---
schema_version: "secwatch.filing_event.v1"
accession: "0001841761-22-000037"
form_type: "8-K"
ticker: "GROV"
cik: "0001841761"
company_name: "Grove Collaborative Holdings, Inc."
filed_at: "2022-09-23T23:59:59+00:00"
generated_at: "2026-06-23T07:48:52.266103+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Grove Collaborative approves stock option exchange for underwater options, granting new RSUs

## Summary
- Holders of options with exercise price ≥$1.92 may exchange for new RSUs at ratios of 1.20:1 to 1.95:1 depending on price range.
- New RSUs from vested options vest 50% on grant date, then 25% each on Feb 15 and May 15, 2023.
- New RSUs from unvested options vest quarterly until the original option would have fully vested.
- Named executive officers and directors are eligible on same terms as employees.
- Exchange offer expected to launch September 26, 2022 and expire 20 business days later.

## SEC filing metadata
- accession: 0001841761-22-000037
- form_type: 8-K
- ticker: GROV
- cik: 0001841761
- company_name: Grove Collaborative Holdings, Inc.
- filed_at: 2022-09-23T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1841761/000184176122000037/0001841761-22-000037-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1841761/000184176122000037/grov-20220919.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001841761-22-000037
- JSON: https://secwatch.observer/filing/0001841761-22-000037.json
- Plain text: https://secwatch.observer/filing/0001841761-22-000037.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.