Ashish Gupta - 18 Nov 2022 Form 4 Insider Report for Grindr Inc. (GRND)

Source evidence Original filing metadata and source links for verification. 3 source fields
SEC form
4
Accepted by SEC
22 Nov 2022, 18:25:28 UTC
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Ashish Gupta

Key filing fact

Ashish Gupta filed Form 4 for Grindr Inc. (GRND) on 22 Nov 2022.

Key facts

  • This page summarizes Ashish Gupta's Form 4 filing for Grindr Inc. (GRND).
  • 5 reported transactions and 3 derivative rows are listed below.
  • Accepted by SEC: 22 Nov 2022, 18:25.

Change

  • No earlier filing in this sequence is available for direct comparison.
  • Current net transaction value: +$56,348,700.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

GRND transaction

Common Stock, par value $0.0001 per share

Options Exercise

Transaction value
$0
Shares
+1,710,000
Change %
Price
$0.000000
Shares after
1,710,000
Date
18 Nov 2022
Ownership
Direct
Footnotes
F1, F2, F3
GRND transaction

Common Stock, par value $0.0001 per share

Award

Transaction value
$0
Shares
+7,474,168
Change %
Price
$0.000000
Shares after
7,474,168
Date
18 Nov 2022
Ownership
By Corporation
Footnotes
F1, F2

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

GRND transaction Derivative

Warrants

Conversion of derivative security

Transaction value
$2,988,700
Shares
+259,887
Change %
Price
$11.50
Shares after
259,887
Date
18 Nov 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
259,887
Exercise price
$11.50
Footnotes
F3
GRND transaction Derivative

Class B ordinary shares

Conversion of derivative security

Transaction value
Shares
-1,710,000
Change %
-100%
Price
Shares after
0
Date
18 Nov 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
1,710,000
Exercise price
Footnotes
F3, F4
GRND transaction Derivative

Warrants

Conversion of derivative security

Transaction value
$53,360,000
Shares
+4,640,000
Change %
Price
$11.50
Shares after
4,640,000
Date
18 Nov 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
4,640,000
Exercise price
$11.50
Footnotes
F5
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 5 footnotes

Footnote F1

Received pursuant to the Agreement and Plan of Merger, dated May 9, 2022 (the "MA"), by and among Grindr Group LLC ("LG"), Tiga Acquisition Corp. ("Tiga") and Tiga Merger Sub LLC, a subsidiary of Tiga ("Sub I", and together with Tiga and LG, the "Entities"), as amended in the First Amendment to the MA, dated October 5, 2022, by and among Tiga Merger Sub II LLC, a subsidiary of Tiga ("Sub II") and the Entities, pursuant to which Sub I first merged with and into LG, whereupon the separate corporate existence of Sub I ceased, and LG became the surviving company and continued in existence as a wholly owned subsidiary of Tiga until promptly thereafter and as part of the overall transaction, when LG merged with and into Sub II, with Sub II being the entity that survived such second merger and continued in existence as a wholly owned subsidiary of Tiga (the "Business Combination"). Tiga domesticated as a Delaware corporation and subsequently changed its name to Grindr Inc. (the "Issuer").

Footnote F2

As described in the Issuer's definitive proxy statement and final prospectus filed pursuant to Rule 424(b)(3) (Registration No. 333-264902) (the "Proxy"), shares of the Issuer's Common Stock were issued to San Vicente Holdings LLC, a Delaware limited liability company ("SVH"), in exchange for outstanding units of LG Series X ordinary units indirectly held by SVH. The Reporting Person indirectly had a 4.5% non-voting, economic only equity interest in LG and a 5.7% non-voting, economic only interest in SVH. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose.

Footnote F3

As described in the Proxy, warrants to purchase the Issuer's Common Stock were issued to SVH, a Delaware limited liability company ("SVH"), in exchange for warrants to purchase LG Series X ordinary units, indirectly held by SVH. The Reporting Person indirectly had a 4.5% non-voting, economic only equity interest in LG and a 5.7% non-voting, economic only interest in SVH. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose.

Footnote F4

Received pursuant to the Business Combination. As described in the Proxy, the Reporting Person was an equityholder of Tiga Sponsor LLC, a Delaware limited liability company ("Tiga Sponsor"). Tiga Sponsor previously held shares of Class B ordinary shares of Tiga. Such shares, which were previously convertible into Class A ordinary shares of Tiga, were distributed to the equityholders of Tiga Sponsor, including the Reporting Person, and were converted into shares of the Issuer's Common Stock in connection with, and upon the consummation of, the Business Combination.

Footnote F5

Received pursuant to the Business Combination. As described in the Proxy, the Reporting Person was an equityholder of Tiga Sponsor LLC, a Delaware limited liability company ("Tiga Sponsor"). Tiga Sponsor previously held warrants to purchase Class A ordinary shares of Tiga. Such warrants were distributed to the equityholders of Tiga Sponsor, including the Reporting Person, and were converted into warrants to purchase the Issuer's Common Stock in connection with, and upon the consummation of, the Business Combination.

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