Grove Collaborative (GROV) CEO Jeffrey Yurcisin Exercises RSUs; Shares Withheld

What Happened

• Jeffrey Michael Yurcisin, President & CEO and director of Grove Collaborative (GROV), had restricted stock units (RSUs) convert to 101,420 shares on August 15, 2026 (reported on a Form 4 filed Aug 18, 2026).
• Of those shares, the company withheld 24,697 shares to satisfy tax withholding obligations at $1.03 per share (total reported withheld ~$25,437), leaving a net delivery of 76,723 shares to Yurcisin.
• Transaction codes: M = exercise/conversion of a derivative (RSU conversion to stock); F = payment of tax liability via share withholding. This was vesting/award-related activity, not an open-market sale or purchase.

Key Details

• Transaction date: August 15, 2026. Form 4 filed August 18, 2026 (the filing is not marked in the provided data as late).
• Gross shares from conversions: 2,500 + 44,541 + 33,129 + 21,250 = 101,420 shares.
• Shares withheld for taxes: 609 + 10,846 + 8,067 + 5,175 = 24,697 shares; withholding rate reported as $1.03/share; cash value reported ~$25,437.
• Net shares delivered to insider: 101,420 − 24,697 = 76,723 shares.
• Shares owned after the transaction: not disclosed in the provided filing details.
• Relevant footnotes: F1 = each RSU converts to one share; F2 = company retained shares only to meet tax withholding and not in excess of the tax liability; F3–F7 = vesting schedules and acceleration provisions; F4 = RSUs have no expiration date.

Context

• This was a routine vesting/conversion of RSUs with company share withholding to cover taxes (a common cashless withholding method). That differs from an open‑market sale (S) or purchase (P) — it reflects compensation vesting rather than a decision to buy or sell stock for investment reasons.
• For retail investors: vesting/withholding events are normal executive compensation mechanics and are not necessarily a signal of bullish or bearish insider sentiment.