derivative (RSU conversion); F = payment of exercise price or tax liability (share withholding).

Context

  • This is a routine RSU vesting and net-share settlement for taxes (company withheld shares rather than a cash tax payment). It is not a sale indicating a change in insider sentiment.
  • For retail investors: RSU conversions increase the insider's reported share count but withholdings reduce the net new shares delivered; such filings are common and typically reflect compensation vesting rather than active buying or selling.

Insider Transaction Report

Form 4
Period: 2026-05-15
Grove Collaborative Holdings, Inc.GROV
Yurcisin Jeffrey Michael
DirectorPresident & CEO
Transactions
  • Exercise/Conversion

    Class A Common Stock

    [F1]
    2026-05-15+21,250→ 583,276 total
  • Tax Payment

    Class A Common Stock

    [F2]
    2026-05-15$1.24/sh−5,175$6,417→ 578,101 total
  • Exercise/Conversion

    Class A Common Stock

    [F1]
    2026-05-15+2,500→ 580,601 total
  • Tax Payment

    Class A Common Stock

    [F2]
    2026-05-15$1.24/sh−609$755→ 579,992 total
  • Exercise/Conversion

    Class A Common Stock

    [F1]
    2026-05-15+44,541→ 624,533 total
  • Tax Payment

    Class A Common Stock

    [F2]
    2026-05-15$1.24/sh−10,846$13,449→ 613,687 total
  • Exercise/Conversion

    Class A Common Stock

    [F1]
    2026-05-15+33,130→ 646,817 total
  • Tax Payment

    Class A Common Stock

    [F2]
    2026-05-15$1.24/sh−8,068$10,004→ 638,749 total
  • Exercise/Conversion

    Restricted Stock Units

    [F1][F3][F4]
    2026-05-15−21,250→ 106,250 total
    → Class A Common Stock (21,250 underlying)
  • Exercise/Conversion

    Restricted Stock Units

    [F1][F5][F4]
    2026-05-15−2,500→ 15,000 total
    → Class A Common Stock (2,500 underlying)
  • Exercise/Conversion

    Restricted Stock Units

    [F1][F6][F4]
    2026-05-15−44,541→ 311,787 total
    → Class A Common Stock (44,541 underlying)
  • Exercise/Conversion

    Restricted Stock Units

    [F1][F7][F4]
    2026-05-15−33,130→ 364,422 total
    → Class A Common Stock (33,130 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 vest 25% on August 15, 2024, and then in twelve equal quarterly installments thereafter, 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 quarterly installments each February 15, May 15, August 15 and November 15 commencing on May 15, 2024, subject to the Reporting Person's continued service with the Issuer through each applicable vesting date.
  • [F6]These RSUs will vest in twelve equal installments on each 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 on May 15, 2025, with accelerated vesting following a change in control if the Reporting Person's services are terminated by the Issuer without cause or the Reporting Person resigns for good reason.
  • [F7]These RSUs will vest in twelve equal installments on each 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 on May 15, 2026, with accelerated vesting following a change in control if the Reporting Person's services are terminated by the Issuer without cause or the Reporting Person resigns for good reason.
Signature
/s/ Barbara Wallace, Attorney-in-Fact for Jeffrey Yurcisin|2026-05-19

Documents

1 file
  • 4
    form4.xmlPrimary

    PRIMARY DOCUMENT