J. Michael Gearon Jr. - 18 Nov 2022 Form 4 Insider Report for Grindr Inc. (GRND)

Role
Director, 10%+ Owner
Signature
/s/ William Shafton, Attorney-in-fact
Issuer symbol
GRND
Transactions as of
18 Nov 2022
Net transactions value
$0
Form type
4
Filing time
02 Oct 2023, 16:15:22 UTC
Next filing
29 Aug 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GRND Common Stock Award $0 +6,250 $0.000000 6,250 18 Nov 2022 Direct F1
transaction GRND Common Stock Award $0 +16,582 +265% $0.000000 22,832 21 Jun 2023 Direct F2
holding GRND Common Stock 14,948,334 18 Nov 2022 By LLC F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the number of shares of the Issuer's common stock ("Common Stock") underlying restricted stock units ("RSUs"). Each RSU represents the contingent right to receive one share of Common Stock upon settlement. 1/2 of the RSUs vested and settled into Common Stock on March 15, 2023, and 1/2 of the RSUs vested and settled into Common Stock on June 15, 2023.
F2 Represents the number of shares of the Issuer's Common Stock underlying RSUs. Each RSU represents the contingent right to receive one share of Common Stock upon settlement. 25% of the RSUs vested and settled into Common Stock on September 21, 2023, and 25% of the RSUs vest and settle into Common Stock in equal quarterly installments thereafter, subject to the Reporting Person's Continuous Service (as defined in the Issuer's 2022 Equity Incentive Plan) through each such date.
F3 The Reporting Person and The 1997 Gearon Family Trust are controlling members of 28th Street Ventures LLC, a Georgia limited liability company ("28th Street"), and, as a result, exercise ultimate voting and investment power with respect to the shares held by 28th Street. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose.