Form 4: Grindr Inc. Chief Product Officer Reports Share Withholding for Tax Obligations
SEC Form 4 Filing
Austin J. Balance, Chief Product Officer of Grindr Inc., reports the withholding of 38,427 common stock shares to cover tax obligations upon the vesting of restricted stock units.
Summary
- On May 14, 2025, Austin J. Balance, the Chief Product Officer of Grindr Inc., reported a transaction involving the withholding of 38,427 shares of common stock.
- These shares were withheld by the issuer to satisfy the reporting person's tax withholding obligations related to the settlement of restricted stock units (RSUs) that vested on May 12, 2025.
- Following this transaction, Balance directly owns 648,280 shares of Grindr Inc. common stock.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to tax obligations, and it doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. This filing indicates a standard process of tax obligation fulfillment related to equity compensation.
Stakeholder Impact
- The transaction has a minimal direct impact on shareholders, as it is a standard procedure for covering tax obligations related to executive compensation.
Key Dates
| Date | Description |
|---|---|
| 05/12/2025 | Restricted stock units (RSUs) vested. |
| 05/14/2025 | Date of the reported transaction (share withholding). |
| 05/16/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Grindr Inc., Austin J. Balance, Chief Product Officer, Share Withholding, Restricted Stock Units, Tax Obligations, Beneficial Ownership
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