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

Role: Director, 10%+ Owner
Signature: /s/ William Shafton, Attorney-in-Fact
Stock symbol: GRND
Transactions as of: Dec 31, 2024
Transactions value $: $6,695,038
Form type: 4
Date filed: 1/3/2025, 08:05 PM
Previous filing: Aug 29, 2024
Next filing: Feb 13, 2025
SEC: View on sec.gov

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	$1.75M	+234K		$7.51	234K	Dec 31, 2024	By LLC	F1, F2
transaction	GRND	Common Stock	Exercise of in-the-money or at-the-money derivative security	$1.82M	+271K	+116.23%	$6.69	505K	Dec 31, 2024	By LLC	F2, F3
transaction	GRND	Common Stock	Exercise of in-the-money or at-the-money derivative security	$1M	+155K	+30.66%	$6.46	660K	Dec 31, 2024	By LLC	F2, F4
transaction	GRND	Common Stock	Exercise of in-the-money or at-the-money derivative security	$2.12M	+235K	+35.64%	$9.03	895K	Dec 31, 2024	By LLC	F2, F5
holding	GRND	Common Stock						5.73M	Dec 31, 2024	Direct
holding	GRND	Common Stock						72M	Dec 31, 2024	By Tiga SVH Investments Ltd.	F6
holding	GRND	Common Stock						272K	Dec 31, 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	-223K	-100%	$0.00	0	Dec 31, 2024	Common Stock	234K	$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	-259K	-100%	$0.00	0	Dec 31, 2024	Common Stock	271K	$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	-143K	-100%	$0.00	0	Dec 31, 2024	Common Stock	155K	$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	-222K	-100%	$0.00	0	Dec 31, 2024	Common Stock	235K	$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.