Lu James Fu bin - 14 Feb 2025 Form 4 Insider Report for Grindr Inc. (GRND)

Reporting relationship: Director, 10%+ Owner
Issuer ticker: GRND
Reported as of: 14 Feb 2025
Net transaction value: -$224,670
SEC form: 4
Accepted by SEC: 19 Feb 2025, 20:02:31 UTC
Prior SEC filing: 03 Jan 2025
Next SEC filing: 19 Mar 2025
Source filing: View source filing
Reporting owner signature: /s/ William Shafton, Attorney-in-Fact

Key filing fact

Lu James Fu bin filed Form 4 for Grindr Inc. (GRND) on 19 Feb 2025.

Key facts

This page summarizes Lu James Fu bin's Form 4 filing for Grindr Inc. (GRND).
3 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 19 Feb 2025, 20:02.

Change

Previous filing in this sequence was filed on 03 Jan 2025.
Current net transaction value: -$224,670.

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

Exercise of in-the-money or at-the-money derivative security

Transaction value: $15,365,426
Shares: +1,336,124
Change %: +105%
Price: $11.50
Shares after: 2,611,496
Date: 14 Feb 2025
Ownership: Direct
Footnotes: F1

GRND transaction

Common Stock

Disposed to Issuer

Transaction value: $15,590,096
Shares: -853,784
Change %: -33%
Price: $18.26
Shares after: 1,757,712
Date: 14 Feb 2025
Ownership: Direct
Footnotes: F1

GRND holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 28,425,249
Date: 14 Feb 2025
Ownership: By Longview Capital SVH LLC
Footnotes: F2

Reported derivative securities

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

GRND transaction Derivative

Warrants (right to buy)

Exercise of in-the-money or at-the-money derivative security

Transaction value: $0
Shares: -1,336,124
Change %: -100%
Price: $0.000000
Shares after: 0
Date: 14 Feb 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 1,336,124
Exercise price: $11.50
Footnotes: F1, F3

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote F1

On February 14, 2025, the Reporting Person exercised 1,336,124 warrants to purchase shares of the Issuer's common stock for $11.50 per share. The Reporting Person exercised its 1,336,124 warrants on a cashless basis at a conversion ratio of 0.361 shares of common stock per warrant, resulting in the Issuer's withholding of 853,784 of the warrant shares and issuing to the Reporting Person the remaining 482,340 shares.

Footnote F2

Held by Longview Capital SVH LLC, a Washington limited liability company ("Longview SVH"). Longview Capital Holdings LLC, a Washington limited liability company ("Longview"), is the sole member of Longview SVH, which exercises ultimate voting and investment power with respect to the shares held by Longview SVH. The Reporting Person is the sole equityholder of Longview and exercises voting and investment power with respect to Longview. 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

Since the date of the Reporting Person's last ownership report, Mr. Lu transferred the warrants from Longview SVH to direct ownership by himself.