Form 4: Grindr Inc. Executive Reports Tax Withholding Transaction
SEC Form 4 Filing
Zachary Katz, GC and Head of Global Affairs at Grindr Inc., reports the withholding of 4,920 shares to cover tax obligations upon RSU settlement.
Summary
- On March 17, 2025, Zachary Katz, the GC and Head of Global Affairs at Grindr Inc., reported a transaction involving common stock.
- The transaction involved the withholding of 4,920 shares of common stock at a price of $15.14 per share.
- These shares were withheld by the issuer to satisfy tax obligations related to the settlement of restricted stock units (RSUs) that vested on March 7, 2025.
- Following the transaction, Katz directly owns 618,568 shares of Grindr Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing regarding tax withholding, indicating a neutral sentiment.
Industry Context
This is a standard SEC Form 4 filing, reflecting a common practice of companies withholding shares to cover employee tax obligations related to the vesting of stock-based compensation.
Stakeholder Impact
- The transaction has a minor impact on the total number of outstanding shares due to the withholding for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 03/07/2025 | Restricted stock units (RSUs) vested. |
| 03/17/2025 | Transaction date: Withholding of shares for tax obligations. |
| 03/19/2025 | Date of signature for the Form 4 filing. |
Keywords
Form 4, Grindr Inc., Zachary Katz, RSU, Tax Withholding, Beneficial Ownership, Common Stock
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