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Grindr (GRND) awards RSUs and PSUs to Chief Product Officer with VWAP hurdles

Filing Impact
(Moderate)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Grindr Inc. reported equity awards and share withholding for its Chief Product Officer on a Form 4. On 11/30/2025, the officer received 425,000 restricted stock units (RSUs) for common stock at a price of $0, bringing direct beneficial ownership to 946,082 shares immediately after that award and 907,987 shares after a subsequent withholding transaction.

On 12/01/2025, the company withheld 38,095 shares of common stock at $12.85 per share to cover tax obligations on vested RSUs. The RSUs granted on 11/30/2025 vest 20% each year on December 1 from 2026 through 2030, subject to continuous service. The report also discloses performance-based restricted stock units: 20,000 PSUs that vest in 50% tranches if the stock’s volume-weighted average price reaches $16.64 and $20.81 over specified 20-day periods, and 200,000 PSUs that can vest on or before December 31, 2027 if the stock trades at or above $26 for 15 consecutive trading days or if specified market cap or financial metrics are achieved, in all cases requiring continued service.

Positive

  • None.

Negative

  • None.
Insider Balance Austin J
Role Chief Product Officer
Type Security Shares Price Value
Tax Withholding Common Stock 38,095 $12.85 $490K
Grant/Award Performance Based Restricted Stock Units 20,000 $0.00 --
Grant/Award Performance Based Restricted Stock Units 200,000 $0.00 --
Grant/Award Common Stock 425,000 $0.00 --
Holdings After Transaction: Common Stock — 907,987 shares (Direct); Performance Based Restricted Stock Units — 20,000 shares (Direct)
Footnotes (1)
  1. Represents the number of shares of the Issuer's common stock ("Common Stock") underlying restricted stock units ("RSUs"). Each RSU represents the contingent right to receive one share of Common Stock upon settlement. 20% of RSUs will vest and settle into Common Stock on December 1, 2026, December 1, 2027, December 1, 2028, December 1, 2029, and December 1, 2030, in each case, 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 date. The Reporting Person is reporting the withholding by the Issuer of 38,095 shares of common stock that vested on December 1, 2025 pursuant to RSUs award but that were not issued in order to satisfy the Reporting Person's tax withholding obligations upon settlement of the RSUs. Each performance-based restricted stock unit ("PSU") represents a contingent right to receive one share of Common Stock. The PSUs will vest 50% if the volume weighted average price ("VWAP") of Common Stock during any period of 20 consecutive trading days during a specified period equals or exceeds $16.64, and 50% of the PSUs will vest if the VWAP of Common Stock during any period of 20 consecutive trading days during a specified period equals or exceeds $20.81, in each case subject to the Reporting Person's Continuous Service (as defined in the 2022 Plan) through each such date. Each PSU represents a contingent right to receive one share of Common Stock. The PSUs will vest on the first occasion on or prior to December 31, 2027 that (a) the VWAP of Common Stock over any period of 15 consecutive trading days equals or exceeds $26, or (b) specified market cap or financial performance conditions are met, in each case subject to the Reporting Person's Continuous Service (as defined in the 2022 Plan) through each such date.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Balance Austin J
(Last) (First) (Middle)
C/O GRINDR INC.
750 N.SAN VICENTE BLVD. STE RE1400
(Street)
WEST HOLLYWOOD CA 90069
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Grindr Inc. [ GRND ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Product Officer
3. Date of Earliest Transaction (Month/Day/Year)
11/30/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 11/30/2025 A 425,000(1) A $0 946,082 D
Common Stock 12/01/2025 F(2) 38,095 D $12.85 907,987 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Performance Based Restricted Stock Units (3) 11/30/2025 A 20,000 (3) (3) Common Stock 20,000 $0 20,000 D
Performance Based Restricted Stock Units (4) 11/30/2025 A 200,000 (4) 12/31/2027 Common Stock 200,000 $0 200,000 D
Explanation of Responses:
1. Represents the number of shares of the Issuer's common stock ("Common Stock") underlying restricted stock units ("RSUs"). Each RSU represents the contingent right to receive one share of Common Stock upon settlement. 20% of RSUs will vest and settle into Common Stock on December 1, 2026, December 1, 2027, December 1, 2028, December 1, 2029, and December 1, 2030, in each case, 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 date.
2. The Reporting Person is reporting the withholding by the Issuer of 38,095 shares of common stock that vested on December 1, 2025 pursuant to RSUs award but that were not issued in order to satisfy the Reporting Person's tax withholding obligations upon settlement of the RSUs.
3. Each performance-based restricted stock unit ("PSU") represents a contingent right to receive one share of Common Stock. The PSUs will vest 50% if the volume weighted average price ("VWAP") of Common Stock during any period of 20 consecutive trading days during a specified period equals or exceeds $16.64, and 50% of the PSUs will vest if the VWAP of Common Stock during any period of 20 consecutive trading days during a specified period equals or exceeds $20.81, in each case subject to the Reporting Person's Continuous Service (as defined in the 2022 Plan) through each such date.
4. Each PSU represents a contingent right to receive one share of Common Stock. The PSUs will vest on the first occasion on or prior to December 31, 2027 that (a) the VWAP of Common Stock over any period of 15 consecutive trading days equals or exceeds $26, or (b) specified market cap or financial performance conditions are met, in each case subject to the Reporting Person's Continuous Service (as defined in the 2022 Plan) through each such date.
/s/ Bella Zaslavsky, Attorney-in-Fact 12/02/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

What equity awards did Grindr (GRND) grant to its Chief Product Officer?

The Chief Product Officer received 425,000 restricted stock units (RSUs) for Grindr common stock on 11/30/2025, each RSU representing the right to receive one share upon settlement.

How do the newly granted Grindr (GRND) RSUs vest for the executive?

The 425,000 RSUs will vest and settle 20% each year on December 1, 2026, 2027, 2028, 2029, and 2030, subject to the executive’s continuous service under Grindr’s 2022 Equity Incentive Plan.

Why were 38,095 Grindr (GRND) shares withheld on 12/01/2025?

On 12/01/2025, Grindr withheld 38,095 shares of common stock at $12.85 per share that had vested under an RSU award but were not issued, in order to satisfy the executive’s tax withholding obligations upon RSU settlement.

What are the performance conditions for the 20,000 Grindr (GRND) PSUs?

Each of the 20,000 performance-based RSUs (PSUs) represents one share of common stock. 50% vest if the stock’s VWAP over any 20 consecutive trading days meets or exceeds $16.64, and the remaining 50% vest if VWAP over a 20-day period meets or exceeds $20.81, subject to continuous service during the specified periods.

What are the vesting triggers for the 200,000 Grindr (GRND) performance-based RSUs?

The 200,000 PSUs vest on the first occasion on or before December 31, 2027 that either (a) the stock’s VWAP over any 15 consecutive trading days is at least $26, or (b) specified market cap or financial performance goals are achieved, if the executive remains in continuous service.

How many Grindr (GRND) common shares does the executive beneficially own after these transactions?

After the reported 11/30/2025 RSU grant and the 12/01/2025 tax withholding transaction, the Chief Product Officer directly beneficially owns 907,987 shares of Grindr common stock.