4//SEC Filing
Corvina Holdings LTD 4
Accession 0000950103-24-003749
CIK 0001841761other
Filed
Mar 11, 8:00 PM ET
Accepted
Mar 12, 9:20 PM ET
Size
19.4 KB
Accession
0000950103-24-003749
Insider Transaction Report
Form 4
Transactions
- Award
Class A Common Stock
2024-03-08+236,526→ 3,925,187 total(indirect: See Footnotes) - Award
Warrants
2024-03-08+1,077,195→ 1,077,195 total(indirect: See footnote)Exercise: $57.50From: 2022-07-16Exp: 2027-06-16→ Class A Common Stock (1,077,195 underlying) - Disposition to Issuer
Warrants
2024-03-08−1,300,412→ 0 total(indirect: See footnote)Exercise: $57.50From: 2022-07-16Exp: 2027-06-16→ Class A Common Stock (1,300,412 underlying) - Disposition to Issuer
Class A Common Stock
2024-03-08−845,180→ 3,688,661 total(indirect: See Footnotes)
Virgin Group Holdings LTD
10% Owner
Transactions
- Award
Class A Common Stock
2024-03-08+236,526→ 3,925,187 total(indirect: See Footnotes) - Disposition to Issuer
Class A Common Stock
2024-03-08−845,180→ 3,688,661 total(indirect: See Footnotes) - Disposition to Issuer
Warrants
2024-03-08−1,300,412→ 0 total(indirect: See footnote)Exercise: $57.50From: 2022-07-16Exp: 2027-06-16→ Class A Common Stock (1,300,412 underlying) - Award
Warrants
2024-03-08+1,077,195→ 1,077,195 total(indirect: See footnote)Exercise: $57.50From: 2022-07-16Exp: 2027-06-16→ Class A Common Stock (1,077,195 underlying)
Corvina Holdings LTD
10% Owner
Transactions
- Award
Class A Common Stock
2024-03-08+236,526→ 3,925,187 total(indirect: See Footnotes) - Disposition to Issuer
Warrants
2024-03-08−1,300,412→ 0 total(indirect: See footnote)Exercise: $57.50From: 2022-07-16Exp: 2027-06-16→ Class A Common Stock (1,300,412 underlying) - Award
Warrants
2024-03-08+1,077,195→ 1,077,195 total(indirect: See footnote)Exercise: $57.50From: 2022-07-16Exp: 2027-06-16→ Class A Common Stock (1,077,195 underlying) - Disposition to Issuer
Class A Common Stock
2024-03-08−845,180→ 3,688,661 total(indirect: See Footnotes)
Branson Sir Richard
10% Owner
Transactions
- Disposition to Issuer
Class A Common Stock
2024-03-08−845,180→ 3,688,661 total(indirect: See Footnotes) - Award
Class A Common Stock
2024-03-08+236,526→ 3,925,187 total(indirect: See Footnotes) - Disposition to Issuer
Warrants
2024-03-08−1,300,412→ 0 total(indirect: See footnote)Exercise: $57.50From: 2022-07-16Exp: 2027-06-16→ Class A Common Stock (1,300,412 underlying) - Award
Warrants
2024-03-08+1,077,195→ 1,077,195 total(indirect: See footnote)Exercise: $57.50From: 2022-07-16Exp: 2027-06-16→ Class A Common Stock (1,077,195 underlying)
Footnotes (9)
- [F1]On March 8, 2024, Virgin Group Acquisition Sponsor II LLC ("Sponsor") distributed to its members, including to Corvina Holdings Limited ("Corvina"), shares of Class A Common Stock, par value $0.0001 per share (the "Shares"), in Grove Collaborative Holdings, Inc. ("Issuer") and private placement warrants exercisable for Shares ("Warrants").
- [F2]Reflects the distribution of Shares to members of Sponsor.
- [F3]Reflects the acquisition of Shares by Corvina in connection with the distribution described in footnotes 1 and 2 above.
- [F4]Consists of (i) 1,149,320 Shares owned of record by Sponsor and (ii) 2,775,867 Shares owned of record by Corvina.
- [F5]Corvina is the sole managing member and manager of Sponsor and holds an economic interest therein. Corvina is wholly owned by Virgin Group Holdings LTD ("VGHL"). BFT (PTC) Limited ("PTC"), in its capacity as trustee of trusts for the benefit of members of Sir Richard Branson's family and related philanthropic causes, is the sole holder of voting shares of VGHL. Under the terms of the trusts, BFT CLG (PTC) Limited has certain consent rights with respect to the exercise by PTC of its control over VGHL.
- [F6]As a result, each of the foregoing entities may be deemed to share beneficial ownership of the shares held by Sponsor and Corvina. Sir Richard Branson indirectly has the ability to control the appointment and removal of the management of VGHL and, as such, he may be deemed to indirectly control the decisions of VGHL, regarding the voting and disposition of securities held by VGHL. Therefore, Sir Richard Branson may be deemed to have indirect beneficial ownership of the shares held by Sponsor and Corvina.
- [F7]Reflects the distribution of Warrants to members of Sponsor.
- [F8]Reflects the acquisition of Warrants by Corvina in connection with the distribution described in footnotes 1 and 7 above.
- [F9]Consists of 1,077,195 shares of Class A Common Stock underlying 5,385,977 warrants owned of record by Corvina.
Documents
Issuer
Grove Collaborative Holdings, Inc.
CIK 0001841761
Entity typeother
Related Parties
1- filerCIK 0001368872
Filing Metadata
- Form type
- 4
- Filed
- Mar 11, 8:00 PM ET
- Accepted
- Mar 12, 9:20 PM ET
- Size
- 19.4 KB