secwatch.observer — SEC 8-K summary
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Issuer:     Grove Collaborative Holdings, Inc. (GROV)
CIK:        0001841761
Form:       8-K
Filed at:   2024-12-26T23:59:59+00:00
Accession:  0001628280-24-052428
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Grove Collaborative announces departure of Executive Chair and CTO
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- Stuart Landesberg steps down as Executive Chair effective Feb 17, 2025, becomes non-employee Board Chair.
- Landesberg will receive non-employee director compensation; equity awards continue vesting, with full acceleration on termination without cause.
- CTO Chris Clark terminated effective Feb 16, 2025; receives 26 weeks salary, 2024 bonus, 3 months COBRA.
- Clark gets accelerated RSU vesting through Aug 15, 2025 and option exercise period extended to 2 years post-separation.
- Clark will provide non-compensated consulting services from Feb 16 to Apr 1, 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1841761/000162828024052428/0001628280-24-052428-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1841761/000162828024052428/grov-20241219.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-052428

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer