Grindr (GRND) director Lisa Gersh awarded new RSU grants of common stock
Rhea-AI Filing Summary
Gersh Lisa reported acquisition or exercise transactions in this Form 4 filing.
Grindr Inc. director Lisa Gersh reported equity awards of company stock. On June 2, 2026, she received two grants of restricted stock units (RSUs) covering 1,734 and 13,593 shares of Common Stock, each at a grant price of $0.00 per share.
Each RSU represents the right to receive one share upon settlement. For both awards, one quarter of the RSUs vest and settle into Common Stock every three months on the same calendar day as the grant date, conditioned on her continued service. One grant will fully vest no later than immediately before Grindr’s 2027 annual stockholder meeting or an earlier qualifying change in control, while the other will fully vest immediately before a qualifying change in control, in each case subject to continuous service.
Positive
- None.
Negative
- None.
Insights
Director received time-based RSU grants as routine equity compensation.
Grindr Inc. granted director Lisa Gersh RSUs for 1,734 and 13,593 shares of Common Stock on June 2, 2026. The grants carry a $0.00 grant price, indicating stock-based compensation rather than a cash investment.
The RSUs vest quarterly over time, with full vesting tied to continued board service and, for each grant, potential acceleration upon a qualifying change in control or, for one award, before the 2027 annual stockholder meeting. Such director equity awards are common and align incentives with shareholders without signaling open-market buying or selling.
No derivative positions are reported in this filing, so these RSUs represent additional future share exposure for the director once they vest and settle. The economic impact depends on Grindr’s share price at each vesting date.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 13,593 | $0.00 | -- |
| Grant/Award | Common Stock | 1,734 | $0.00 | -- |
Footnotes (1)
- Represents the number of shares of the Issuer's common stock ("Common Stock") underlying restricted stock units ("RSUs") granted on June 2, 2026. Each RSU represents the contingent right to receive one share of Common Stock upon settlement. 1/4th of the RSUs vest and settle into Common Stock every three months on the same day of the month as the grant date, subject to the Reporting Person's Continuous Service (as defined in the Issuer's Amended and Restated 2022 Equity Incentive Plan (the "2022 Plan")) through each such vesting date; provided, that the RSUs will in any event vest in full on the earlier to occur of (1) immediately prior to the Issuer's 2027 annual stockholder meeting, and (2) immediately prior to the effective time of a Change in Control (as defined in the 2022 Plan), subject to the Reporting Person's Continuous Service through the applicable time. Represents the number of shares of the Issuer's Common Stock underlying RSUs granted on June 2, 2026. Each RSU represents the contingent right to receive one share of Common Stock upon settlement. 1/4th of the RSUs vest and settle into Common Stock every three months on the same day of the month as the grant date, subject to the Reporting Person's Continuous Service (as defined in the 2022 Plan) through each such vesting date; provided, that the RSUs will vest in full immediately prior to the effective time of a Change in Control (as defined in the 2022 Plan), subject to the Reporting Person's Continuous Service through such time.