Yurcisin Jeffrey Michael 4

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.