Grindr (GRND) CLO gets 28,007 PSUs after performance targets met
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Katz Zachary reported acquisition or exercise transactions in this Form 4 filing.
Grindr Inc. chief legal officer and Head of Global Affairs Zachary Katz received 28,007 shares of common stock on March 12, 2026 through the vesting and settlement of performance-based restricted stock units (PSUs) granted under the company’s Amended and Restated 2022 Equity Incentive Plan.
The compensation committee certified that key performance indicators were achieved above pre-set targets, triggering immediate vesting of these 28,007 PSUs. Following this award, Katz directly holds a total of 759,144 shares of Grindr common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Katz Zachary
Role
CLO and Head of Global Affairs
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 28,007 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 759,144 shares (Direct)
Footnotes (1)
- Shares of the Issuer's common stock issued on vesting and settlement of performance-based restricted stock units ("PSUs") granted under the Issuer's Amended and Restated 2022 Equity Incentive Plan, based on achievement in excess of certain pre-specified target key performance indicators. On March 12, 2026, the compensation committee of the Issuer's board of directors certified achievement of the performance targets, resulting in vesting and settlement of 28,007 PSUs that vested immediately upon issuance. This number reflects a correction in the Reporting Person's beneficial ownership to account for sales effected pursuant to a Rule 10b5-1 trading plan, adopted March 17, 2025, which were previously reported in the Form 4 on November 28, 2025.
FAQ
What insider transaction did Grindr (GRND) report for Zachary Katz?
Grindr reported that Zachary Katz received 28,007 shares of common stock on March 12, 2026. The shares were issued when performance-based restricted stock units vested after key performance indicators were achieved above target under the company’s 2022 Equity Incentive Plan.
What triggered the vesting of Zachary Katz’s 28,007 PSUs at Grindr (GRND)?
The 28,007 performance-based restricted stock units vested when Grindr’s compensation committee certified that certain key performance indicators were achieved above pre-specified target levels. Once certified on March 12, 2026, the PSUs vested and were settled immediately into common stock.
What does the footnote about a Rule 10b5-1 plan mean in this Grindr (GRND) filing?
One footnote explains that Katz’s reported beneficial ownership was corrected for prior sales executed under a Rule 10b5-1 trading plan adopted on March 17, 2025. Those earlier sales were already reported in a Form 4 filed on November 28, 2025.