GRND.NYSEGrindr INC

Form 4: Grindr Inc. CEO George Arison Reports Changes in Beneficial Ownership

Sentiment:

SEC Form 4 Filing

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Grindr Inc. CEO George Arison reports the acquisition and disposal of common stock and restricted stock units, including shares withheld for tax obligations.

Summary

  • On March 11, 2024, George Arison, CEO of Grindr Inc., was granted 247,898 restricted stock units (RSUs), each representing a contingent right to receive one share of Grindr's common stock, which vested immediately.
  • On March 13, 2024, 125,635 shares of common stock were withheld by Grindr to satisfy Arison's tax withholding obligations upon settlement of the RSUs at a price of $9.48.
  • Also on March 13, 2024, 130,000 shares were disposed of.
  • Following these transactions, Arison beneficially owns 3,377,716 shares of Grindr Inc. common stock.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing changes in beneficial ownership, which is neutral in sentiment.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.

Stakeholder Impact

  • The transactions may have a minor impact on shareholders due to the change in the CEO's holdings, but the overall effect is likely minimal.

Key Dates

DateDescription
03/11/2024Grant of 247,898 restricted stock units (RSUs) to George Arison, vesting immediately
03/13/2024Withholding of 125,635 shares for tax obligations related to RSU settlement at $9.48 per share
03/13/2024Disposal of 130,000 shares
03/15/2024Date of signature by Attorney-in-Fact, William Shafton

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