Form 4: Grindr Inc. Director Nathan Richardson Reports Changes in Beneficial Ownership

Director Nathan Richardson reports acquisition and disposal of Grindr Inc. common stock and restricted stock units.

Summary

• On July 19, 2024, Nathan Richardson, a director of Grindr Inc., reported changes in beneficial ownership of the company's securities.
• Richardson acquired 10,157 shares of common stock underlying restricted stock units (RSUs).
• Each RSU represents the contingent right to receive one share of common stock upon settlement.
• 25% of the RSUs vest and settle into common stock on October 19, 2024, and 25% vest in equal quarterly installments thereafter, subject to continuous service.
• Richardson also disposed of 34,642 shares of common stock.

Sentiment

Score: 5

Explanation: This is a neutral report on stock transactions by a company director, with no inherent positive or negative implications.

Future Outlook

The remaining RSUs will continue to vest in equal quarterly installments after October 19, 2024, subject to the Reporting Person's Continuous Service.

Industry Context

This filing is a routine disclosure related to insider transactions and is a standard practice for publicly traded companies.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely minimal.

Key Dates