UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 13G

 

Under the Securities Exchange Act of 1934

(Amendment No. )*

 

Grove Collaborative Holdings, Inc.

(Name of Issuer)

 

Class A common stock, par value $0.0001

(Title of Class of Securities)

 

39957D102

(CUSIP Number)

 

June 16, 2022

(Date of Event Which Requires Filing of this Statement)

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

 

¨Rule 13d-1(b)

 

xRule 13d-1(c)

 

¨Rule 13d-1(d)

 

*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

 

The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 

 

 

 

CUSIP No.   39957D102
1.

Names of Reporting Persons

 

Norwest Venture Partners XIII, LP

2. Check the Appropriate Box if a Member of a Group (See Instructions)
 

(a)

(b)

¨

x (1)

3. SEC Use Only
4.

Citizenship or Place of Organization

 

Delaware

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5.

Sole Voting Power

 

0

6.

Shared Voting Power

 

15,990,008 shares (2)

7.

Sole Dispositive Power

 

0

8.

Shared Dispositive Power

 

14,717,612 shares (3)

9.

Aggregate Amount Beneficially Owned by Each Reporting Person

 

15,990,008 shares (2)

10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)    ¨
11.

Percent of Class Represented by Amount in Row (9)

 

9.8% of common stock (19.99% of Class A common stock) (4)(5)

12.

Type of Reporting Person (See Instructions)

 

PN

         
(1)This Schedule 13G is filed by Norwest Venture Partners XIII, LP (“NVP XIII”), Genesis VC Partners XIII, LLC (“Genesis XIII”), NVP Associates, LLC (“NVP Associates”), Jeffrey Crowe (“Crowe”), Promod Haque (“Haque”) and Jon E. Kossow (“Kossow” and, with NVP XIII, Genesis XIII, NVP Associates, Crowe and Haque, collectively, the “Reporting Persons”). The Reporting Persons expressly disclaim status as a “group” for purposes of this Schedule 13G.

 

(2)Consists of (i) 500,100 shares of Class A common stock and 15,489,908 shares of Class A common stock issuable upon the conversion of Class B common stock held by Norwest Venture Partners XIII, LP. The share numbers in the preceding sentence represent the maximum number of shares of Class A common stock issuable upon the voluntary conversion of the Reporting Persons’ Class B common stock. However, the convertibility of the Reporting Person’s Class B common stock is limited pursuant to the terms of a Letter Agreement Regarding Restriction On Conversion Of Class B Common Stock (the “Agreement”) as a result of the blocker provision of the Agreement described in the following sentence. The Agreement provides that the holder of Class B common stock will not have a right to convert, subject to certain exceptions, the Class B common stock for Class A common stock if, as a result of such conversion, the holder, together with its affiliates and other attribution parties, would exceed a beneficial ownership limitation of 19.99% of the number of shares of Class A common stock outstanding immediately after giving effect to the issuance of the shares of Class A common stock upon conversion of the Class B common stock being converted. Genesis XIII is the general partner of NVP XIII, NVP Associates is the managing member of Genesis XIII and Crowe, Haque and Kossow are Co-Chief Executive Officers of NVP Associates. Each of Genesis XIII, NVP Associates, Crowe, Haque and Kossow, may be deemed to share voting and investment authority over these shares.

 

(3)Consists of the shares referenced in footnote (2), but excludes an aggregate of 1,272,396 shares that are subject to vesting upon the achievement of certain earnout thresholds prior to June 16, 2032.

 

(4)Calculation of the percentage of common stock beneficially owned is based on a total of 162,803,333 shares of common stock (29,412,877 shares of Class A common stock and 133,390,456 shares of Class B common stock) outstanding as of June 16, 2022, as reported in the Issuer’s Current Report on Form 8-K filed with the Securities and Exchange Commission (“SEC”) on June 23, 2022.

 

(5)Calculation of the percentage of Class A common stock beneficially owned is based on (i) 29,412,877 shares outstanding as of June 16, 2022, as reported in the Issuer’s Current Report on Form 8-K filed with the SEC on June 23, 2022 plus (ii) Class A common stock issuable upon conversion of Class B common stock beneficially owned by the Reporting Person (as limited by the Agreement), which are treated as converted into Class A common stock only for the purpose of computing the Class A common stock beneficial ownership percentage of the Reporting Person.

