Company: GROVW
Filing Date: 2025-03-19
Form Type: 10-K
Source: 0001628280-25-013839
Chunk: 229

Company: Grove Collaborative Holdings, Inc.
Filing Date: 2025-03-19
Form: 10-K
Item: Item 8
Chunk 229
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 of being achieved.The fair value of Vested Warrants and Unvested Warrants granted to HGI was estimated at the date of grant using the Black-Scholes option-pricing model, with the following assumptions:Fair value of common stock$6.30Expected term in years4.5Volatility62.50%Risk-free interest rate4.00%Dividend yield—Reserved for IssuanceThe Company has the following shares of common stock reserved for future issuance, on an as-if converted basis: December 31, 2024December 31, 2023Class A Common StockClass B Common StockClass A Common StockClass B Common StockPrivate Placement Warrants1,340,000 — 1,340,000 — Public Warrants1,460,146 — 1,460,146 — Backstop Warrants775,005 — 775,005 — Volition Penny Warrants— — 20,905 — Shares issuable upon conversion of convertible preferred stock12,500,097 — 4,739,336 — Other outstanding common stock warrants362,000 111,895 2,484,778 113,776 Outstanding stock options930,956 776,494 1,084,456 809,847 Outstanding restricted stock units4,656,655 1,000 4,703,850 9,005 Shares available for issuance under 2022 Equity Incentive Plan5,182,186 — 4,642,495 — Shares available for issuance under 2022 Employee Stock Purchase Plan846,157 — 746,212 — Total shares of common stock reserved28,053,202 889,389 21,997,183 932,628 

11.    Stock-Based Compensation

Equity Incentive PlanIn June 2022, the stockholders of the Company approved the Grove Collaborative Holdings, Inc. 2022 Equity and Incentive Plan (the “2022 Plan”). The Plan provides for the granting of stock-based awards to eligible participants, 

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Table of ContentsGrove Collaborative Holdings, Inc.Notes to Consolidated Financial Statements (continued)

specifically officers, other employees, non-employee directors, consultants, independent contractors under terms and provisions established by the board of directors.The 2022 Plan authorizes the issuance of the Company’s Class A Common Stock of up