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.
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Insights
Large Grindr insider trims direct stake but keeps sizable indirect exposure.
Lu James Fu Bin, identified as a
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.