 

 2 

 

 

CUSIP No.   39957D102
1.

Names of Reporting Persons

 

Genesis VC Partners XIII, LLC

2. Check the Appropriate Box if a Member of a Group (See Instructions)
 

(a)

(b)

¨

x (1)

3. SEC Use Only
4.

Citizenship or Place of Organization

 

Delaware

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5.

Sole Voting Power

 

0

6.

Shared Voting Power

 

15,990,008 shares (2)

7.

Sole Dispositive Power

 

0

8.

Shared Dispositive Power

 

14,717,612 shares (3)

9.

Aggregate Amount Beneficially Owned by Each Reporting Person

 

15,990,008 shares (2)

10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)    ¨
11.

Percent of Class Represented by Amount in Row (9)

 

9.8% of common stock (19.99% of Class A common stock) (4)(5)

12.

Type of Reporting Person (See Instructions)

 

OO

         
(1)This Schedule 13G is filed by the Reporting Persons. The Reporting Persons expressly disclaim status as a “group” for purposes of this Schedule 13G.

 

(2)Consists of (i) 500,100 shares of Class A common stock and 15,489,908 shares of Class A common stock issuable upon the conversion of Class B common stock held by Norwest Venture Partners XIII, LP. The share numbers in the preceding sentence represent the maximum number of shares of Class A common stock issuable upon the voluntary conversion of the Reporting Persons’ Class B common stock. However, the convertibility of the Reporting Person’s Class B common stock is limited pursuant to the terms of the Agreement as a result of the blocker provision of the Agreement described in the following sentence. The Agreement provides that the holder of Class B common stock will not have a right to convert, subject to certain exceptions, the Class B common stock for Class A common stock if, as a result of such conversion, the holder, together with its affiliates and other attribution parties, would exceed a beneficial ownership limitation of 19.99% of the number of shares of Class A common stock outstanding immediately after giving effect to the issuance of the shares of Class A common stock upon conversion of the Class B common stock being converted. Genesis XIII is the general partner of NVP XIII, NVP Associates is the managing member of Genesis XIII and Crowe, Haque and Kossow are Co-Chief Executive Officers of NVP Associates. Each of Genesis XIII, NVP Associates, Crowe, Haque and Kossow, may be deemed to share voting and investment authority over these shares.

 

(3)Consists of the shares referenced in footnote (2), but excludes an aggregate of 1,272,396 shares that are subject to vesting upon the achievement of certain earnout thresholds prior to June 16, 2032.

 

(4)Calculation of the percentage of common stock beneficially owned is based on a total of 162,803,333 shares of common stock (29,412,877 shares of Class A common stock and 133,390,456 shares of Class B common stock) outstanding as of June 16, 2022, as reported in the Issuer’s Current Report on Form 8-K filed with the SEC on June 23, 2022.

 

(5)Calculation of the percentage of Class A common stock beneficially owned is based on (i) 29,412,877 shares outstanding as of June 16, 2022, as reported in the Issuer’s Current Report on Form 8-K filed with the SEC on June 23, 2022 plus (ii) Class A common stock issuable upon conversion of Class B common stock beneficially owned by the Reporting Person (as limited by the Agreement), which are treated as converted into Class A common stock only for the purpose of computing the Class A common stock beneficial ownership percentage of the Reporting Person.

 

 3 

 

 

CUSIP No.   39957D102
1.

Names of Reporting Persons

 

NVP Associates, LLC

2. Check the Appropriate Box if a Member of a Group (See Instructions)
 

(a)

(b)

¨

x (1)

3. SEC Use Only
4.

Citizenship or Place of Organization

 

Delaware

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5.

Sole Voting Power

 

0

6.

Shared Voting Power

 

15,990,008 shares (2)

7.

Sole Dispositive Power

 

0

8.

Shared Dispositive Power

 

14,717,612 shares (3)

9.

