Grindr (GRND) CLO Zachary Katz sells 12,800 shares in Rule 10b5-1 sale
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Grindr Inc. reported that its CLO and Head of Global Affairs, Zachary Katz, sold 12,800 shares of Common Stock in an open-market transaction at $16.28 per share on July 1, 2026. The sale was executed under a Rule 10b5-1 trading plan adopted on March 18, 2026. Following this transaction, Katz directly holds 713,323 Grindr shares.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 12,800 shares ($208,384)
Net Sell
1 txn
Insider
Katz Zachary
Role
CLO and Head of Global Affairs
Sold
12,800 shs ($208K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 12,800 | $16.28 | $208K |
Holdings After Transaction:
Common Stock — 713,323 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 12,800 shares
Sale price per share: $16.28 per share
Approximate sale value: $208,384
+3 more
6 metrics
Shares sold
12,800 shares
Open-market sale on July 1, 2026
Sale price per share
$16.28 per share
Common Stock transaction
Approximate sale value
$208,384
12,800 shares at $16.28 per share
Shares held after transaction
713,323 shares
Direct ownership following July 1, 2026 sale
Transaction code
S (sale)
Non-derivative Common Stock transaction
Trading plan adoption date
March 18, 2026
Rule 10b5-1 trading plan used for the sale
Key Terms
Rule 10b5-1 trading plan, open-market sale, Common Stock, Form 4
4 terms
Rule 10b5-1 trading plan regulatory
"The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
open-market sale financial
"Transaction action is described as an open-market sale of Common Stock"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
Common Stock financial
"The security title for the reported transaction is Common Stock"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
Form 4 regulatory
"The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did Grindr (GRND) report for Zachary Katz?
Grindr reported an open-market sale by Zachary Katz of 12,800 shares. Katz, the company’s CLO and Head of Global Affairs, sold Common Stock on July 1, 2026, under a Rule 10b5-1 trading plan and now directly holds 713,323 shares.
Was the Grindr (GRND) insider sale made under a Rule 10b5-1 plan?
Yes. The reported Grindr sale was executed under a Rule 10b5-1 trading plan. The footnote states the plan was adopted on March 18, 2026, indicating the July 1, 2026 sale was pre-arranged rather than timed discretionarily by Zachary Katz.
Was the Zachary Katz Grindr (GRND) transaction a purchase or a sale?
The Form 4 shows a sale of Grindr Common Stock by Zachary Katz. The transaction is coded “S” and described as an open-market sale, covering 12,800 shares at $16.28 per share on July 1, 2026.