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

J Michael Gearon Jr., a director at Grindr Inc., reported the acquisition of 8,756 shares underlying restricted stock units and a disposition of 31,588 common stock shares on July 19, 2024.

Summary

• On July 19, 2024, J Michael Gearon Jr., a director at Grindr Inc., reported changes in beneficial ownership.
• Gearon acquired 8,756 shares of common stock underlying restricted stock units (RSUs) at a price of $0.
• These RSUs vest and settle into common stock, with 25% vesting on October 19, 2024, and the remainder vesting in equal quarterly installments thereafter, subject to continuous service.
• Gearon also disposed of 31,588 shares of common stock.
• Following these transactions, Gearon directly owns 31,588 shares and indirectly owns 14,948,334 shares through 28th Street Ventures LLC.
• Gearon disclaims beneficial ownership of the indirectly held securities except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: This is a neutral regulatory filing. It simply reports transactions and doesn't inherently indicate positive or negative sentiment.

Future Outlook

The RSUs will continue to vest quarterly, subject to the Reporting Person's Continuous Service.

Management Comments

• The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company insiders.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.

Key Dates