Form 4: Grindr Inc. Director Daniel Brooks Baer Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Director Daniel Brooks Baer reports acquisition and disposal of Grindr Inc. common stock and restricted stock units.
Summary
- On July 19, 2024, Daniel Brooks Baer, a director of Grindr Inc., reported changes in beneficial ownership of the company's securities.
- Baer acquired 8,756 shares of common stock and disposed of 29,128 shares.
- These transactions involved restricted stock units (RSUs) that vest and settle into common stock over time, with the first 25% vesting on October 19, 2024, and subsequent vesting in equal quarterly installments.
- Following these transactions, the total amount of common stock beneficially owned is 29,128 shares.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing, so the sentiment is neutral.
Future Outlook
The remaining RSUs will vest in equal quarterly installments after the initial vesting date of October 19, 2024, subject to the Reporting Person's Continuous Service.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 07/19/2024 | Date of transaction: acquisition and disposal of common stock. |
| 10/19/2024 | First vesting date for 25% of the restricted stock units. |
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