George Raymond Zage III - Mar 17, 2025 Form 4 Insider Report for Grindr Inc. (GRND)

Role: Director, 10%+ Owner
Signature: /s/ William Shafton, Attorney-in-Fact
Stock symbol: GRND
Transactions as of: Mar 17, 2025
Transactions value $: $1,774,012
Form type: 4
Date filed: 3/19/2025, 06:00 PM
Previous filing: Feb 20, 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	Exercise of in-the-money or at-the-money derivative security	$1.77M	+165K	+18.47%	$10.73	1.06M	Mar 17, 2025	By LLC	F1, F2
holding	GRND	Common Stock						6.73M	Mar 17, 2025	Direct
holding	GRND	Common Stock						85.9M	Mar 17, 2025	By Tiga Eighty-Eight Pte Ltd.	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	Call Option (right to buy)	Exercise of in-the-money or at-the-money derivative security	$0	-164K	-100%	$0.00	0	Mar 17, 2025	Common Stock	165K	$10.73	By LLC	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The call option was exercisable into a number of shares of Grindr Inc. common stock equal to a principal amount owed to the Reporting Person plus accrued interest at time of exercise divided by the exercise price. On March 17, 2025, the Reporting Person exercised all 163,527 options, resulting in the right to 165,332 shares of Grindr Inc. common stock.
F2	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.
F3	Shares held by 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.