George Arison - Jun 17, 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
Jun 17, 2024
Transactions value $
-$883,270
Form type
4
Date filed
6/18/2024, 05:21 PM
Previous filing
Jun 10, 2024
Next filing
Jun 27, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GRND Common Stock Sale -$849K -83.6K -2.69% $10.15 3.03M Jun 17, 2024 Direct F1, F2
transaction GRND Common Stock Sale -$34.3K -3.43K -0.11% $10.01 3.03M Jun 18, 2024 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan, adopted December 15, 2023, in connection with the payment of certain 2023 tax obligations related to the settlement of restricted stock units held by the Reporting Person that occurred in 2023.
F2 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $10.00 to $10.34 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separated price within the range set forth in this footnote.
F3 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $10.00 to $10.02 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separated price within the range set forth in this footnote.