Form 4: Grindr Inc. Chief Accounting Officer Kye Chen Reports Stock Sale
SEC Form 4
Kye Chen, Chief Accounting Officer of Grindr Inc., sold 4,964 shares of common stock on October 7, 2024, at a weighted average price of $11.81.
Summary
- On October 7, 2024, Kye Chen, the Chief Accounting Officer of Grindr Inc., sold 4,964 shares of the company's common stock.
- The sale was executed at a weighted average price of $11.81 per share.
- The transactions were carried out under a pre-arranged Rule 10b5-1 trading plan adopted on June 7, 2024.
- Following the transaction, Chen directly owns 130,598 shares of Grindr Inc.
- The price range for the shares sold was between $11.67 and $11.90.
Sentiment
Score: 5
Explanation: This is a neutral report of a stock sale by an officer. It doesn't inherently indicate positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure of insider trading activity. It provides transparency into the transactions of company executives and their holdings in the company.
Stakeholder Impact
- The stock sale may have a minor impact on shareholders, depending on their perception of the transaction.
Key Dates
| Date | Description |
|---|---|
| June 7, 2024 | Date the Rule 10b5-1 trading plan was adopted. |
| October 7, 2024 | Date of the stock sale transaction. |
| October 9, 2024 | Date of the Form 4 filing. |
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