Form 4: Grindr Inc. Chief Accounting Officer Reports Tax Withholding Share Transaction
SEC Form 4 Filing
Kye Chen, Chief Accounting Officer of Grindr Inc., reports the withholding of 3,042 common stock shares to cover tax obligations upon RSU settlement.
Summary
- On September 27, 2024, Kye Chen, the Chief Accounting Officer of Grindr Inc., had 3,042 shares of common stock withheld by the issuer to satisfy tax obligations.
- This withholding occurred as part of the settlement of Restricted Stock Units (RSUs) granted on May 2, 2023.
- The price per share for the withholding was $12.05.
- Following this transaction, Chen directly owns 135,562 shares of Grindr Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to tax withholding, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, ensuring transparency in the market.
Key Dates
| Date | Description |
|---|---|
| May 2, 2023 | Date of RSU grant to Kye Chen. |
| September 27, 2024 | Date of common stock withholding for tax obligations. |
| October 01, 2024 | Date of signature for the Form 4 filing. |
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