George Raymond Zage III - Feb 4, 2025 Form 4 Insider Report for Grindr Inc. (GRND)

Signature
/s/ William Shafton, Attorney-in-Fact
Stock symbol
GRND
Transactions as of
Feb 4, 2025
Transactions value $
$287,500
Form type
4
Date filed
2/13/2025, 04:30 PM
Previous filing
Jan 3, 2025
Next filing
Feb 20, 2025

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 $288K +25K +0.03% $11.50 72M Feb 4, 2025 By Tiga SVH Investments Ltd. F1
holding GRND Common Stock 272K Feb 4, 2025 By Tiga Investments Pte. Ltd. F2
holding GRND Common Stock 895K Feb 4, 2025 By LLC F3
holding GRND Common Stock 5.73M Feb 4, 2025 Direct

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 (right to buy) Exercise of in-the-money or at-the-money derivative security $0 -25K -3.55% $0.00 678K Feb 4, 2025 Common Stock 25K $11.50 By Tiga SVH Investments Ltd. F1, F4
holding GRND Warrants (right to buy) 13.9M Feb 4, 2025 Common Stock 13.9M $11.50 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Tiga SVH Investments Ltd. is 100% owned by Tiga Investments Pte. Ltd. ("TI"), which is 100% owned by the Reporting Person.
F2 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.
F3 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.
F4 On November 22, 2022, the Reporting Person filed Form 4 that inadvertently reported an incorrect Column 5 and Column 7 amounts of converted warrants, and a resultant incorrect Column 9 beneficial ownership as 2,503,672 shares; whereas the correct amount for each respective column should have been reported as 2,503,762 shares. The beneficial ownership reported in Column 9 on this Form 4 represents the corrected beneficial ownership following the transactions reported herein.
F5 Exercisable into shares of the Issuer's common stock.