Form 4: Grindr Inc. CEO George Arison Gifts 75,000 Shares to Family Trust

Grindr Inc. CEO George Arison gifted 75,000 shares of common stock to the Arison Family Management Trust on June 6, 2024.

Summary

• On June 6, 2024, George Arison, the CEO of Grindr Inc., gifted 75,000 shares of Grindr's common stock to the Arison Family Management Trust.
• The trust was established for the benefit of Arison's spouse and children.
• The transaction is exempt under Rule 16b-5.
• Following the transaction, Arison directly owns 3,112,666 shares of Grindr's common stock.
• Arison disclaims beneficial ownership of the securities held by the trust.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing related to a stock gift, and does not inherently convey positive or negative sentiment.

Management Comments

• The Reporting Person disclaims beneficial ownership of the securities held by the trust, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.

Industry Context

Executive stock gifts are a common practice for personal financial planning and estate management. This transaction does not appear to be related to any specific company event or performance.

Related Party Transactions

• The gift of shares to the Arison Family Management Trust, established for the benefit of the Reporting Person's spouse and children, constitutes a related party transaction.

Stakeholder Impact

• The transaction has minimal direct impact on stakeholders, as it is a personal financial decision by the CEO and does not affect the company's operations or financial position.

Key Dates