George Raymond Zage III - Feb 13, 2025 Form 4 Insider Report for Grindr Inc. (GRND)

Signature
/s/ William Shafton, Attorney-in-Fact
Stock symbol
GRND
Transactions as of
Feb 13, 2025
Transactions value $
$168,169,583
Form type
4
Date filed
2/20/2025, 08:40 PM
Previous filing
Feb 13, 2025
Next filing
Mar 19, 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 $8.09M +703K +11.68% $11.50 6.73M Feb 13, 2025 Direct F1, F2, F3
transaction GRND Common Stock Exercise of in-the-money or at-the-money derivative security $160M +13.9M +19.33% $11.50 85.9M Feb 19, 2025 By Tiga Eighty-Eight Pte Ltd. F2, F4
holding GRND Common Stock 895K Feb 13, 2025 By LLC F5

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 -703K -100% $0.00 0 Feb 13, 2025 Common Stock 703K $11.50 Direct F1, F6, F7
transaction GRND Warrants (right to buy) Exercise of in-the-money or at-the-money derivative security $0 -13.9M -100% $0.00 0 Feb 19, 2025 Common Stock 13.9M $11.50 By Tiga Eighty-Eight Pte Ltd. F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction is being filed late due to inadvertent administrative error.
F2 The Reporting Person's Form 4 filed on February 13, 2025 incorrectly reported the exercised of 25,000 warrants by Tiga SVH Investments Ltd. These warrants were directly held by the Reporting Person and the shares acquired as a result of this warrant exercise are presented in the Reporting Person's direct holdings in this Form 4.
F3 Since the date of the Reporting Person's last ownership report, the Reporting Person transferred 272,473 shares previously held by Tiga Investments Pte. Ltd. to direct ownership by himself.
F4 Prior to the date of this Form 4, the Reporting Person transferred shares previously held by Tiga SVH Investments Ltd. to Tiga Eighty-Eight Pte. Ltd., which is 100% indirectly owned by the Reporting Person. 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.
F5 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.
F6 Includes 25,000 warrants acquired by the Reporting Person in December 2022 that were not previously reported. The Reporting Person no longer has records of this acquisition and the purchase date and corresponding price are unknown.
F7 Since the date of the Reporting Person's last ownership report, the Reporting Person transferred warrants previously held by Tiga SVH Investments Ltd. to direct ownership by himself.
F8 Since the date of the Reporting Person's last ownership report, the Reporting Person transferred warrants previously held by the Reporting Person directly to Tiga Eighty-Eight Pte. Ltd., which is 100% indirectly owned by the Reporting Person. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein. The inclusion of these securities 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.