Form 4: Grove Collaborative Holdings Executive Chairman Stuart Landesberg Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Stuart Landesberg, Executive Chairman of Grove Collaborative Holdings, reports transactions involving Class A Common Stock and Restricted Stock Units, resulting in adjustments to his beneficial ownership.
Summary
- On February 15, 2025, Stuart Landesberg, the Executive Chairman of Grove Collaborative Holdings, filed a Form 4 to report changes in his beneficial ownership of the company's securities.
- The reported transactions include the vesting of Restricted Stock Units (RSUs) and the subsequent withholding of shares to cover tax obligations.
- Landesberg acquired shares through the vesting of RSUs and disposed of shares to satisfy tax withholding requirements at a price of $1.69 per share.
- Following these transactions, Landesberg directly owns 1,298,441 shares of Class A Common Stock and indirectly owns 123,558 shares through The Landesberg Living Trust.
- He also holds 151,235 Restricted Stock Units.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to monitor potential alignment of interests between management and shareholders.
Comparison to Industry Standards
- Form 4 filings are a standard regulatory requirement for publicly traded companies in the United States, ensuring transparency in insider trading activities.
- Similar filings are made by executives and directors of companies like Procter & Gamble (PG) and Unilever (UL) when they engage in transactions involving their company's stock.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
- It assures stakeholders that insider transactions are being monitored and reported as required by regulations.
Key Dates
| Date | Description |
|---|---|
| 2021-10-15 | Date of The Landesberg Living Trust |
| 2023-02-15 | Initial vesting date for some RSUs. |
| 2023-05-15 | Second vesting date for some RSUs, and initial vesting date for other RSUs. |
| 2025-02-15 | Date of reported transactions and final vesting date for some RSUs. |
| 2025-02-19 | Date of signature on the Form 4 filing. |
Keywords
Form 4, beneficial ownership, Stuart Landesberg, Grove Collaborative Holdings, GROV, Class A Common Stock, Restricted Stock Units, RSUs, executive chairman, insider trading
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.