Aggregate Amount Beneficially Owned by Each Reporting Person

 

15,990,008 shares (2)

10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)    ¨
11.

Percent of Class Represented by Amount in Row (9)

 

9.8% of common stock (19.99% of Class A common stock) (4)(5)

12.

Type of Reporting Person (See Instructions)

 

OO

         
(1)This Schedule 13G is filed by the Reporting Persons. The Reporting Persons expressly disclaim status as a “group” for purposes of this Schedule 13G.

 

(2)Consists of (i) 500,100 shares of Class A common stock and 15,489,908 shares of Class A common stock issuable upon the conversion of Class B common stock held by Norwest Venture Partners XIII, LP. The share numbers in the preceding sentence represent the maximum number of shares of Class A common stock issuable upon the voluntary conversion of the Reporting Persons’ Class B common stock. However, the convertibility of the Reporting Person’s Class B common stock is limited pursuant to the terms of the Agreement as a result of the blocker provision of the Agreement described in the following sentence. The Agreement provides that the holder of Class B common stock will not have a right to convert, subject to certain exceptions, the Class B common stock for Class A common stock if, as a result of such conversion, the holder, together with its affiliates and other attribution parties, would exceed a beneficial ownership limitation of 19.99% of the number of shares of Class A common stock outstanding immediately after giving effect to the issuance of the shares of Class A common stock upon conversion of the Class B common stock being converted. Genesis XIII is the general partner of NVP XIII, NVP Associates is the managing member of Genesis XIII and Crowe, Haque and Kossow are Co-Chief Executive Officers of NVP Associates. Each of Genesis XIII, NVP Associates, Crowe, Haque and Kossow, may be deemed to share voting and investment authority over these shares.

 

(3)Consists of the shares referenced in footnote (2), but excludes an aggregate of 1,272,396 shares that are subject to vesting upon the achievement of certain earnout thresholds prior to June 16, 2032.

 

(4)Calculation of the percentage of common stock beneficially owned is based on a total of 162,803,333 shares of common stock (29,412,877 shares of Class A common stock and 133,390,456 shares of Class B common stock) outstanding as of June 16, 2022, as reported in the Issuer’s Current Report on Form 8-K filed with the SEC on June 23, 2022.

 

(5)Calculation of the percentage of Class A common stock beneficially owned is based on (i) 29,412,877 shares outstanding as of June 16, 2022, as reported in the Issuer’s Current Report on Form 8-K filed with the SEC on June 23, 2022 plus (ii) Class A common stock issuable upon conversion of Class B common stock beneficially owned by the Reporting Person (as limited by the Agreement), which are treated as converted into Class A common stock only for the purpose of computing the Class A common stock beneficial ownership percentage of the Reporting Person.

 

 4 

 

 

CUSIP No.   39957D102
1.

Names of Reporting Persons

 

Jeffrey Crowe

2. Check the Appropriate Box if a Member of a Group (See Instructions)
 

(a)

(b)

¨

x (1)

3. SEC Use Only
4.

Citizenship or Place of Organization

 

United States of America

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5.

Sole Voting Power

 

0

6.

Shared Voting Power

 

15,990,008 shares (2)

7.

Sole Dispositive Power

 

0

8.

Shared Dispositive Power

 

14,717,612 shares (3)

9.

Aggregate Amount Beneficially Owned by Each Reporting Person

 

15,990,008 shares (2)

10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)    ¨
11.

Percent of Class Represented by Amount in Row (9)

 

9.8% of common stock (19.99% of Class A common stock) (4)(5)

12.

Type of Reporting Person (See Instructions)

 

IN

         
(1)This Schedule 13G is filed by the Reporting Persons. The Reporting Persons expressly disclaim status as a “group” for purposes of this Schedule 13G.

