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

Role
CHIEF EXECUTIVE OFFICER, Director
Signature
/s/ William Shafton, Attorney-in-Fact
Stock symbol
GRND
Transactions as of
Mar 11, 2024
Transactions value $
-$1,191,020
Form type
4
Date filed
3/15/2024, 06:00 AM
Previous filing
Dec 15, 2023
Next filing
Apr 18, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GRND Common Stock Award $0 +248K +7.32% $0.00 3.63M Mar 11, 2024 Direct F1
transaction GRND Common Stock Tax liability -$1.19M -126K -3.46% $9.48 3.51M Mar 13, 2024 Direct F2
transaction GRND Common Stock Gift $0 -130K -3.71% $0.00 3.38M Mar 13, 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.