[SCHEDULE 13D/A] Grove Collaborative Holdings, Inc. SEC Filing
Amendment No. 1 to Schedule 13D discloses that HCI Grove, HCI Grove Management, Jason H. Karp and Ross Berman (the Reporting Persons) collectively beneficially own 2,188,109 shares of Grove Collaborative Holdings, Inc. Class A common stock, representing approximately 5.3% of the Class A shares outstanding based on 41,012,879 shares issued and outstanding as of August 4, 2025. The filing reflects holdings by HCI Grove (1,111,110 shares, 2.7%), HCI Grove Management (362,000 shares, 0.9%鈥攚arrant-based), Mr. Karp (1,631,110 shares, 4.0%) and Mr. Berman (556,999 shares, 1.4%).
The Amendment reports that, following a July 8, 2025 letter urging strategic alternatives, the Reporting Persons and the company agreed on August 7, 2025 to form a Working Group. The Working Group includes three Board members (Stuart Landesberg, Larry Cheng and Jeff Yurcisin) plus Messrs. Karp and Berman, and will meet periodically to develop recommendations to pursue strategic and operational initiatives, including potential sale, merger or take-private transactions, and to identify investment, financing or acquisition opportunities.
Emendamento n. 1 al Schedule 13D rivela che HCI Grove, HCI Grove Management, Jason H. Karp e Ross Berman (le Soggetti segnalanti) detengono in via beneficiaria complessivamente 2.188.109 azioni ordinarie di Classe A di Grove Collaborative Holdings, Inc., rappresentando circa 5,3% delle azioni di Classe A in circolazione, sulla base di 41.012.879 azioni emesse e in circolazione al 4 agosto 2025. La dichiarazione riporta le partecipazioni di HCI Grove (1.111.110 azioni, 2,7%), HCI Grove Management (362.000 azioni, 0,9%鈥攂asate su warrant), il sig. Karp (1.631.110 azioni, 4,0%) e il sig. Berman (556.999 azioni, 1,4%).
L'Emendamento segnala che, a seguito di una lettera dell'8 luglio 2025 con la quale venivano sollecitate alternative strategiche, i soggetti segnalanti e la societ脿 hanno concordato il 7 agosto 2025 di costituire un Gruppo di Lavoro. Il Gruppo comprende tre membri del Consiglio (Stuart Landesberg, Larry Cheng e Jeff Yurcisin) oltre ai sigg. Karp e Berman, e si riunir脿 periodicamente per formulare raccomandazioni volte a perseguire iniziative strategiche e operative, incluse potenziali operazioni di vendita, fusione o di privatizzazione, e per individuare opportunit脿 di investimento, finanziamento o acquisizione.
Enmienda n.潞 1 al Schedule 13D revela que HCI Grove, HCI Grove Management, Jason H. Karp y Ross Berman (las Personas Informantes) poseen, de forma beneficiosa, un total de 2.188.109 acciones ordinarias Clase A de Grove Collaborative Holdings, Inc., lo que representa aproximadamente el 5,3% de las acciones Clase A en circulaci贸n, con base en 41.012.879 acciones emitidas y en circulaci贸n al 4 de agosto de 2025. La presentaci贸n refleja las tenencias de HCI Grove (1.111.110 acciones, 2,7%), HCI Grove Management (362.000 acciones, 0,9%鈥攂asadas en warrants), el Sr. Karp (1.631.110 acciones, 4,0%) y el Sr. Berman (556.999 acciones, 1,4%).
La Enmienda informa que, tras una carta del 8 de julio de 2025 instando a considerar alternativas estrat茅gicas, las Personas Informantes y la compa帽铆a acordaron el 7 de agosto de 2025 formar un Grupo de Trabajo. El Grupo de Trabajo incluye a tres miembros del Consejo (Stuart Landesberg, Larry Cheng y Jeff Yurcisin) adem谩s de los Sres. Karp y Berman, y se reunir谩 peri贸dicamente para elaborar recomendaciones destinadas a llevar a cabo iniciativas estrat茅gicas y operativas, incluidas posibles operaciones de venta, fusi贸n o privatizaci贸n, y para identificar oportunidades de inversi贸n, financiaci贸n o adquisici贸n.
