Grindr (NASDAQ: GRND) director sells 3,500 shares in 10b5-1 plan
Rhea-AI Filing Summary
Grindr Inc. (GRND) director Daniel Brooks Baer reported selling 3,500 shares of common stock on August 19, 2026 in an open-market transaction at a weighted average price of $15.65 per share, with individual trade prices between $15.49 and $15.94. The sale was made under a Rule 10b5-1 trading plan adopted May 20, 2026. Following this transaction, Baer directly holds 47,912 shares of Grindr common stock.
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Insider Trade Summary 10b5-1
Net Seller: 3,500 shares
Net Sell
1 txn
Insider
Baer Daniel Brooks
Role
Director
Sold
3,500 shs ($55K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1, F2 | 3,500 | $15.65 | $55K |
Holdings After Transaction:
Common Stock — 47,912 shares (Direct)
Footnotes (2)
- F1. The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan, adopted May 20, 2026.
- F2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $15.49 to $15.94, 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: 3,500 shares
Weighted average sale price: $15.65 per share
Sale price range: $15.49–$15.94 per share
+2 more
5 metrics
Shares sold
3,500 shares
Common Stock sold by Daniel Brooks Baer on August 19, 2026
Weighted average sale price
$15.65 per share
Average price for 3,500 GRND shares sold
Sale price range
$15.49–$15.94 per share
Range of prices for multiple trades making up the reported sale
Shares owned after transaction
47,912 shares
Direct GRND holdings of Daniel Brooks Baer following the sale
Net shares sold (Form 4 summary)
3,500 shares
Net sell activity reported across all transactions in this filing
Key Terms
Rule 10b5-1 trading plan, weighted average price, open market or private transaction
3 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.
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 or private transaction financial
"Sale in open market or private transaction"
FAQ
What insider transaction did GRND director Daniel Brooks Baer report?
Daniel Brooks Baer reported selling 3,500 shares of Grindr Inc. common stock on August 19, 2026. The shares were sold in open-market transactions at a weighted average price of $15.65 per share, with individual sale prices between $15.49 and $15.94.
Was the GRND insider sale made under a Rule 10b5-1 trading plan?
Yes. The filing states that the sales were effected pursuant to a Rule 10b5-1 trading plan adopted on May 20, 2026. Such plans pre-arrange trades, which can reduce the informational value of the trade timing about the insider’s views.
AI-generated analysis. How Rhea-AI works. Not financial advice.