Grindr Executive Retains Large Stake Despite $1.3M Stock Sale
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Grindr CFO Vandana Mehta-Krantz reported the sale of 56,611 shares of common stock on June 16, 2025 at a weighted average price of $23.47 per share, with individual transactions ranging from $23.04 to $23.67. Following the transaction, the CFO retains beneficial ownership of 752,594 shares held directly.
The transaction was executed under a Rule 10b5-1 trading plan established on March 17, 2025, which provides an affirmative defense against insider trading allegations by pre-scheduling trades according to predetermined criteria.
- Transaction Type: Sale (S)
- Total Transaction Value: Approximately $1.33 million
- Ownership Form: Direct (D)
- Filing Status: Individual filing
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 56,611 shares ($1,328,660)
Net Sell
1 txn
Insider
Mehta-Krantz Vandana
Role
Chief Financial Officer
Sold
56,611 shs ($1.33M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 56,611 | $23.47 | $1.33M |
Holdings After Transaction:
Common Stock — 752,594 shares (Direct)
Footnotes (1)
- The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan, adopted March 17, 2025. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $23.04 to $23.67, 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.
FAQ
Was GRND CFO's June 2025 stock sale part of a pre-planned trading arrangement?
Yes, the sales were executed pursuant to a Rule 10b5-1 trading plan that was adopted on March 17, 2025.
Who signed the Form 4 filing for GRND's CFO Mehta-Krantz?
The Form 4 was signed by Bella Zaslavsky as Attorney-in-Fact on June 18, 2025.