J. Michael Gearon Jr - Jan 27, 2025 Form 4/A - Amendment Insider Report for Grindr Inc. (GRND)

Role
Director, 10%+ Owner
Signature
/s/ William Shafton, Attorney-in-Fact
Stock symbol
GRND
Transactions as of
Jan 27, 2025
Transactions value $
-$552,266
Form type
4/A - Amendment
Date filed
2/27/2025, 05:10 PM
Date Of Original Report
Feb 12, 2025
Previous filing
Jan 14, 2025
Next filing
Jan 31, 2025
SEC
View on sec.gov

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 Other $0 -27K -3.88% $0.00 668K Jan 27, 2025 Common Stock 27K $11.50 By LLC F1, F2, F3, F4
transaction GRND Warrants Sale -$552K -85K -100% $6.50 0 Feb 10, 2025 Common Stock 85K $11.50 By LLC F3, F5, F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This disposition was inadvertently omitted from the Reporting Person's prior Form 4.
F2 Pro rata distribution from 28th Street (defined below) to its members, for no consideration.
F3 The warrants were exercisable at the time of the reported transaction and were originally scheduled to expire on November 18, 2027. On January 23, 2025, the Issuer announced a redemption of its outstanding warrants, which was completed on February 24, 2025.
F4 The warrants are held by 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.
F5 The price reported in Column 8 is a weighted average price. The warrants were sold in multiple transactions at prices ranging from $6.48 to $6.55. 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.
F6 The number of warrants held after the February 10 transaction has been amended from the original Form 4 filing on February 12, 2025 to reflect the previously unreported transaction on January 27, 2025 that has been reported on this amendment to the original Form 4 filing.
F7 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.