George Arison - 11 Mar 2024 Form 4 Insider Report for Grindr Inc. (GRND)

Role
CHIEF EXECUTIVE OFFICER, Director
Signature
/s/ William Shafton, Attorney-in-Fact
Issuer symbol
GRND
Transactions as of
11 Mar 2024
Net transactions value
-$1,191,020
Form type
4
Filing time
15 Mar 2024, 06:00:13 UTC
Previous filing
15 Dec 2023
Next filing
18 Apr 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 +247,898 +7.3% $0.000000 3,633,351 11 Mar 2024 Direct F1
transaction GRND Common Stock Tax liability $1,191,020 -125,635 -3.5% $9.48 3,507,716 13 Mar 2024 Direct F2
transaction GRND Common Stock Gift $0 -130,000 -3.7% $0.000000 3,377,716 13 Mar 2024 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the grant of restricted stock units ("RSUs"), each of which represents a contingent right to receive one share of the Issuer's common stock. The RSUs vested immediately.
F2 The Reporting Person is reporting the withholding by the Issuer of an aggregate of 125,635 shares of the Issuer's common stock that vested on March 11, 2024 pursuant to the RSUs granted on March 11, 2024 (as reported above) but that were not issued in order to satisfy the Reporting Person's tax withholding obligations upon settlement of the RSUs.