Schedule 13D鞐� 雽�頃� 靾橃爼鞎� 鞝�1順�電� HCI Grove, HCI Grove Management, Jason H. Karp 氚� Ross Berman(氤搓碃鞚鸽摛)鞚� 瓿惦彊鞙茧 Grove Collaborative Holdings, Inc.鞚� Class A 氤错喌欤� 2,188,109欤茧ゼ 鞁れ鞝侅溂搿� 氤挫湢頃橁碃 鞛堨溂氅�, 鞚措姅 2025雲� 8鞗� 4鞚� 旮办 氚滍枆 氚� 鞙犿喌 欤检嫕靾� 41,012,879欤茧ゼ 旮办鞙茧 Class A 欤检嫕鞚� 鞎� 5.3%鞐� 頃措嫻頃滊嫟瓿� 瓿奠嫓頃╇媹雼�. 鞝滌稖靹滊鞐愲姅 HCI Grove(1,111,110欤�, 2.7%), HCI Grove Management(362,000欤�, 0.9%鈥旍泴霟绊姼 旮半皹), Karp 鞌�(1,631,110欤�, 4.0%), Berman 鞌�(556,999欤�, 1.4%)鞚� 氤挫湢臧� 氚橃榿霅橃柎 鞛堨姷雼堧嫟.
靾橃爼鞎堨潃 2025雲� 7鞗� 8鞚� 鞝勲灥鞝� 雽�鞎堨潉 齑夑惮頃橂姅 靹滍暅 鞚错泟 氤搓碃鞚鸽摛瓿� 須岇偓臧� 2025雲� 8鞗� 7鞚� 鞛戩梾 攴鸽９(Working Group)鞚� 甑劚頃橁赴搿� 頃╈潣頄堧嫟瓿� 氤搓碃頃╇媹雼�. 鞛戩梾 攴鸽９鞐愲姅 鞚挫偓須� 靻岇啀 3氇�(Stuart Landesberg, Larry Cheng, Jeff Yurcisin)瓿� Karp 鞌� 氚� Berman 鞌皜 韽暔霅橂┌, 鞝勲灥鞝伮缝毚鞓侅爜 鞚措媹靺旐嫲敫�(毵り皝, 頃╇硲 霕愲姅 牍勱车臧滍檾 瓯半灅 霌� 臧�電レ劚 韽暔)毳� 於旍頃橁赴 鞙勴暅 甓岅碃鞎堨潉 毵堧牗頃橁碃 韴瀽路鞛愱笀臁半嫭路鞚胳垬 旮绊殞毳� 鞁濍硠頃橁赴 鞙勴暣 鞝曣赴鞝侅溂搿� 須岇潣毳� 臧�歆� 鞓堨爼鞛呺媹雼�.
Avenant n掳1 au Schedule 13D r茅v猫le que HCI Grove, HCI Grove Management, Jason H. Karp et Ross Berman (les personnes d茅clarante) d茅tiennent conjointement 2鈥�188鈥�109 actions ordinaires de Classe A de Grove Collaborative Holdings, Inc., repr茅sentant environ 5,3鈥�% des actions de Classe A en circulation, sur la base de 41鈥�012鈥�879 actions 茅mises et en circulation au 4 ao没t 2025. Le d茅p么t fait 茅tat des participations de HCI Grove (1鈥�111鈥�110 actions, 2,7鈥�%), HCI Grove Management (362鈥�000 actions, 0,9鈥�%鈥攕ur la base de warrants), M. Karp (1鈥�631鈥�110 actions, 4,0鈥�%) et M. Berman (556鈥�999 actions, 1,4鈥�%).
L'Avenant indique qu'脿 la suite d'une lettre du 8 juillet 2025 appelant 脿 l'examen d'alternatives strat茅giques, les personnes d茅clarante et la soci茅t茅 ont convenu le 7 ao没t 2025 de constituer un groupe de travail. Le groupe de travail comprend trois administrateurs (Stuart Landesberg, Larry Cheng et Jeff Yurcisin) ainsi que MM. Karp et Berman, et se r茅unira p茅riodiquement afin d'茅laborer des recommandations visant 脿 poursuivre des initiatives strat茅giques et op茅rationnelles, y compris d'茅ventuelles op茅rations de vente, de fusion ou de privatisation, et d'identifier des opportunit茅s d'investissement, de financement ou d'acquisition.
