Grindr (NYSE: GRND) CLO sells 10,172 shares, still holds 680K
Rhea-AI Filing Summary
Grindr Inc. (GRND) reported that officer Zachary Katz, CLO and Head of Global Affairs, sold 10,172 shares of common stock on August 17, 2026 in an open-market or private transaction at a weighted average price of $15.83 per share. The shares were sold under a Rule 10b5-1 trading plan adopted March 18, 2026, indicating the trades were pre-arranged. Following these sales, Katz directly owns 680,000 shares of Grindr common stock.
Positive
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Negative
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Insider Trade Summary 10b5-1
Net Seller: 10,172 shares
Net Sell
1 txn
Insider
Katz Zachary
Role
CLO and Head of Global Affairs
Sold
10,172 shs ($161K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1, F2 | 10,172 | $15.83 | $161K |
Holdings After Transaction:
Common Stock — 680,000 shares (Direct)
Footnotes (2)
- F1. The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan, adopted March 18, 2026.
- F2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $15.44 to $15.96, 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: 10,172 shares
Weighted average sale price: $15.83 per share
Sale price range: $15.44–$15.96 per share
+2 more
5 metrics
Shares sold
10,172 shares
Non-derivative common stock sale on August 17, 2026
Weighted average sale price
$15.83 per share
Average price for the 10,172 GRND shares sold
Sale price range
$15.44–$15.96 per share
Range of individual transaction prices for the reported sale
Shares owned after transaction
680,000 shares
Direct GRND common stock holdings after August 17, 2026 sale
Net shares sold
10,172 shares
Net sell activity in this Form 4 according to transaction summary
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 ... 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
"transaction_code_description: Sale in open market or private transaction"
FAQ
What insider transaction did GRND report for Zachary Katz on August 17, 2026?
Grindr’s CLO Zachary Katz sold 10,172 GRND common shares on August 17, 2026 at a weighted average price of $15.83 per share in an open-market or private transaction under a Rule 10b5-1 trading plan.
What type of transaction does the Form 4 report for GRND insider Zachary Katz?
The filing describes the event as a sale of common stock, coded “S” for sale in an open market or private transaction. It covers non-derivative GRND common shares and reports direct ownership both before and after the transaction.
AI-generated analysis. How Rhea-AI works. Not financial advice.