Form 4: Grindr Inc. Executive Zachary Katz Sells Shares Under 10b5-1 Trading Plan
SEC Form 4
Zachary Katz, GC and Head of Global Affairs at Grindr Inc., executed sales of common stock on March 11, 2025, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- On March 11, 2025, Zachary Katz, the GC and Head of Global Affairs at Grindr Inc., sold 1,700 shares of common stock at a weighted average price of $16.07.
- Additionally, Katz sold 1,358 shares of common stock at a weighted average price of $16.42 on the same day.
- These sales were executed under a Rule 10b5-1 trading plan adopted on August 12, 2024.
- Following these transactions, Katz still beneficially owns 613,800 shares of Grindr Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting stock sales by an executive, which is neutral in sentiment.
Industry Context
This filing is a routine disclosure of insider trading activity and provides transparency to the market regarding transactions by company executives.
Stakeholder Impact
- The stock sales may have a minor impact on shareholders due to the increased supply of shares in the market.
Key Dates
| Date | Description |
|---|---|
| 08/12/2024 | Date of adoption of Rule 10b5-1 trading plan |
| 03/11/2025 | Date of stock sale transactions |
| 03/13/2025 | Date of Form 4 filing |
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