Zage George Raymond III - 01 Apr 2024 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
01 Apr 2024
Net transactions value
+$1,997,344
Form type
4
Filing time
02 Apr 2024, 16:05:29 UTC
Previous filing
19 Mar 2024
Next filing
29 Aug 2024
SEC
View on sec.gov

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 $583,225 +222,605 $2.62* 222,605 01 Apr 2024 Common Stock 222,605 $7.51 By LLC F1, F2
transaction GRND Call Option (right to buy) Purchase $890,024 +258,728 $3.44* 258,728 01 Apr 2024 Common Stock 258,728 $6.69 By LLC F2, F3
transaction GRND Call Option (right to buy) Purchase $524,094 +142,805 $3.67* 142,805 01 Apr 2024 Common Stock 142,805 $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).