George Raymond Zage III - Apr 1, 2024 Form 4 Insider Report for Grindr Inc. (GRND)

Role
Director, 10%+ Owner
Signature
/s/ William Shafton, Attorney-in-Fact
Stock symbol
GRND
Transactions as of
Apr 1, 2024
Transactions value $
$1,997,344
Form type
4
Date filed
4/2/2024, 04:05 PM
Previous filing
Mar 19, 2024
Next filing
Aug 29, 2024

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction GRND Call Option (right to buy) Purchase $583K +223K $2.62* 223K Apr 1, 2024 Common Stock 223K $7.51 By LLC F1, F2
transaction GRND Call Option (right to buy) Purchase $890K +259K $3.44* 259K Apr 1, 2024 Common Stock 259K $6.69 By LLC F2, F3
transaction GRND Call Option (right to buy) Purchase $524K +143K $3.67* 143K Apr 1, 2024 Common Stock 143K $6.46 By LLC F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The exercise price may be adjusted for certain pre-specified events, including stock splits, stock dividends, and if at any time the then volume weighted average price of the Issuer's Common Stock for the previous five consecutive trading days is less than or equal to $5.00 (as may be adjusted for similar prior adjustments).
F2 The Option is held by Big Timber Holdings, LLC, a Nevis limited liability company ("Big Timber"). The Reporting Person is the Manager and sole member of Big Timber and exercises ultimate voting and investment power over the Option and any shares of the Issuer's Common Stock that may be acquired by Big Timber as a result of exercise of the Option.
F3 The exercise price may be adjusted for certain pre-specified events, including stock splits, stock dividends, and if at any time the then volume weighted average price of the Issuer's Common Stock for the previous five consecutive trading days is less than or equal to $4.86 (as may be adjusted for similar prior adjustments).
F4 The exercise price may be adjusted for certain pre-specified events, including stock splits, stock dividends, and if at any time the then volume weighted average price of the Issuer's Common Stock for the previous five consecutive trading days is less than or equal to $4.69 (as may be adjusted for similar prior adjustments).