[Form 4/A] Grindr Inc. Amended Insider Trading Activity
Rhea-AI Filing Summary
Lu James Fu Bin, a director and >10% owner of Grindr Inc. (GRND), amended a Form 4 to correct the transaction date to 07/30/2025. The amendment reports the acquisition of 7,240 restricted stock units (RSUs) that each convert into one share of common stock upon settlement at $0 cost. After this reported grant the reporting person beneficially owns 9,885 shares. The RSUs vest 25% on October 30, 2025 and the remaining 75% vest in equal quarterly installments thereafter on the same day of the month as the grant date, subject to continuous service under the Issuer's 2022 Equity Incentive Plan. The Form 4 was originally filed on 08/01/2025 with an incorrect transaction date and amended to correct that date; the amendment is signed by an attorney-in-fact on 08/22/2025.
Positive
- Clear correction of reporting error demonstrating attention to Section 16 compliance
- Time-based RSUs indicate alignment of the director with long-term shareholder interests via deferred settlement
Negative
- None disclosed in this filing: no sales, no acceleration, and no material adverse information reported
Insights
TL;DR: Amendment corrects transaction date for a standard RSU grant; economic impact is limited and routine for executive compensation.
The filing shows a grant of 7,240 RSUs to an insider who already holds 9,885 shares beneficially after the grant. The award is structured as time-based RSUs with a typical 25% initial vesting followed by quarterly vesting, and settlement is at no cash cost to the reporting person. This is a compensation event rather than an open-market purchase or sale, so it does not indicate immediate liquidity or trading intent. The amendment corrects an administrative error in the originally reported transaction date, which is important for compliance and timeline clarity but not material to the company’s operations or financials.
TL;DR: The corrected Form 4 reflects routine equity compensation and an administrative filing error; governance implications are minor.
The report identifies the recipient as both a director and a >10% owner, which heightens disclosure importance. The RSU terms reference the 2022 Equity Incentive Plan and continuous service vesting conditions, consistent with standard executive awards. The amendment to fix the transaction date addresses disclosure accuracy; timely, correct filings are critical for Section 16 transparency and avoiding potential reporting violations. No indication of accelerated vesting, change-in-control provisions, or sales accompanies this filing.