[Form 4/A] Grindr Inc. Amended Insider Trading Activity
Rhea-AI Filing Summary
Chad M. Cohen, a director of Grindr Inc. (GRND), amended a Form 4 to correct the transaction date to July 30, 2025. The amendment reports the acquisition of 9,336 restricted stock units (RSUs) at no cash price; each RSU converts to one share of common stock upon settlement. After the reported transaction the filing shows beneficial ownership of 10,733 shares. The RSUs vest 25% on October 30, 2025 and the remaining 75% in equal quarterly installments thereafter, subject to continued service under the 2022 Equity Incentive Plan. The Form 4/A is signed by attorney-in-fact Bella Zaslavsky on 08/22/2025.
Positive
- Director acquisition reported: 9,336 RSUs granted, increasing reported beneficial ownership to 10,733 shares.
- Clear vesting schedule: 25% vests on October 30, 2025 with remaining RSUs in equal quarterly installments thereafter.
Negative
- Amendment required: Original Form 4 incorrectly stated the transaction date and had to be corrected.
- No immediate economic consideration disclosed: RSUs reported at $0 indicating future settlement contingent on vesting and continued service.
Insights
TL;DR: Director purchased RSUs and corrected a filing date; ownership increases modestly with standard vesting conditions.
The amended Form 4 clarifies the correct transaction date and discloses a director-level award of 9,336 RSUs that convert one-for-one into common shares. The disclosure follows typical equity compensation practice with time-based vesting tied to continued service under the 2022 Equity Incentive Plan. The need to amend the prior Form 4 to correct the transaction date is an administratively important correction but contains no indication of governance irregularities from the text provided. Impact is routine and informational for shareholders monitoring insider ownership.
TL;DR: Insiders acquired RSUs, increasing reported beneficial ownership to 10,733 shares; vesting schedule may modestly dilute over time.
The filing reports acquisition of 9,336 RSUs at $0, representing contingent rights to common stock, and shows total reported beneficial ownership of 10,733 shares following the transaction. Vesting begins October 30, 2025 with 25% and continues quarterly, which spreads future share issuance. The amendment corrects the transaction date to July 30, 2025; no exercise prices or derivative holdings are reported. From a capital structure perspective, this is a routine compensation-related issuance rather than a market transaction.