 

(2)Consists of (i) 500,100 shares of Class A common stock and 15,489,908 shares of Class A common stock issuable upon the conversion of Class B common stock held by Norwest Venture Partners XIII, LP. The share numbers in the preceding sentence represent the maximum number of shares of Class A common stock issuable upon the voluntary conversion of the Reporting Persons’ Class B common stock. However, the convertibility of the Reporting Person’s Class B common stock is limited pursuant to the terms of the Agreement as a result of the blocker provision of the Agreement described in the following sentence. The Agreement provides that the holder of Class B common stock will not have a right to convert, subject to certain exceptions, the Class B common stock for Class A common stock if, as a result of such conversion, the holder, together with its affiliates and other attribution parties, would exceed a beneficial ownership limitation of 19.99% of the number of shares of Class A common stock outstanding immediately after giving effect to the issuance of the shares of Class A common stock upon conversion of the Class B common stock being converted. Genesis XIII is the general partner of NVP XIII, NVP Associates is the managing member of Genesis XIII and Crowe, Haque and Kossow are Co-Chief Executive Officers of NVP Associates. Each of Genesis XIII, NVP Associates, Crowe, Haque and Kossow, may be deemed to share voting and investment authority over these shares.

 

(3)Consists of the shares referenced in footnote (2), but excludes an aggregate of 1,272,396 shares that are subject to vesting upon the achievement of certain earnout thresholds prior to June 16, 2032.

 

(4)Calculation of the percentage of common stock beneficially owned is based on a total of 162,803,333 shares of common stock (29,412,877 shares of Class A common stock and 133,390,456 shares of Class B common stock) outstanding as of June 16, 2022, as reported in the Issuer’s Current Report on Form 8-K filed with the SEC on June 23, 2022.

 

(5)Calculation of the percentage of Class A common stock beneficially owned is based on (i) 29,412,877 shares outstanding as of June 16, 2022, as reported in the Issuer’s Current Report on Form 8-K filed with the SEC on June 23, 2022 plus (ii) Class A common stock issuable upon conversion of Class B common stock beneficially owned by the Reporting Person (as limited by the Agreement), which are treated as converted into Class A common stock only for the purpose of computing the Class A common stock beneficial ownership percentage of the Reporting Person.

 

 5 

 

 

CUSIP No.   39957D102
1.

Names of Reporting Persons

 

Promod Haque

2. Check the Appropriate Box if a Member of a Group (See Instructions)
 

(a)

(b)

¨

x (1)

3. SEC Use Only
4.

Citizenship or Place of Organization

 

United States of America

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5.

Sole Voting Power

 

0

6.

Shared Voting Power

 

15,990,008 shares (2)

7.

Sole Dispositive Power

 

0

8.

Shared Dispositive Power

 

14,717,612 shares (3)

9.

Aggregate Amount Beneficially Owned by Each Reporting Person

 

15,990,008 shares (2)

10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)    ¨
11.

Percent of Class Represented by Amount in Row (9)

 

9.8% of common stock (19.99% of Class A common stock) (4)(5)

12.

Type of Reporting Person (See Instructions)

 

IN

         
(1)This Schedule 13G is filed by the Reporting Persons. The Reporting Persons expressly disclaim status as a “group” for purposes of this Schedule 13G.

 

(2)Consists of (i) 500,100 shares of Class A common stock and 15,489,908 shares of Class A common stock issuable upon the conversion of Class B common stock held by Norwest Venture Partners XIII, LP. The share numbers in the preceding sentence represent the maximum number of shares of Class A common stock issuable upon the voluntary conversion of the Reporting Persons’ Class B common stock. However, the convertibility of the Reporting Person’s Class B common stock is limited pursuant to the terms of the Agreement as a result of the blocker provision of the Agreement described in the following sentence. The Agreement provides that the holder of Class B common stock will not have a right to convert, subject to certain exceptions, the Class B common stock for Class A common stock if, as a result of such conversion, the holder, together with its affiliates and other attribution parties, would exceed a beneficial ownership limitation of 19.99% of the number of shares of Class A common stock outstanding immediately after giving effect to the issuance of the shares of Class A common stock upon conversion of the Class B common stock being converted. Genesis XIII is the general partner of NVP XIII, NVP Associates is the managing member of Genesis XIII and Crowe, Haque and Kossow are Co-Chief Executive Officers of NVP Associates. Each of Genesis XIII, NVP Associates, Crowe, Haque and Kossow, may be deemed to share voting and investment authority over these shares.

