[Form 4/A] Grindr Inc. Amended Insider Trading Activity
Rhea-AI Filing Summary
Grindr director Michael Gearon Jr. amended a Form 4 to correct a transaction date and report a grant of restricted stock units (RSUs). The amendment shows a transaction date of 07/30/2025 for an award of 7,240 RSUs (each RSU converts into one share of common stock) at a reported price of $0. After the reported grant, the Reporting Person beneficially owns 10,515 shares. The RSUs vest 25% on October 30, 2025 and the remainder in equal quarterly installments thereafter, subject to continuous service. The amendment replaces an earlier filing that incorrectly stated the transaction date; the Form 4/A was signed by an attorney-in-fact on 08/22/2025.
Positive
- Director alignment: Award of 7,240 RSUs ties a director's compensation to company share performance through a multi-period vesting schedule
- Transparent correction: Filing amendment corrects the transaction date, improving disclosure accuracy
Negative
- None.
Insights
TL;DR: Director received a standard equity grant of 7,240 RSUs, increasing holdings to 10,515 shares; the amendment corrects an administrative error.
The reported transaction appears to be a non-cash equity award granted to a director, reflected as 7,240 RSUs with a $0 price, which is consistent with stock-based compensation rather than an open-market purchase. The grant increases the director's beneficial ownership to 10,515 shares, a modest holding size that is unlikely to move market dynamics for the company. The Form 4/A corrects the transaction date to July 30, 2025, indicating an administrative amendment rather than a new economic event. Impact on valuation or control is negligible based on the disclosed amounts.
TL;DR: Amendment fixes a filing error; the grant and vesting schedule align director incentives with continued service.
The disclosure shows a standard restricted stock unit grant with a clear vesting schedule: 25% vesting on a specified date and quarterly vesting thereafter. This structure is commonly used to retain directors and align long-term interests with shareholders. The amendment addresses a misreported transaction date from an earlier filing, which is a procedural correction. There is no indication of expedited vesting, special acceleration, or related-party transaction terms in the filing text, so governance implications are routine.