Form 4: Grove Collaborative Holdings CFO Reports Stock Transactions

Sergio Cervantes, CFO of Grove Collaborative Holdings, reports acquisition and disposal of Class A Common Stock and Restricted Stock Units due to vesting and tax obligations.

Summary

• Sergio Cervantes, the Chief Financial Officer of Grove Collaborative Holdings, filed a Form 4 detailing changes in his beneficial ownership of the company's securities.
• On August 15, 2024, Cervantes acquired and disposed of Class A Common Stock and Restricted Stock Units (RSUs).
• The transactions involved the vesting of RSUs and the subsequent withholding of shares to cover tax obligations.
• Cervantes acquired shares through the vesting of RSUs, and simultaneously disposed of shares to satisfy tax withholding requirements at a price of $1.27 per share.
• After these transactions, Cervantes directly owns 223,404 shares of Class A Common Stock and varying amounts of RSUs with different vesting schedules.

Sentiment

Score: 5

Explanation: This is a routine filing related to executive compensation and does not inherently indicate positive or negative sentiment. It reflects standard corporate practices.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the CFO's transactions related to vested equity compensation.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the CFO's stock transactions.
• The transactions themselves are unlikely to have a significant impact on other stakeholders.

Key Dates