Form 4: Grindr Director J. Michael Gearon Jr. Reports RSU Grant and Significant Stock Sale

Grindr Inc. Director and 10% Owner J. Michael Gearon Jr. disclosed the acquisition of 456 restricted stock units and the sale of 19,432 shares of common stock at a weighted average price of $24.75 on June 3, 2025.

Summary

• J. Michael Gearon Jr., a Director and 10% Owner of Grindr Inc. (GRND), reported transactions on June 3, 2025.
• He acquired 456 shares of common stock in the form of Restricted Stock Units (RSUs) at a price of $0. These RSUs are scheduled to vest 100% on July 19, 2025, subject to his continuous service.
• He disposed of 19,432 shares of common stock at a weighted average price of $24.75 per share. The sales occurred in multiple transactions at prices ranging from $24.48 to $24.785.
• Following these transactions, Mr. Gearon Jr. beneficially owns 3,275 shares directly, 5,480,568 shares indirectly through a revocable trust, and 6,090,959 shares indirectly through The 1997 Gearon Family Trust, totaling 11,574,792 shares.
• The sale was conducted under a Rule 10b5-1(c) plan, indicating a pre-arranged transaction.

Sentiment

Score: 5

Explanation: The sentiment is neutral. While a director sold a significant number of shares, the transaction was pre-planned under a 10b5-1 plan, which mitigates the negative signal. Additionally, the director received new equity compensation in the form of RSUs, indicating continued alignment with the company.

Positives

• Acquisition of 456 Restricted Stock Units (RSUs) by a director, indicating ongoing equity compensation and alignment with shareholder interests.
• The RSUs are scheduled to vest fully on July 19, 2025, providing a clear timeline for the conversion to common stock.

Negatives

• Sale of 19,432 shares of common stock by a director and 10% owner, which reduces direct beneficial ownership.

Future Outlook

NA

Industry Context

This Form 4 filing is a routine disclosure of insider transactions and does not provide broader industry context. It reflects an individual director's equity compensation and portfolio management decisions within the social networking/dating app industry.

Stakeholder Impact

• Shareholders: The sale of shares by a director could be perceived as a slight negative signal, though mitigated by the 10b5-1 plan. The grant of RSUs aligns the director's interests with long-term shareholder value.
• Employees: No direct impact mentioned.
• Customers: No direct impact mentioned.
• Suppliers: No direct impact mentioned.
• Creditors: No direct impact mentioned.

Next Steps

• The 456 Restricted Stock Units (RSUs) granted to the Reporting Person are scheduled to vest and settle into common stock on July 19, 2025.

Key Dates

Recommendation

Keywords

Grindr Inc., GRND, SEC Form 4, Insider Trading, Stock Sale, Restricted Stock Units, RSU, Beneficial Ownership, Director, 10% Owner, Equity Compensation, Rule 10b5-1