Zage George Raymond III - 21 Aug 2023 Form 4 Insider Report for Grindr Inc. (GRND)

Signature
/s/ William Shafton, Attorney-in-fact
Issuer symbol
GRND
Transactions as of
21 Aug 2023
Net transactions value
+$538,000
Form type
4
Filing time
25 Aug 2023, 16:30:10 UTC
Previous filing
19 Dec 2022
Next filing
06 Sep 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GRND Common Stock, par value $0.0001 per share Purchase $156,600 +30,000 +0.56% $5.22 5,390,000 21 Aug 2023 Direct F1
transaction GRND Common Stock, par value $0.0001 per share Purchase $162,900 +30,000 +0.56% $5.43 5,420,000 22 Aug 2023 Direct F1
transaction GRND Common Stock, par value $0.0001 per share Purchase $163,500 +30,000 +0.55% $5.45 5,450,000 23 Aug 2023 Direct
transaction GRND Common Stock, par value $0.0001 per share Purchase $55,000 +10,000 +0.18% $5.50 5,460,000 24 Aug 2023 Direct
holding GRND Common Stock, par value $0.0001 per share 72,942,286 21 Aug 2023 By Corporation F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction is being filed late due to inadvertent administrative error.
F2 As described in the Issuer's proxy statement (Registration No. 333-264902) ("Proxy"), Issuer's Common Stock were issued to San Vicente Holdings LLC ("SVH"), in exchange for LG Series X ordinary units indirectly held by SVH. The Reporting Person indirectly had a 43% non-voting, economic only interest in LG through Tiga SVH Investments Ltd. ("TSVH"), which held a 54.1% non-voting, economic only interest in SVH. Tiga Investments Pte. Ltd. ("TI") is the sole equityholder of Tiga SVH and exercises ultimate voting and investment power of the shares held by TSVH. The Reporting Person is the sole equityholder of TI and exercises ultimate voting and investment power of the shares held by TI. The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein. The inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.