Form 4: Grove Collaborative Holdings CFO Sergio Cervantes Reports Stock Transactions

Sergio Cervantes, CFO of Grove Collaborative Holdings, reports the acquisition and disposal of Class A Common Stock and Restricted Stock Units on February 15, 2025, according to a Form 4 filing.

Summary

• Sergio Cervantes, the Chief Financial Officer of Grove Collaborative Holdings, filed a Form 4 detailing changes in beneficial ownership.
• On February 15, 2025, Cervantes engaged in multiple transactions involving Class A Common Stock and Restricted Stock Units (RSUs).
• These transactions included the acquisition of shares through the vesting of RSUs and the disposal of shares to cover tax withholding obligations.
• Specifically, Cervantes acquired 8,820, 25,347, 31,209 and 4,000 shares of Class A Common Stock through RSU vesting.
• Simultaneously, Cervantes disposed of 4,322, 12,420, 15,293 and 1,960 shares of Class A Common Stock at a price of $1.69 to satisfy tax obligations.
• Following these transactions, Cervantes directly owns 297,667 shares of Class A Common Stock.
• Cervantes also holds 44,103, 202,770, 62,425 and 8,000 Restricted Stock Units.
• The RSUs vest over time, with some vesting quarterly and others subject to accelerated vesting upon a change in control under certain conditions.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing reflects routine transactions related to executive compensation and tax obligations.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders as they primarily reflect internal compensation adjustments.

Key Dates

Keywords

Form 4, insider trading, Sergio Cervantes, Grove Collaborative Holdings, GROV, Class A Common Stock, Restricted Stock Units, beneficial ownership, CFO