Austin J. Balance - Mar 3, 2025 Form 4 Insider Report for Grindr Inc. (GRND)

Role
Chief Product Officer
Signature
/s/ William Shafton, Attorney-in-Fact
Stock symbol
GRND
Transactions as of
Mar 3, 2025
Transactions value $
-$1,007,969
Form type
4
Date filed
3/5/2025, 06:49 PM
Previous filing
Feb 28, 2025
Next filing
Mar 14, 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 Options Exercise $110K +26.3K +4.11% $4.20 667K Mar 3, 2025 Direct F1
transaction GRND Common Stock Sale -$491K -26.3K -3.94% $18.68 641K Mar 3, 2025 Direct F1, F2
transaction GRND Common Stock Tax liability -$627K -34.4K -5.37% $18.24 606K Mar 4, 2025 Direct F3

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 Stock Option (right to buy) Options Exercise $0 -26.3K -25% $0.00 78.9K Mar 3, 2025 Common Stock 26.3K $4.20 Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The option exercises and sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan, adopted on September 17, 2024.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.46 to $19.00, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range.
F3 The Reporting Person is reporting the withholding by the Issuer of an aggregate of 34,379 shares of common stock that vested on February 26, 2025 pursuant to restricted stock units ("RSUs") but that were not issued in order to satisfy the Reporting Person's tax withholding obligations upon settlement of the RSUs.
F4 The stock option award was granted to the Reporting Person on December 7, 2021, and initially represented a right to purchase a total of 420,881 shares upon vesting. 1/12 of the shares subject to the stock option vested on December 3, 2022, and 1/12 of the shares vested or will vest quarterly thereafter.