 

(3)Consists of the shares referenced in footnote (2), but excludes an aggregate of 1,272,396 shares that are subject to vesting upon the achievement of certain earnout thresholds prior to June 16, 2032.

 

(4)Calculation of the percentage of common stock beneficially owned is based on a total of 162,803,333 shares of common stock (29,412,877 shares of Class A common stock and 133,390,456 shares of Class B common stock) outstanding as of June 16, 2022, as reported in the Issuer’s Current Report on Form 8-K filed with the SEC on June 23, 2022.

 

(5)Calculation of the percentage of Class A common stock beneficially owned is based on (i) 29,412,877 shares outstanding as of June 16, 2022, as reported in the Issuer’s Current Report on Form 8-K filed with the SEC on June 23, 2022 plus (ii) Class A common stock issuable upon conversion of Class B common stock beneficially owned by the Reporting Person (as limited by the Agreement), which are treated as converted into Class A common stock only for the purpose of computing the Class A common stock beneficial ownership percentage of the Reporting Person.

 

 6 

 

 

CUSIP No.   39957D102
1.

Names of Reporting Persons

 

Jon E. Kossow

2. Check the Appropriate Box if a Member of a Group (See Instructions)
 

(a)

(b)

¨

x (1)

3. SEC Use Only
4.

Citizenship or Place of Organization

 

United States of America

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5.

Sole Voting Power

 

0

6.

Shared Voting Power

 

15,990,008 shares (2)

7.

Sole Dispositive Power

 

0

8.

Shared Dispositive Power

 

14,717,612 shares (3)

9.

Aggregate Amount Beneficially Owned by Each Reporting Person

 

15,990,008 shares (2)

10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)    ¨
11.

Percent of Class Represented by Amount in Row (9)

 

9.8% of common stock (19.99% of Class A common stock) (4)(5)

12.

Type of Reporting Person (See Instructions)

 

IN

         
(1)This Schedule 13G is filed by the Reporting Persons. The Reporting Persons expressly disclaim status as a “group” for purposes of this Schedule 13G.

 

(2)Consists of (i) 500,100 shares of Class A common stock and 15,489,908 shares of Class A common stock issuable upon the conversion of Class B common stock held by Norwest Venture Partners XIII, LP. The share numbers in the preceding sentence represent the maximum number of shares of Class A common stock issuable upon the voluntary conversion of the Reporting Persons’ Class B common stock. However, the convertibility of the Reporting Person’s Class B common stock is limited pursuant to the terms of the Agreement as a result of the blocker provision of the Agreement described in the following sentence. The Agreement provides that the holder of Class B common stock will not have a right to convert, subject to certain exceptions, the Class B common stock for Class A common stock if, as a result of such conversion, the holder, together with its affiliates and other attribution parties, would exceed a beneficial ownership limitation of 19.99% of the number of shares of Class A common stock outstanding immediately after giving effect to the issuance of the shares of Class A common stock upon conversion of the Class B common stock being converted. Genesis XIII is the general partner of NVP XIII, NVP Associates is the managing member of Genesis XIII and Crowe, Haque and Kossow are Co-Chief Executive Officers of NVP Associates. Each of Genesis XIII, NVP Associates, Crowe, Haque and Kossow, may be deemed to share voting and investment authority over these shares.

 

(3)Consists of the shares referenced in footnote (2), but excludes an aggregate of 1,272,396 shares that are subject to vesting upon the achievement of certain earnout thresholds prior to June 16, 2032.

 

(4)Calculation of the percentage of common stock beneficially owned is based on a total of 162,803,333 shares of common stock (29,412,877 shares of Class A common stock and 133,390,456 shares of Class B common stock) outstanding as of June 16, 2022, as reported in the Issuer’s Current Report on Form 8-K filed with the SEC on June 23, 2022.

 

(5)Calculation of the percentage of Class A common stock beneficially owned is based on (i) 29,412,877 shares outstanding as of June 16, 2022, as reported in the Issuer’s Current Report on Form 8-K filed with the SEC on June 23, 2022 plus (ii) Class A common stock issuable upon conversion of Class B common stock beneficially owned by the Reporting Person (as limited by the Agreement), which are treated as converted into Class A common stock only for the purpose of computing the Class A common stock beneficial ownership percentage of the Reporting Person.

