Form 4: Grindr Inc. Executive Zachary Katz Reports Share Withholding for Tax Obligations
SEC Form 4 Filing
Zachary Katz, GC and Head of Global Affairs at Grindr Inc., reports the withholding of 31,422 shares to cover tax obligations upon RSU settlement.
Summary
- On September 12, 2024, Zachary Katz, GC and Head of Global Affairs at Grindr Inc., had 31,422 shares of common stock withheld by the issuer.
- The withholding was to satisfy tax obligations related to the vesting of restricted stock units (RSUs) granted on November 29, 2023.
- The shares were withheld at a price of $11.78 per share.
- Following the transaction, Katz directly owns 278,578 shares of Grindr Inc. common stock.
Sentiment
Score: 5
Explanation: This is a neutral filing related to standard executive compensation practices; it doesn't inherently indicate positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and tax obligations, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minor impact on the total number of outstanding shares.
Key Dates
| Date | Description |
|---|---|
| November 29, 2023 | Date of restricted stock units (RSUs) grant |
| September 12, 2024 | Date of share withholding for tax obligations |
| September 13, 2024 | Date of signature on the Form 4 filing |
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