James F. Lu - 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 $
-$3,994,681
Form type
4
Date filed
4/2/2024, 04:05 PM
Previous filing
Mar 19, 2024
Next filing
May 15, 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 (obligation to sell) Sale -$1.17M -445K -50% $2.62* 445K Apr 1, 2024 Common Stock 445K $7.51 By Longview Grindr Holdings Limited F1, F2
transaction GRND Call Option (obligation to sell) Sale -$1.78M -517K -50% $3.44* 517K Apr 1, 2024 Common Stock 517K $6.69 By Longview Grindr Holdings Limited F2, F3
transaction GRND Call Option (obligation to sell) Sale -$1.05M -286K -50% $3.67* 286K Apr 1, 2024 Common Stock 286K $6.46 By Longview Grindr Holdings Limited 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 was issued by Longview Grindr Holdings Limited ("LGHL"). The Reporting Person is the sole equityholder of LGHL and exercises voting and investment power with respect to LGHL.
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).