Nachtrag Nr. 1 zum Schedule 13D legt offen, dass HCI Grove, HCI Grove Management, Jason H. Karp und Ross Berman (die meldenden Personen) zusammen wirtschaftlich 2.188.109 Aktien der Klasse A von Grove Collaborative Holdings, Inc. besitzen, was etwa 5,3% der ausstehenden Klasse-A-Aktien entspricht, basierend auf 41.012.879 ausgegebenen und ausstehenden Aktien zum 4. August 2025. Die Meldung weist die Best盲nde von HCI Grove (1.111.110 Aktien, 2,7%), HCI Grove Management (362.000 Aktien, 0,9%鈥攚arrantbasiert), Herrn Karp (1.631.110 Aktien, 4,0%) und Herrn Berman (556.999 Aktien, 1,4%) aus.
Der Nachtrag berichtet, dass die meldenden Personen und das Unternehmen nach einem Schreiben vom 8. Juli 2025, in dem zu strategischen Alternativen aufgerufen wurde, am 7. August 2025 vereinbart haben, eine Arbeitsgruppe zu bilden. Die Arbeitsgruppe umfasst drei Vorstandsmitglieder (Stuart Landesberg, Larry Cheng und Jeff Yurcisin) sowie die Herren Karp und Berman und wird sich in regelm盲脽igen Abst盲nden treffen, um Empfehlungen zur Verfolgung strategischer und operativer Initiativen, einschlie脽lich m枚glicher Verkaufs-, Fusions- oder R眉ckzugs-/Privatisierungstransaktionen, zu entwickeln und Investitions-, Finanzierungs- oder 脺bernahmem枚glichkeiten zu identifizieren.
- Formation of a Working Group including three independent Board members and the Reporting Persons to assess strategic and operational initiatives.
- Aggregate 5.3% beneficial ownership (2,188,109 Class A shares) by the Reporting Persons, giving them material minority influence.
- Ability to introduce potential acquisition, financing or partner candidates and assist the company in reviewing strategic opportunities.
- Potential for significant corporate change (sale, merger, take-private) may create operational or strategic uncertainty for other stakeholders.
- Reporting Persons hold shared but not sole voting power (sole voting power reported as 0), so they cannot unilaterally control outcomes.
Insights
TL;DR: A 5.3% stake plus direct participation in a board Working Group increases likelihood of strategic options being actively pursued.
The filing shows the Reporting Persons hold a meaningful minority position (2,188,109 Class A shares, ~5.3%). Their inclusion in a Working Group with three directors formalizes an avenue to propose and vet strategic alternatives, such as sale, merger or take-private transactions, and to introduce potential financing or acquisition partners. This structure can accelerate evaluation of strategic scenarios and centralize dialogue between activists and management, making material corporate actions more likely to advance.
TL;DR: Collaboration via a Board Working Group creates oversight access but does not transfer formal control or guarantee outcomes.
The Amendment documents cooperative engagement rather than a change in control: the Reporting Persons report shared voting and dispositive power and record 0 sole voting power. The Working Group provides a forum to develop recommendations for the full Board but does not itself replace Board decision-making. While the filing signals active shareholder engagement on strategic alternatives, ultimate actions remain subject to Board approval and formal corporate governance processes.
Emendamento n. 1 al Schedule 13D rivela che HCI Grove, HCI Grove Management, Jason H. Karp e Ross Berman (le Soggetti segnalanti) detengono in via beneficiaria complessivamente 2.188.109 azioni ordinarie di Classe A di Grove Collaborative Holdings, Inc., rappresentando circa 5,3% delle azioni di Classe A in circolazione, sulla base di 41.012.879 azioni emesse e in circolazione al 4 agosto 2025. La dichiarazione riporta le partecipazioni di HCI Grove (1.111.110 azioni, 2,7%), HCI Grove Management (362.000 azioni, 0,9%鈥攂asate su warrant), il sig. Karp (1.631.110 azioni, 4,0%) e il sig. Berman (556.999 azioni, 1,4%).