 

 7 

 

 

Item 1.
 
  (a)

Name of Issuer

Grove Collaborative Holdings, Inc.

  (b)

Address of Issuer’s Principal Executive Offices

1301 Sansome Street

San Francisco, CA 94111

 
Item 2.
 
  (a)

Name of Person Filing

Norwest Venture Partners XIII, LP (“NVP XIII”)

Genesis VC Partners XIII, LLC (“Genesis XIII”)

NVP Associates, LLC (“NVP Associates”)

Jeffrey Crowe (“Crowe”)

Promod Haque (“Haque”)

Jon E. Kossow (“Kossow”)

  (b)

Address of Principal Business Office or, if none, Residence

525 University Ave, Suite 800

Palo Alto, CA 94301

  (c)

Citizenship

Entities:          NVP XIII                -      Delaware

 Genesis XIII          -      Delaware

 NVP Associates   -      Delaware

Individuals:   Crowe                     -      United States of America

 Haque                    -      United States of America

 Kossow                 -      United States of America

  (d)

Title of Class of Securities

Class A common stock, par value $0.0001 (“Class A common stock”)

  (e)

CUSIP Number

39957D102

 
Item 3. If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
   
  Not applicable

 

 8 

 

 

Item 4. Ownership

 

The following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1 is provided as of June 27, 2022:

 

Reporting
Persons
 

Shares
Held

Directly (1)

 

Sole

Voting

Power

 

Shared

Voting

Power (1)

 

Sole

Dispositive

Power

 

Shared

Dispositive

Power (2)

 

Beneficial

Ownership

 

Percentage

of Class (3) (4) 

NVP XIII (1)    15,990,008   0   15,990,008   0   14,717,612   15,990,008  9.8% of common stock
(19.99% of Class A common stock)
Genesis XIII (1)    0   0   15,990,008   0   14,717,612   15,990,008  9.8% of common stock
(19.99% of Class A common stock)
NVP Associates (1)    0   0   15,990,008   0   14,717,612   15,990,008  9.8% of common stock
(19.99% of Class A common stock)
Crowe (1)    0   0   15,990,008   0   14,717,612   15,990,008  9.8% of common stock
(19.99% of Class A common stock)
Haque (1)    0   0   15,990,008   0   14,717,612   15,990,008  9.8% of common stock
(19.99% of Class A common stock)
Kossow (1)    0   0   15,990,008   0   14,717,612   15,990,008  9.8% of common stock
(19.99% of Class A common stock)

 

(1)Consists of (i) 500,100 shares of Class A common stock and 15,489,908 shares of Class A common stock issuable upon the conversion of Class B common stock held by Norwest Venture Partners XIII, LP. The share numbers in the preceding sentence represent the maximum number of shares of Class A common stock issuable upon the voluntary conversion of the Reporting Persons’ Class B common stock. However, the convertibility of the Reporting Person’s Class B common stock is limited pursuant to the terms of the Agreement as a result of the blocker provision of the Agreement described in the following sentence. The Agreement provides that the holder of Class B common stock will not have a right to convert, subject to certain exceptions, the Class B common stock for Class A common stock if, as a result of such conversion, the holder, together with its affiliates and other attribution parties, would exceed a beneficial ownership limitation of 19.99% of the number of shares of Class A common stock outstanding immediately after giving effect to the issuance of the shares of Class A common stock upon conversion of the Class B common stock being converted. Genesis XIII is the general partner of NVP XIII, NVP Associates is the managing member of Genesis XIII and Crowe, Haque and Kossow are Co-Chief Executive Officers of NVP Associates. Each of Genesis XIII, NVP Associates, Crowe, Haque and Kossow, may be deemed to share voting and investment authority over these shares.
(2)Consists of the shares referenced in footnote (2), but excludes an aggregate of 1,272,396 shares that are subject to vesting upon the achievement of certain earnout thresholds prior to June 16, 2032.
(3)Calculation of the percentage of common stock beneficially owned is based on a total of 162,803,333 shares of common stock (29,412,877 shares of Class A common stock and 133,390,456 shares of Class B common stock) outstanding as of June 16, 2022, as reported in the Issuer’s Current Report on Form 8-K filed with the SEC on June 23, 2022.
(4)Calculation of the percentage of Class A common stock beneficially owned is based on (i) 29,412,877 shares outstanding as of June 16, 2022, as reported in the Issuer’s Current Report on Form 8-K filed with the SEC on June 23, 2022 plus (ii) Class A common stock issuable upon conversion of Class B common stock beneficially owned by the Reporting Person (as limited by the Agreement), which are treated as converted into Class A common stock only for the purpose of computing the Class A common stock beneficial ownership percentage of the Reporting Person.

