Form 4: Grindr Inc. CFO Vandana Mehta-Krantz Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Vandana Mehta-Krantz, CFO of Grindr Inc., reports the vesting of restricted stock units and subsequent withholding of shares to cover tax obligations.
Summary
- On November 1, 2024, Vandana Mehta-Krantz, the Chief Financial Officer of Grindr Inc., had 136,566 restricted stock units (RSUs) vest.
- These RSUs represent the right to receive one share of Grindr Inc. common stock each.
- Also on November 1, 2024, 69,717 shares of common stock were withheld by Grindr Inc. to satisfy tax obligations related to the vesting of the RSUs at a price of $13.36.
- Following these transactions, Mehta-Krantz directly owns 782,902 shares of Grindr Inc. common stock.
Sentiment
Score: 5
Explanation: This is a neutral filing related to standard executive compensation practices; it doesn't inherently indicate positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The vesting of RSUs and subsequent tax withholding may have a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| 11/01/2024 | Date of earliest transaction: RSUs vested and shares withheld for tax obligations. |
| 11/05/2024 | Date of signature on the Form 4 filing. |
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