Kye Chen - May 11, 2024 Form 4 Insider Report for Grindr Inc. (GRND)

Role
Chief Accounting Officer
Signature
/s/ William Shafton, Attorney-in-Fact
Stock symbol
GRND
Transactions as of
May 11, 2024
Transactions value $
-$37,386
Form type
4
Date filed
6/28/2024, 04:06 PM
Previous filing
Apr 18, 2024
Next filing
Sep 10, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GRND Common Stock Award $0 +35K +28.49% $0.00 158K May 11, 2024 Direct F1, F2
transaction GRND Common Stock Tax liability -$37.4K -3.04K -1.93% $12.29 155K Jun 28, 2024 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction is being filed late due to inadvertent administrative error.
F2 Represents the number of shares of the Issuer's common stock ("Common Stock") underlying restricted stock units ("RSUs"). Each RSU represents the contingent right to receive one share of Common Stock upon settlement. 25% of the RSUs vest and settle into Common Stock on May 11, 2025, and 6.25% of the RSUs vest and settle into Common Stock in equal quarterly installments thereafter, subject to the Reporting Person's Continuous Service (as defined in the Issuer's 2022 Equity Incentive Plan) through each such date.
F3 The Reporting Person is reporting the withholding by the Issuer of an aggregate of 3,042 shares of the Issuer's common stock that vested on June 27, 2024 pursuant to the RSUs granted on May 2, 2023 but that were not issued in order to satisfy the Reporting Person's tax withholding obligations upon settlement of the RSUs.