 

Item 5. Ownership of Five Percent or Less of a Class
   
  If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following   ¨

 

 9 

 

 

Item 6. Ownership of More than Five Percent on Behalf of Another Person
   
  Not applicable
 
Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person
   
  Not applicable
 
Item 8. Identification and Classification of Members of the Group
   
  Not applicable
 
Item 9. Notice of Dissolution of Group
   
  Not applicable
 
Item 10. Certification
   
  By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having such purpose or effect.

 

 10 

 

 

Signature

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

Dated: June 27, 2022

 

Norwest Venture Partners XIII, LP

 

By Genesis VC Partners XIII, LLC   
Its General Partner  
     
By NVP Associates, LLC,   
Its: Managing Member  

 

By: /s/ Matthew De Dominicis   
  Name: Matthew De Dominicis   
  Title: Chief Financial Officer  

 

Genesis VC Partners XIII, LLC

 

By NVP Associates, LLC,   
Its: Managing Member  

 

By: /s/ Matthew De Dominicis   
  Name: Matthew De Dominicis   
  Title: Chief Financial Officer  

  

NVP Associates, LLC

 

By: /s/ Matthew De Dominicis   
  Name: Matthew De Dominicis   
  Title: Chief Financial Officer  

 

/s/ Matthew De Dominicis   
Matthew De Dominicis,   
as Attorney-in-fact for Promod Haque  

 

/s/ Matthew De Dominicis   
Matthew De Dominicis,   
as Attorney-in-fact for Jeffrey Crowe  

 

/s/ Matthew De Dominicis   
Matthew De Dominicis,   
as Attorney-in-fact for Jon E. Kossow  

 

  ATTENTION  
Intentional misstatements or omissions of fact constitute Federal Criminal Violations (See 18 U.S.C. 1001).

 

 11 

 

 

Exhibit(s):

 

AJoint Filing Agreement

 

 12 

 

 

EXHIBIT A

 

JOINT FILING AGREEMENT

 

We, the undersigned, hereby express our agreement that the attached Schedule 13G (or any amendments thereto) relating to the Class A Common Stock of Grove Collaborative Holdings, Inc. is filed on behalf of each of us.

 

Dated: June 27, 2022

 

Norwest Venture Partners XIII, LP  
   
By Genesis VC Partners XIII, LLC  
Its General Partner  
   
By NVP Associates, LLC,  
Its: Managing Member  
   
By: /s/ Matthew De Dominicis  
  Name: Matthew De Dominicis  
  Title: Chief Financial Officer  
   
Genesis VC Partners XIII, LLC  
   
By NVP Associates, LLC,  
Its: Managing Member  
   
By: /s/ Matthew De Dominicis  
  Name: Matthew De Dominicis  
  Title: Chief Financial Officer  
   
NVP Associates, LLC  
   
By: /s/ Matthew De Dominicis  
  Name: Matthew De Dominicis  
  Title: Chief Financial Officer  
   
/s/ Matthew De Dominicis  
Matthew De Dominicis,  
as Attorney-in-fact for Promod Haque  
   
/s/ Matthew De Dominicis  
Matthew De Dominicis,  
as Attorney-in-fact for Jeffrey Crowe  
   
/s/ Matthew De Dominicis  
Matthew De Dominicis,  
as Attorney-in-fact for Jon E. Kossow