L'Emendamento segnala che, a seguito di una lettera dell'8 luglio 2025 con la quale venivano sollecitate alternative strategiche, i soggetti segnalanti e la societ脿 hanno concordato il 7 agosto 2025 di costituire un Gruppo di Lavoro. Il Gruppo comprende tre membri del Consiglio (Stuart Landesberg, Larry Cheng e Jeff Yurcisin) oltre ai sigg. Karp e Berman, e si riunir脿 periodicamente per formulare raccomandazioni volte a perseguire iniziative strategiche e operative, incluse potenziali operazioni di vendita, fusione o di privatizzazione, e per individuare opportunit脿 di investimento, finanziamento o acquisizione.
Enmienda n.潞 1 al Schedule 13D revela que HCI Grove, HCI Grove Management, Jason H. Karp y Ross Berman (las Personas Informantes) poseen, de forma beneficiosa, un total de 2.188.109 acciones ordinarias Clase A de Grove Collaborative Holdings, Inc., lo que representa aproximadamente el 5,3% de las acciones Clase A en circulaci贸n, con base en 41.012.879 acciones emitidas y en circulaci贸n al 4 de agosto de 2025. La presentaci贸n refleja las tenencias de HCI Grove (1.111.110 acciones, 2,7%), HCI Grove Management (362.000 acciones, 0,9%鈥攂asadas en warrants), el Sr. Karp (1.631.110 acciones, 4,0%) y el Sr. Berman (556.999 acciones, 1,4%).
La Enmienda informa que, tras una carta del 8 de julio de 2025 instando a considerar alternativas estrat茅gicas, las Personas Informantes y la compa帽铆a acordaron el 7 de agosto de 2025 formar un Grupo de Trabajo. El Grupo de Trabajo incluye a tres miembros del Consejo (Stuart Landesberg, Larry Cheng y Jeff Yurcisin) adem谩s de los Sres. Karp y Berman, y se reunir谩 peri贸dicamente para elaborar recomendaciones destinadas a llevar a cabo iniciativas estrat茅gicas y operativas, incluidas posibles operaciones de venta, fusi贸n o privatizaci贸n, y para identificar oportunidades de inversi贸n, financiaci贸n o adquisici贸n.
Schedule 13D鞐� 雽�頃� 靾橃爼鞎� 鞝�1順�電� HCI Grove, HCI Grove Management, Jason H. Karp 氚� Ross Berman(氤搓碃鞚鸽摛)鞚� 瓿惦彊鞙茧 Grove Collaborative Holdings, Inc.鞚� Class A 氤错喌欤� 2,188,109欤茧ゼ 鞁れ鞝侅溂搿� 氤挫湢頃橁碃 鞛堨溂氅�, 鞚措姅 2025雲� 8鞗� 4鞚� 旮办 氚滍枆 氚� 鞙犿喌 欤检嫕靾� 41,012,879欤茧ゼ 旮办鞙茧 Class A 欤检嫕鞚� 鞎� 5.3%鞐� 頃措嫻頃滊嫟瓿� 瓿奠嫓頃╇媹雼�. 鞝滌稖靹滊鞐愲姅 HCI Grove(1,111,110欤�, 2.7%), HCI Grove Management(362,000欤�, 0.9%鈥旍泴霟绊姼 旮半皹), Karp 鞌�(1,631,110欤�, 4.0%), Berman 鞌�(556,999欤�, 1.4%)鞚� 氤挫湢臧� 氚橃榿霅橃柎 鞛堨姷雼堧嫟.
靾橃爼鞎堨潃 2025雲� 7鞗� 8鞚� 鞝勲灥鞝� 雽�鞎堨潉 齑夑惮頃橂姅 靹滍暅 鞚错泟 氤搓碃鞚鸽摛瓿� 須岇偓臧� 2025雲� 8鞗� 7鞚� 鞛戩梾 攴鸽９(Working Group)鞚� 甑劚頃橁赴搿� 頃╈潣頄堧嫟瓿� 氤搓碃頃╇媹雼�. 鞛戩梾 攴鸽９鞐愲姅 鞚挫偓須� 靻岇啀 3氇�(Stuart Landesberg, Larry Cheng, Jeff Yurcisin)瓿� Karp 鞌� 氚� Berman 鞌皜 韽暔霅橂┌, 鞝勲灥鞝伮缝毚鞓侅爜 鞚措媹靺旐嫲敫�(毵り皝, 頃╇硲 霕愲姅 牍勱车臧滍檾 瓯半灅 霌� 臧�電レ劚 韽暔)毳� 於旍頃橁赴 鞙勴暅 甓岅碃鞎堨潉 毵堧牗頃橁碃 韴瀽路鞛愱笀臁半嫭路鞚胳垬 旮绊殞毳� 鞁濍硠頃橁赴 鞙勴暣 鞝曣赴鞝侅溂搿� 須岇潣毳� 臧�歆� 鞓堨爼鞛呺媹雼�.
