J. Michael Gearon Jr - Feb 3, 2025 Form 4 Insider Report for Grindr Inc. (GRND)

Signature
/s/ William Shafton, Attorney-in-Fact
Stock symbol
GRND
Transactions as of
Feb 3, 2025
Transactions value $
-$942,667
Form type
4
Date filed
2/5/2025, 05:12 PM
Previous filing
Feb 3, 2025
Next filing
Feb 12, 2025

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 Warrants Sale -$349K -53.3K -20.84% $6.54 203K Feb 3, 2025 Common Stock 53.3K $11.50 By LLC F1, F2, F3
transaction GRND Warrants Sale -$594K -90.7K -44.75% $6.55 112K Feb 4, 2025 Common Stock 90.7K $11.50 By LLC F1, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The warrants are currently exercisable and were originally scheduled to expire at 5:00 p.m., New York City time, on November 18, 2027 or earlier upon redemption or the Issuer's liquidation. On January 23, 2025, the Issuer announced a redemption of its outstanding warrants on February 24, 2025.
F2 The price reported in Column 8 is a weighted average price. The warrants were sold in multiple transactions at prices ranging from $6.53 to $6.58. The Reporting Person will provide to the SEC, the issuer or security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F3 The warrants are held by 28th Street Ventures LLC, a Georgia limited liability company ("28th Street"). The Reporting Person and The 1997 Gearon Family Trust are controlling members of 28th Street and, as a result, exercise ultimate voting and investment power with respect to the shares held by 28th Street. 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.
F4 The price reported in Column 8 is a weighted average price. The warrants were sold in multiple transactions at prices ranging from $6.46 to $6.64. The Reporting Person will provide to the SEC, the issuer or security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.