[Form 4/A] Grindr Inc. Amended Insider Trading Activity
Rhea-AI Filing Summary
Grindr Inc. (GRND) insider filing amendment reports a corrected transaction date and details of restricted stock units granted to a director/10% owner. The amendment states the transaction occurred on July 30, 2025 and discloses the acquisition of 6,669 RSUs at no cash price, each RSU representing the contingent right to one share of common stock. After this grant the reporting person beneficially owns 6,733,283 shares (direct). The RSUs vest 25% on October 30, 2025 and the remaining 75% in equal quarterly installments thereafter, subject to continued service.
Positive
- Amendment corrects transaction date, improving disclosure accuracy.
- 6,669 RSUs granted, each converting to one share on settlement, increasing direct ownership to 6,733,283 shares.
- Clear vesting schedule provided: 25% vesting on October 30, 2025 and remaining 75% vesting quarterly thereafter, subject to continuous service.
Negative
- None.
Insights
TL;DR: Amendment corrects transaction date and records a routine RSU grant that increases direct ownership to 6.73 million shares.
The filing corrects an earlier Form 4 date and reports the issuance of 6,669 restricted stock units to a reporting person who is both a director and a >10% owner. The RSUs are granted at $0 and convert one-for-one into common stock upon settlement, with 25% vesting on October 30, 2025 and the remainder vesting quarterly thereafter contingent on continuous service. From an investor-disclosure perspective this is a standard equity compensation disclosure and the corrected date improves filing accuracy. No derivative instruments, dispositions, or cash payments are reported.
TL;DR: This is a governance/compensation disclosure correction; vesting schedule and ownership level are clearly stated.
The amendment clarifies the timing of a compensation-related award and confirms the reporting person holds sizeable direct beneficial ownership following the grant. The RSU vesting tied to continuous service is described explicitly, including the initial 25% vesting date. The filing is procedural and addresses accuracy of Section 16 reporting; it does not disclose policy changes, departures, or unusual insider sales. This improves transparency around director compensation timing but does not by itself alter corporate governance structures.