[Form 4/A] Grindr Inc. Amended Insider Trading Activity
Rhea-AI Filing Summary
Daniel Brooks Baer, a director of Grindr Inc. (GRND), acquired 7,050 restricted stock units (RSUs) that represent the contingent right to receive one share of common stock per RSU, at no cash price reported for the grant. After this transaction the reporting person beneficially owned 32,171 shares of common stock. The RSUs vest 25% on October 30, 2025, with the remaining 75% vesting in equal quarterly installments thereafter subject to continued service under the company’s 2022 Equity Incentive Plan. The filing is an amendment that corrects the originally reported transaction date to July 30, 2025.
Positive
- Director received 7,050 RSUs, aligning management incentives with long‑term shareholder value through time‑based vesting.
Negative
- None.
Insights
TL;DR: Director received time‑based RSUs, aligning incentives with shareholder value through multi‑quarter vesting.
The grant of 7,050 RSUs to a director is a typical equity‑based retention and alignment tool. Time‑based vesting that begins with a 25% tranche and continues quarterly ties payoff to continued service rather than immediate liquidity, reducing near‑term selling pressure. The disclosure of total beneficial ownership (32,171 shares) provides transparency about insider exposure. This transaction appears routine and governance‑consistent; no governance red flags are apparent from the filing text.
TL;DR: Director equity grant modestly increases insider ownership; impact on cap structure is immaterial.
The RSU award adds 7,050 potential shares but vests over time and is contingent on service, so immediate share count impact is limited to disclosure of beneficial ownership. No purchase price was reported for the RSUs, indicating a standard restricted grant rather than a cash exercise. Given the holder already has 32,171 shares, this grant marginally increases insider stake but is unlikely to be material to valuation or near‑term liquidity dynamics.