Grove Collaborative (GROV) director exercises RSUs, receives 59,200 shares
Rhea-AI Filing Summary
Grove Collaborative Holdings, Inc. director Naytri Shroff exercised restricted stock units into Class A Common Stock. The Form 4 shows the exercise of 59,200 shares of Class A Common Stock at a stated price of $0.00 per share.
Following this non‑cash, compensation-related exercise, Shroff directly holds 198,839 shares of Class A Common Stock. The filing does not report any open‑market purchases or sales, only the derivative exercise of restricted stock units into common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 59,200 | $0.00 | -- |
| Exercise | Class A Common Stock | 59,200 | $0.00 | -- |
Footnotes (1)
- Each restricted stock unit ("RSU") represents a contingent right to receive one share of class A Common Stock These RSUs will fully vest on the earlier of May 15, 2026 or the date of the 2026 Annual Meeting of Stockholders. The RSUs have no expiration date.
Key Figures
Key Terms
Restricted Stock Units financial
Class A Common Stock financial
derivative security financial
Exercise or conversion of derivative security financial
FAQ
What insider transaction did Grove Collaborative (GROV) disclose in this Form 4?
The Form 4 shows director Naytri Shroff exercised restricted stock units into 59,200 shares of Class A Common Stock. This was a derivative exercise, not an open‑market trade, and reflects equity compensation being converted into common shares.
Was the Grove Collaborative (GROV) Form 4 a stock purchase or sale?
The Form 4 does not report any open‑market purchases or sales. It records a derivative exercise, where restricted stock units were converted into 59,200 shares of Class A Common Stock as part of equity compensation.
What type of security did the Grove Collaborative (GROV) director exercise?
The director exercised Restricted Stock Units (RSUs), each representing a contingent right to receive one share of Class A Common Stock. In this transaction, 59,200 RSUs were converted into an equal number of common shares.
Do the Grove Collaborative (GROV) RSUs in this Form 4 have an expiration date?
The footnotes state that these restricted stock units have no expiration date. They represent a contingent right to receive one share of Class A Common Stock for each unit under the applicable vesting terms.
What does transaction code "M" mean in the Grove Collaborative (GROV) Form 4?
Transaction code "M" in this Form 4 indicates an exercise or conversion of a derivative security. Here, it reflects the conversion of restricted stock units into 59,200 shares of Grove Collaborative Class A Common Stock.