Form 4: Grindr Inc. Director Gary I. Horowitz Reports Acquisition and Disposal of Common Stock

Director Gary I. Horowitz reports acquiring 8,406 shares of Grindr Inc. common stock underlying restricted stock units and disposing of 29,325 shares on July 19, 2024.

Summary

• On July 19, 2024, Gary I. Horowitz, a director of Grindr Inc., reported a transaction involving the company's common stock.
• Horowitz acquired 8,406 shares underlying restricted stock units (RSUs).
• Simultaneously, Horowitz disposed of 29,325 shares of common stock.
• Following these transactions, Horowitz directly owns 29,325 shares of Grindr Inc.
• The RSUs vest and settle into common stock, with 25% vesting on October 19, 2024, and the remainder vesting in equal quarterly installments thereafter, contingent upon continuous service.

Sentiment

Score: 5

Explanation: This is a neutral report of stock transactions by a company director. It doesn't inherently indicate positive or negative sentiment.

Future Outlook

The remaining 75% of the RSUs will vest in equal quarterly installments after October 19, 2024, contingent upon continuous service.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider, which is common in publicly traded companies. It provides transparency into the actions of key personnel and their holdings in the company.

Stakeholder Impact

• The transactions may have a minor impact on shareholders as they reflect insider activity, but the amounts are not significant enough to cause major price fluctuations.

Key Dates