Form 4: Grindr Inc. Executive Reports Stock Transaction to Cover Tax Obligations

Zachary Katz, GC and Head of Global Affairs at Grindr Inc., reports the withholding of shares to cover tax obligations related to vested restricted stock units.

Summary

• On March 4, 2025, Zachary Katz, the GC and Head of Global Affairs at Grindr Inc., reported a transaction involving Grindr Inc. common stock.
• The transaction involved the withholding of 16,773 shares of common stock to satisfy tax withholding obligations upon the settlement of restricted stock units (RSUs) that vested on February 26, 2025.
• The shares were withheld by the issuer at a price of $18.24 per share.
• Following the reported transaction, Katz beneficially owns 616,858 shares of Grindr Inc. common stock.
• The report also includes 10,000 shares of the Issuer's common stock acquired by the Reporting Person on December 5, 2023 at a purchase price of $7.34 per share that were inadvertently omitted from the Reporting Person's Form 3 filed on August 22, 2024.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, and the transaction described is a standard practice for covering tax obligations related to vested stock. Therefore, the sentiment is neutral.

Industry Context

This filing is a routine disclosure related to insider transactions and is required by the SEC to ensure transparency in the market. It provides insight into the actions of company executives regarding their holdings of company stock.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it is a routine adjustment of an executive's stock holdings to cover tax obligations.

Key Dates