Home > Insider Trading > Filing (0000950103-22-010959)

Filing Details

Accession Number:: 0000950103-22-010959
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2022-06-21 19:48:50
Reporting Period:: 2022-06-16

Accepted Time:: 2022-06-21 19:48:50
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1841761	Grove Collaborative Holdings Inc.	GROV	()	4

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
1368872	Ltd Holdings Corvina	Craigmuir Chambers Road Town, Tortola British Virgin Islands D8 VG1110	No	No	Yes	No
1368963	Richard Sir Branson	Branson Villa Necker Beach Estate, Necker Island British Virgin Islands D8 VG1150	No	No	Yes	No
1402303	Ltd Holdings Group Virgin	Craigmuir Chambers Road Town, Tortola British Virgin Islands D8 VG1110	No	No	Yes	No
1734533	Ltd Investments Vieco	Craigmuir Chambers Road Town, Tortola British Virgin Islands D8 VG1110	No	No	Yes	No
1846226	Virgin Group Acquisition Sponsor Ii Llc	C/O Virgin Group Acquisition Corp. Ii 65 Bleecker Street, 6Th Floor New York NY 10012	No	No	Yes	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Class A Common Stock	Acquisiton	2022-06-16	9,972,500	$0.00	9,972,500	No	4	C	Direct
Class A Common Stock	Acquisiton	2022-06-16	2,750,000	$0.00	12,722,500	No	4	P	Direct
Class A Common Stock	Acquisiton	2022-06-16	1,671,524	$10.00	14,394,024	No	4	P	Direct
Class A Common Stock	Acquisiton	2022-06-16	5,000,000	$10.00	19,394,024	No	4	P	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	C	Direct
No	4	P	Direct
No	4	P	Direct
No	4	P	Direct

Reported Derivative Transactions

Show Other Fields >>

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Class A Common Stock	Class B Ordinary Shares	Disposition	2022-06-16	10,062,500	$0.00	9,972,500	$0.00
Class A Common Stock	Warrants	Acquisiton	2022-06-16	3,875,028	$0.01	3,875,028	$0.01
Class A Common Stock	Warrants	Acquisiton	2022-06-16	6,700,000	$1.50	6,700,000	$11.50

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0			No	4	C	Direct
3,875,028	2022-06-16	2027-06-16	No	4	P	Direct
6,700,000	2022-07-16	2027-06-16	No	4	P	Direct

Footnotes

Represents Class B ordinary shares held by the Reporting Person that automatically converted into shares of Class A Common Stock (the "Shares") in connection with the redomestication of the Issuer from Cayman Islands to Delaware public benefit corporation in connection with the closing of the business combination of Issuer and Grove Collaborative, Inc. on June 16, 2022 (the "Transaction"). Following the initial grant of Class B ordinary shares, but on or prior to the closing of the Transaction, the ratio of Class B ordinary shares to Shares was adjusted to ensure that the Reporting Person received the same ownership percentage in Issuer following the closing of the Transaction.
Represents shares in Grove Collaborative Inc. that were exchanged for Shares in connection with the closing of the Transaction.
Acquired through private placement transaction. In addition to the Shares, the Reporting Person acquired the private placement warrants, each exercisable to purchase one Share at $0.01 per Share.
Acquired through private placement transaction.
Virgin Group Acquisition Sponsor II LLC, a Cayman Islands limited liability company, is the record holder of these Shares. Corvina Holdings Limited, a British Virgin Islands exempted company ("Corvina"), is the sole managing member and manager of Virgin Group Acquisition Sponsor II LLC and holds an economic interest therein. Corvina Holdings Limited is wholly owned by Virgin Group Holdings Limited.
Corvina Holdings Limited is the record holder of these Shares.
Virgin Group Holdings Limited is owned by Sir Richard Branson, and he has the ability to appoint and remove the management of Virgin Group Holdings Limited and, as such, may indirectly control the decisions of Virgin Group Holdings Limited, regarding the voting and disposition of securities held by Virgin Group Holdings Limited. Therefore, Sir Richard Branson may be deemed to have indirect beneficial ownership of the Shares held by Virgin Group Acquisition Sponsor II LLC. Each of Corvina Holdings Limited, Virgin Group Holdings Limited and Sir Richard Branson disclaims beneficial ownership of the Shares except to the extent of its or his pecuniary interest therein.
Vieco Investments Ltd., a British Virgin Islands exempted company, holds an economic interest in Virgin Group Acquisition Sponsor II LLC. Vieco Investments Ltd. is owned by Sir Richard Branson, and he has the ability to appoint and remove the management of Vieco Investments Ltd. and, as such, may indirectly control the decisions of Vieco Investments Ltd., regarding the voting and disposition of securities held by Vieco Investments Ltd. Therefore, Sir Richard Branson may be deemed to have indirect beneficial ownership of the Shares held by Virgin Group Acquisition Sponsor II LLC. Each of Vieco Investments Ltd. and Sir Richard Branson disclaims beneficial ownership of the Shares except to the extent of its or his pecuniary interest therein.
Represents warrants that were converted in connection with the closing of the Transaction to purchase one Share at $11.50 per Share. The warrants were purchased as private placement warrants at $1.50 per Share with an exercise price of $11.50 per Share.