Grindr CLO sells 10,172 shares under 10b5-1
Grindr Inc. reported that its CLO and Head of Global Affairs, Zachary Katz, executed an open-market sale of common stock.
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Form Type
4
Rhea-AI Filing Summary
Grindr Inc. reported that its CLO and Head of Global Affairs, Zachary Katz, executed an open-market sale of common stock. On June 17, 2026, he sold 10,172 shares at a weighted average price of $13.29 per share under a pre-arranged Rule 10b5-1 trading plan adopted on March 18, 2026. Following this transaction, Katz directly holds 738,922 shares of Grindr common stock.
Insider Trade Summary 10b5-1
Net Seller: 10,172 shares
Net Sell
1 txn
Insider
Katz Zachary
Role
CLO and Head of Global Affairs
Sold
10,172 shs ($135K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 10,172 | $13.29 | $135K |
Holdings After Transaction:
Common Stock — 738,922 shares (Direct)
Footnotes (2)
- F1. The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan, adopted March 18, 2026.
- F2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $13.06 to $13.47, 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.
Key Figures
Shares sold: 10,172 shares
Weighted average sale price: $13.29 per share
Post-transaction holdings: 738,922 shares
+4 more
7 metrics
Shares sold
10,172 shares
Open-market sale on June 17, 2026
Weighted average sale price
$13.29 per share
Common stock sold June 17, 2026
Post-transaction holdings
738,922 shares
Shares directly held after June 17, 2026 sale
Net shares sold in period
10,172 shares
Net-sell direction from transaction summary
Sale price range
$13.06–$13.47 per share
Multiple trades included in the reported sale
10b5-1 plan adoption date
March 18, 2026
Pre-arranged trading plan governing the sale
Transaction date
June 17, 2026
Date of reported open-market sale
Key Terms
Rule 10b5-1 trading plan, weighted average price, open-market sale, Reporting Person
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, adopted March 18, 2026."
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.
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
open-market sale financial
"transaction_action": "open-market sale""
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.
Reporting Person regulatory
"The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer..."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Grindr (GRND) disclose for Zachary Katz?
Grindr disclosed that Zachary Katz sold 10,172 shares of common stock on June 17, 2026. The open-market sale occurred at a weighted average price of $13.29 per share and was executed under a pre-arranged Rule 10b5-1 trading plan.
Was the Grindr (GRND) insider sale by Zachary Katz under a Rule 10b5-1 plan?
Yes. The filing states the sales were effected pursuant to a Rule 10b5-1 trading plan. That plan was adopted on March 18, 2026, indicating the June 17, 2026 transactions were pre-arranged rather than newly decided at the time of execution.
What does net-sell direction mean in this Grindr (GRND) Form 4 filing?
The filing’s summary shows a net-sell direction of 10,172 shares for this period. That reflects one open-market sale transaction, with no offsetting purchases or option exercises reported, resulting in a net reduction of Katz’s directly held Grindr shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
