Form 4: Grove Collaborative Holdings CEO Jeffrey Yurcisin Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Jeffrey Yurcisin, CEO of Grove Collaborative Holdings, filed a Form 4 detailing changes in his beneficial ownership of the company's Class A Common Stock due to RSU vesting and tax withholding.
Summary
- On May 15, 2025, Jeffrey Yurcisin, the President & CEO of Grove Collaborative Holdings, reported changes in his beneficial ownership of Class A Common Stock.
- These changes involve the vesting of Restricted Stock Units (RSUs) and the subsequent withholding of shares by the company to cover tax obligations.
- Yurcisin acquired 21,250 shares through RSU vesting, then disposed of 5,175 shares to cover tax obligations at a price of $1.19 per share.
- He acquired another 2,500 shares through RSU vesting, then disposed of 609 shares for tax obligations at $1.19 per share.
- He acquired another 44,541 shares through RSU vesting, then disposed of 10,846 shares for tax obligations at $1.19 per share.
- Following these transactions, Yurcisin directly owns 276,112 shares of Class A Common Stock.
- He also holds 489,951 RSUs.
Sentiment
Score: 5
Explanation: This is a routine filing related to stock options and tax obligations, and doesn't necessarily indicate positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the CEO's ongoing equity stake in the company.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the CEO's stock ownership.
Key Dates
| Date | Description |
|---|---|
| 05/15/2025 | Date of earliest transaction and multiple RSU vesting and tax withholding events. |
| 05/16/2025 | Date of signature for the Form 4 filing. |
| August 15, 2024 | Initial vesting date for some of the Restricted Stock Units. |
Keywords
Form 4, Beneficial Ownership, Grove Collaborative Holdings, Jeffrey Yurcisin, Class A Common Stock, Restricted Stock Units, RSU, Vesting, Tax Withholding
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