Form 4: Grindr Inc. Director J Michael Gearon Jr. Reports Significant Share Transfers

J Michael Gearon Jr., a director at Grindr Inc., reported multiple transactions involving the transfer of common stock, including distributions from an LLC and a family trust, with no monetary consideration involved.

Summary

• J Michael Gearon Jr., a director at Grindr Inc., has reported several transactions involving the company's common stock.
• On January 10, 2025, Mr. Gearon received 8,448,334 shares directly and 7,090,959 shares via a family trust and 590,958 shares via a revocable trust, all as pro rata distributions from 28th Street Ventures LLC.
• These distributions were made without any monetary consideration.
• On January 14, 2025, 6,500,000 shares were transferred from direct ownership to a revocable trust.
• The transactions involved both direct holdings and indirect holdings through an LLC, a family trust, and a revocable trust.
• Mr. Gearon disclaims beneficial ownership of shares held by the LLC and family trust except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a neutral report of share transactions, with no indication of positive or negative sentiment.

Industry Context

This filing is a routine disclosure of share transactions by a company insider and does not indicate any specific trend in the industry.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, and this filing is consistent with those requirements.
• The transactions reported are typical for insiders managing their holdings through various entities such as LLCs and trusts.
• Similar filings can be seen across the technology sector and other industries where executives and directors hold significant equity.

Stakeholder Impact

• The transactions do not have a direct impact on stakeholders as they are internal transfers of shares.

Key Dates

Keywords

Grindr Inc., J Michael Gearon Jr., share transfer, beneficial ownership, Form 4, director, 28th Street Ventures LLC, family trust, revocable trust