Form 4: Grindr Director Chad Cohen Granted 1,397 Restricted Stock Units

Grindr Inc. Director Chad M. Cohen was granted 1,397 restricted stock units (RSUs) on June 3, 2025, which are set to vest and settle into common stock on July 19, 2025.

Summary

• Chad M. Cohen, a Director of Grindr Inc. (GRND), was granted 1,397 shares of the Issuer's common stock in the form of Restricted Stock Units (RSUs).
• The transaction date for this grant was June 3, 2025.
• Each RSU represents the contingent right to receive one share of Common Stock upon settlement.
• The RSUs were granted at a price of $0, indicating they are part of a compensation package.
• 100% of these RSUs are scheduled to vest and settle into Common Stock on July 19, 2025.
• Vesting is subject to Mr. Cohen's continuous service with the Issuer through the vesting date, as defined in Grindr's 2022 Equity Incentive Plan.
• Following this reported transaction, Chad M. Cohen beneficially owns 1,397 shares directly.

Sentiment

Score: 7

Explanation: The grant of restricted stock units to a director is a common and expected form of compensation that aligns the director's interests with the long-term performance of the company's stock, generally viewed positively as it fosters commitment.

Positives

• The grant of Restricted Stock Units (RSUs) to a director aligns their financial interests with the long-term performance and shareholder value of Grindr Inc.

Future Outlook

The granted Restricted Stock Units are set to vest and settle into common stock on July 19, 2025, contingent on the director's continuous service.

Industry Context

The grant of Restricted Stock Units (RSUs) to directors is a common practice in publicly traded companies across various industries. It serves as a form of equity compensation designed to incentivize long-term commitment and align the interests of directors with those of shareholders.

Comparison to Industry Standards

• The use of Restricted Stock Units (RSUs) as a component of director compensation is a standard practice widely adopted by companies, including technology and social media firms, to attract and retain talent while aligning incentives with shareholder value.
• The vesting schedule, contingent on continuous service, is typical for such equity grants, similar to compensation structures seen at companies like Match Group (MTCH) or Meta Platforms (META) for their non-employee directors.

Related Party Transactions

• The transaction involves the grant of equity compensation to a director, which is a related-party transaction, but it is a standard form of compensation and not indicative of unusual dealings.

Stakeholder Impact

• Shareholders: The grant aligns the director's interests with shareholder value, potentially leading to more focused long-term decision-making.
• Employees: No direct impact on general employees is indicated by this filing.

Next Steps

• The 1,397 Restricted Stock Units (RSUs) are expected to vest and settle into shares of Common Stock on July 19, 2025, provided Chad M. Cohen maintains continuous service with Grindr Inc.

Key Dates

Keywords

Grindr, GRND, SEC Form 4, Insider Transaction, Restricted Stock Units, RSU, Equity Grant, Director Compensation, Beneficial Ownership