Form 4: Grindr Inc. Chief Product Officer Reports Share Transactions
SEC Form 4 Filing
Austin J. Balance, Chief Product Officer of Grindr Inc., reports the acquisition and disposal of common stock related to vested restricted stock units (RSUs) on November 1, 2024.
Summary
- On November 1, 2024, Austin J. Balance, the Chief Product Officer of Grindr Inc., acquired 114,269 shares of common stock upon the vesting of restricted stock units (RSUs).
- These RSUs fully vested on the same date, with each RSU representing the right to receive one share of common stock.
- Simultaneously, 56,930 shares were withheld by Grindr Inc. to cover the reporting person's tax obligations related to the RSU settlement at a price of $13.36.
- Following these transactions, Balance directly owns 590,756 shares of Grindr Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the transactions of company insiders.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 11/01/2024 | Date of earliest transaction: RSU vesting and share withholding. |
| 11/01/2024 | RSUs granted to the Reporting Person fully vested. |
| 11/05/2024 | Date of signature on the Form 4 filing. |
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