George Arison - 25 Jun 2024 Form 4 Insider Report for Grindr Inc. (GRND)

Signature
/s/ William Shafton, Attorney-in-Fact
Issuer symbol
GRND
Transactions as of
25 Jun 2024
Net transactions value
-$29,310
Form type
4
Filing time
27 Jun 2024, 16:30:06 UTC
Previous filing
18 Jun 2024
Next filing
23 Aug 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GRND Common Stock Sale $29,310 -2,931 -0.1% $10.00 3,022,666 25 Jun 2024 Direct F1
* 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.