Form 4: Grindr Inc. Director Daniel Brooks Baer Sells 1,500 Shares

Director Daniel Brooks Baer of Grindr Inc. sold 1,500 shares of common stock at an average price of $6.0354 on June 16, 2023.

Summary

• On June 16, 2023, Daniel Brooks Baer, a director of Grindr Inc., sold 1,500 shares of the company's common stock.
• The shares were sold at a weighted average price of $6.0354, with individual prices ranging from $6.03 to $6.05 per share.
• Following the transaction, Baer directly owns 20,372 shares of Grindr Inc.
• The filing of this transaction was delayed due to an inadvertent administrative error.

Sentiment

Score: 5

Explanation: Neutral sentiment as it reports a standard transaction. The late filing is a minor negative, but the explanation mitigates concern.

Negatives

• The filing of this transaction was late due to an inadvertent administrative error.

Risks

• Late filings can sometimes raise concerns about compliance and internal controls, although this was attributed to an administrative error.

Industry Context

This is a routine disclosure of a transaction by a company insider. Such filings are common and provide transparency into the actions of company executives and directors.

Stakeholder Impact

• The sale of shares by a director could have a minor impact on shareholder sentiment, but the relatively small number of shares sold suggests the impact will be minimal.

Key Dates