Zage George Raymond III - 31 Dec 2024 Form 4 Insider Report for Grindr Inc. (GRND)

Signature
/s/ William Shafton, Attorney-in-Fact
Issuer symbol
GRND
Transactions as of
31 Dec 2024
Net transactions value
+$6,695,038
Form type
4
Filing time
03 Jan 2025, 20:05:37 UTC
Previous filing
01 Aug 2025
Next filing
13 Feb 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GRND Common Stock Exercise of in-the-money or at-the-money derivative security $1,754,268 +233,591 $7.51 233,591 31 Dec 2024 By LLC F1, F2
transaction GRND Common Stock Exercise of in-the-money or at-the-money derivative security $1,816,322 +271,498 +116% $6.69 505,089 31 Dec 2024 By LLC F2, F3
transaction GRND Common Stock Exercise of in-the-money or at-the-money derivative security $1,000,492 +154,875 +31% $6.46 659,964 31 Dec 2024 By LLC F2, F4
transaction GRND Common Stock Exercise of in-the-money or at-the-money derivative security $2,123,955 +235,211 +36% $9.03 895,175 31 Dec 2024 By LLC F2, F5
holding GRND Common Stock 5,725,271 31 Dec 2024 Direct
holding GRND Common Stock 72,006,333 31 Dec 2024 By Tiga SVH Investments Ltd. F6
holding GRND Common Stock 272,473 31 Dec 2024 By Tiga Investments Pte. Ltd. F7

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) Exercise of in-the-money or at-the-money derivative security $0 -222,605 -100% $0.000000 0 31 Dec 2024 Common Stock 233,591 $7.51 By LLC F1, F2
transaction GRND Call Option (right to buy) Exercise of in-the-money or at-the-money derivative security $0 -258,728 -100% $0.000000 0 31 Dec 2024 Common Stock 271,498 $6.69 By LLC F2, F3
transaction GRND Call Option (right to buy) Exercise of in-the-money or at-the-money derivative security $0 -142,805 -100% $0.000000 0 31 Dec 2024 Common Stock 154,875 $6.46 By LLC F2, F4
transaction GRND Call Option (right to buy) Exercise of in-the-money or at-the-money derivative security $0 -221,972 -100% $0.000000 0 31 Dec 2024 Common Stock 235,211 $9.03 By LLC F2, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The call option was exercisable into a number of shares of Grindr Inc. common stock equal to a principal amount owed to the Reporting Person plus accrued interest at time of exercise divided by the exercise price. On December 31, 2024, the Reporting Person exercised all 222,605 options, resulting in the right to 233,591 shares of Grindr Inc. common stock.
F2 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 shares of the Issuer's common stock held by Big Timber.
F3 The call option was exercisable into a number of shares of Grindr Inc. common stock equal to a principal amount owed to the Reporting Person plus accrued interest at time of exercise divided by the exercise price. On December 31, 2024, the Reporting Person exercised all 258,728 options, resulting in the right to 271,498 shares of Grindr Inc. common stock.
F4 The call option was exercisable into a number of shares of Grindr Inc. common stock equal to a principal amount owed to the Reporting Person plus accrued interest at time of exercise divided by the exercise price. On December 31, 2024, the Reporting Person exercised all 142,805 options, resulting in the right to 154,875 shares of Grindr Inc. common stock.
F5 The call option was exercisable into a number of shares of Grindr Inc. common stock equal to a principal amount owed to the Reporting Person plus accrued interest at time of exercise divided by the exercise price. On December 31, 2024, the Reporting Person exercised all 221,972 options, resulting in the right to 235,211 shares of Grindr Inc. common stock.
F6 Tiga Investments Pte. Ltd. ("TI") is the sole equityholder of Tiga SVH Investments Ltd. ("TSVH") and exercises ultimate voting and investment power over the shares held by TSVH. The Reporting Person is the sole equityholder of TI and exercises ultimate voting and investment power over the shares held by TI. The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein. The inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
F7 The Reporting Person is the sole equityholder of TI and exercises ultimate voting and investment power over the shares held by TI. The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein. The inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.