Avenant n掳1 au Schedule 13D r茅v猫le que HCI Grove, HCI Grove Management, Jason H. Karp et Ross Berman (les personnes d茅clarante) d茅tiennent conjointement 2鈥�188鈥�109 actions ordinaires de Classe A de Grove Collaborative Holdings, Inc., repr茅sentant environ 5,3鈥�% des actions de Classe A en circulation, sur la base de 41鈥�012鈥�879 actions 茅mises et en circulation au 4 ao没t 2025. Le d茅p么t fait 茅tat des participations de HCI Grove (1鈥�111鈥�110 actions, 2,7鈥�%), HCI Grove Management (362鈥�000 actions, 0,9鈥�%鈥攕ur la base de warrants), M. Karp (1鈥�631鈥�110 actions, 4,0鈥�%) et M. Berman (556鈥�999 actions, 1,4鈥�%).
L'Avenant indique qu'脿 la suite d'une lettre du 8 juillet 2025 appelant 脿 l'examen d'alternatives strat茅giques, les personnes d茅clarante et la soci茅t茅 ont convenu le 7 ao没t 2025 de constituer un groupe de travail. Le groupe de travail comprend trois administrateurs (Stuart Landesberg, Larry Cheng et Jeff Yurcisin) ainsi que MM. Karp et Berman, et se r茅unira p茅riodiquement afin d'茅laborer des recommandations visant 脿 poursuivre des initiatives strat茅giques et op茅rationnelles, y compris d'茅ventuelles op茅rations de vente, de fusion ou de privatisation, et d'identifier des opportunit茅s d'investissement, de financement ou d'acquisition.
Nachtrag Nr. 1 zum Schedule 13D legt offen, dass HCI Grove, HCI Grove Management, Jason H. Karp und Ross Berman (die meldenden Personen) zusammen wirtschaftlich 2.188.109 Aktien der Klasse A von Grove Collaborative Holdings, Inc. besitzen, was etwa 5,3% der ausstehenden Klasse-A-Aktien entspricht, basierend auf 41.012.879 ausgegebenen und ausstehenden Aktien zum 4. August 2025. Die Meldung weist die Best盲nde von HCI Grove (1.111.110 Aktien, 2,7%), HCI Grove Management (362.000 Aktien, 0,9%鈥攚arrantbasiert), Herrn Karp (1.631.110 Aktien, 4,0%) und Herrn Berman (556.999 Aktien, 1,4%) aus.
Der Nachtrag berichtet, dass die meldenden Personen und das Unternehmen nach einem Schreiben vom 8. Juli 2025, in dem zu strategischen Alternativen aufgerufen wurde, am 7. August 2025 vereinbart haben, eine Arbeitsgruppe zu bilden. Die Arbeitsgruppe umfasst drei Vorstandsmitglieder (Stuart Landesberg, Larry Cheng und Jeff Yurcisin) sowie die Herren Karp und Berman und wird sich in regelm盲脽igen Abst盲nden treffen, um Empfehlungen zur Verfolgung strategischer und operativer Initiativen, einschlie脽lich m枚glicher Verkaufs-, Fusions- oder R眉ckzugs-/Privatisierungstransaktionen, zu entwickeln und Investitions-, Finanzierungs- oder 脺bernahmem枚glichkeiten zu identifizieren.
FAQ
What stake do the Reporting Persons hold in Grove Collaborative (GROV)?
Who are the Reporting Persons named in the Schedule 13D/A for GROV?
What action did the Reporting Persons take before this Amendment No. 1?
What is the Working Group and who is on it?
What strategic alternatives are the Reporting Persons pursuing for GROV?
