Grindr (NYSE: GRND) 10% owner Lu sells 415K shares in January 2026
Rhea-AI Filing Summary
Lu James Fu Bin, a 10% owner of Grindr Inc., reported significant insider sales of common stock. On January 9, 2026, he sold 302,939 shares at a weighted average price of $13.22, leaving him with 116,823 directly held shares. On January 12, 2026, he sold an additional 112,368 shares at a weighted average price of $13.23, reducing his directly held position to 4,455 shares.
The reported prices reflect multiple trades within narrow ranges on each date. Separately, 21,733,867 shares are reported as indirectly owned through Longview Grindr Holdings Limited, an entity ultimately controlled by Lu via Longview Capital Group Limited, although he disclaims beneficial ownership of those shares beyond his pecuniary interest.
Positive
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Negative
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Insights
Large Grindr insider trims direct stake but keeps sizable indirect exposure.
Lu James Fu Bin, identified as a 10% owner of Grindr Inc., reported selling a total of 415,307 shares of common stock in open-market transactions on January 9 and 12, 2026. The sales occurred at weighted average prices of about $13.22 and $13.23, which the disclosure notes were composed of multiple individual trades within tight price ranges.
After these transactions, Lu’s directly held position decreased to 4,455 shares, while an additional 21,733,867 shares are listed as indirectly owned through Longview Grindr Holdings Limited. A footnote explains that he ultimately controls that entity but disclaims beneficial ownership beyond his pecuniary interest, so the economic impact depends on how much of that indirect stake he actually owns. There is no discussion here of motives for the sales or any related corporate events.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 112,368 | $13.23 | $1.49M |
| Sale | Common Stock | 302,939 | $13.22 | $4.00M |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $13.20 to $13.34, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $13.20 to $13.28, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range. Longview Capital Group Limited ("LCGL") is the sole equityholder of Longview Grindr Holdings Limited ("LGHL"). The Reporting Person is the sole equityholder of LCGL and exercises ultimate voting and investment power of the equity interests held by LCGL and LGHL. The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein. The inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
