Director at Grindr (GRND) receives new RSU grants as equity pay
Rhea-AI Filing Summary
Hanna Fadi reported acquisition or exercise transactions in this Form 4 filing.
Grindr Inc. director Fadi Hanna reported two stock awards in the form of restricted stock units (RSUs). On June 2, 2026, he received 1,735 RSU-based shares of Common Stock in one grant and 13,593 RSU-based shares in a separate grant, both at no cash cost.
Each RSU represents a contingent right to receive one share of Common Stock. For both awards, one quarter of the RSUs vests and settles into shares every three months on the grant-date anniversary, as long as he maintains Continuous Service under Grindr’s 2022 Equity Incentive Plan.
One grant will vest fully on the earlier of immediately before Grindr’s 2027 annual stockholder meeting or immediately before a qualifying Change in Control, if service continues. The other grant will vest fully immediately before a Change in Control, subject to the same service condition.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 13,593 | $0.00 | -- |
| Grant/Award | Common Stock | 1,735 | $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.