Sculptor Capital Management amends Grove Collaborative filing
Ticker: GROVW · Form: SC 13D/A · Filed: Mar 21, 2024 · CIK: 1841761
Sentiment: neutral
Topics: ownership-change, amendment, sec-filing
TL;DR
Sculptor Capital (formerly Och-Ziff) updated its 13D on Grove Collaborative. Watch for changes.
AI Summary
Sculptor Capital Management, Inc. has filed an amendment to its Schedule 13D concerning Grove Collaborative Holdings, Inc. The filing, dated March 21, 2024, indicates a change in beneficial ownership. Sculptor Capital Management, Inc. was formerly known as Och-Ziff Capital Management Group Inc. and Och-Ziff Capital Management Group LLC.
Why It Matters
This filing signals a potential shift in the ownership structure or strategy of Grove Collaborative Holdings, Inc., which could impact its stock price and future business decisions.
Risk Assessment
Risk Level: medium — Changes in beneficial ownership filings can precede significant corporate actions or market movements, introducing uncertainty.
Key Players & Entities
- Grove Collaborative Holdings, Inc. (company) — Subject company
- Sculptor Capital Management, Inc. (company) — Filing entity
- Och-Ziff Capital Management Group Inc. (company) — Former name of filing entity
- Och-Ziff Capital Management Group LLC (company) — Former name of filing entity
- Virgin Group Acquisition Corp. II (company) — Former name of subject company
FAQ
What specific changes in beneficial ownership are detailed in this SC 13D/A filing?
The filing is an amendment to Schedule 13D, indicating a change in beneficial ownership, but the specific details of the change are not provided in the provided text.
When was the most recent change in beneficial ownership reported for Grove Collaborative Holdings, Inc. by Sculptor Capital Management, Inc.?
The 'DATE AS OF CHANGE' is listed as 20240321, indicating the change was reported on March 21, 2024.
What was Grove Collaborative Holdings, Inc. formerly known as?
Grove Collaborative Holdings, Inc. was formerly known as Virgin Group Acquisition Corp. II, with a name change date of 20210122.
What is the business address of Sculptor Capital Management, Inc.?
The business address for Sculptor Capital Management, Inc. is 9 WEST 57TH STREET FL 39, NEW YORK, NY 10019.
What is the SIC code for Grove Collaborative Holdings, Inc.?
The SIC code for Grove Collaborative Holdings, Inc. is 5961, which corresponds to RETAIL-CATALOG & MAIL-ORDER HOUSES.
Filing Stats: 2,209 words · 9 min read · ~7 pages · Grade level 12.1 · Accepted 2024-03-21 17:22:59
Key Financial Figures
- $0.0001 — suer) Class A Common Stock, par value $0.0001 per share (Title of Class of Securiti
Filing Documents
- d726405dsc13da.htm (SC 13D/A) — 93KB
- 0001193125-24-073999.txt ( ) — 95KB
of the Initial Statement is hereby amended and restated as follows
Item 5 of the Initial Statement is hereby amended and restated as follows: The information contained on the cover pages to this Schedule 13D is incorporated herein by reference. (a),(b) The responses of each Reporting Person to Rows (7) through (13) of the cover pages of this Amendment No. 5 to Schedule 13D are hereby incorporated by reference in this Item 5. The decrease in shares beneficially owned by each Reporting Person as reported in this Amendment No. 5 to Schedule 13D reflects, in addition to the transactions described on Annex A . Sculptor Capital LP (Sculptor), a Delaware limited partnership, is the investment adviser to Sculptor Master Fund, Ltd. (SCMF) a Cayman Islands company, and thus may be deemed a beneficial owner of the shares held in the accounts managed by Sculptor. Sculptor Capital Holding Corporation (SCHC), a Delaware corporation, serves as the sole general partner of Sculptor. As such, SCHC may be deemed to control Sculptor and, therefore, may be deemed a beneficial owner of the shares held in the accounts managed by Sculptor. Sculptor Capital Management, Inc. (SCU), a Delaware corporation, is the sole shareholder of SCHC and may be deemed a beneficial owner of the shares in the accounts managed by Sculptor. SCM GC Investments Limited (SCM GC) a Cayman Islands exempted company, is wholly owned by SCMF. (c) Except as set forth on Annex A attached hereto, there have been no transactions with respect to the Shares during the sixty days prior to the date hereof by any of the Reporting Persons. (d) None. (e) As a result of the shares outstanding found in the 8-K filed on March 20, 2024 each of the Reporting Persons ceased to be the beneficial owner of more than five percent of the Shares. The filing of this Amendment No. 5 represents the final amendment to the Schedule 13D and constitutes an exit filing for the Reporting Persons.
SIGNATURES
SIGNATURES After reasonable inquiry and to the best of its knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: March 21, 2024 SCULPTOR CAPITAL MANAGEMENT, INC. Signature: /s/ Wayne Cohen Name: Wayne Cohen Title: President and Chief Operating Officer SCM GC INVESTMENTS LIMITED Signature: /s/ Wayne Cohen Name: Wayne Cohen Title: President and Chief Operating Officer SCULPTOR MASTER FUND, LTD. By: Sculptor Capital LP, its investment manager By: Sculptor Capital Holding Corporation, its General Partner Signature: /s/ Wayne Cohen Name: Wayne Cohen Title: President and Chief Operating Officer SCULPTOR CAPITAL LP By: Sculptor Capital Holding Corporation, its General Partner Signature: /s/ Wayne Cohen Name: Wayne Cohen Title: President and Chief Operating Officer Title: President and Chief Operating Officer SCULPTOR CAPITAL HOLDING CORPORATION Signature: /s/ Wayne Cohen Name: Wayne Cohen Title: President and Chief Operating Officer Annex A Transaction in Class A Common Stock (For the period from January 31, 2023 through March 21, 2024) Legal Entity Trade Date Amount Trade Price Buy/Sell None None N/A N/A N/A