Form 4: Grindr Inc. Director J Michael Gearon Jr. Reports Changes in Beneficial Ownership

J Michael Gearon Jr., a director and 10% owner of Grindr Inc., filed a Form 4 detailing the disposition of warrants and changes in beneficial ownership following a warrant redemption announcement.

Summary

• On January 31, 2025, J Michael Gearon Jr., a director and 10% owner of Grindr Inc., reported changes in beneficial ownership.
• The transactions involved warrants exercisable for common stock.
• Gearon disposed of 114,459 warrants at a weighted average price ranging from $6.34 to $6.56.
• Following the reported transaction, Gearon directly owns no warrants and indirectly owns 255,941 warrants through 28th Street Ventures LLC.
• The warrants are subject to redemption announced by Grindr on January 23, 2025, scheduled for February 24, 2025.
• The warrants were originally scheduled to expire on November 18, 2027.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to a previously announced warrant redemption. It doesn't inherently convey positive or negative sentiment.

Future Outlook

The warrants held by Gearon, both directly and indirectly, are subject to redemption on February 24, 2025, which will impact his holdings.

Industry Context

The warrant redemption is a corporate action that can impact the capital structure of Grindr Inc. and the holdings of its investors. This is a common practice for companies to streamline their capital structure.

Stakeholder Impact

• Shareholders may be impacted by the warrant redemption, as it affects the capital structure of the company.
• Warrantholders will be impacted by the warrant redemption.

Key Dates