Grindr (GRND) director Richardson sells 1,500 shares in planned trade
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Grindr Inc. director Nathan Richardson reported an open-market sale of 1,500 shares of Common Stock at $12.17 per share. After this transaction, he directly holds 9,833 shares. The filing notes the sale was executed under a pre-arranged Rule 10b5-1 trading plan, indicating it was scheduled in advance.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 1,500 shares ($18,255)
Net Sell
1 txn
Insider
Richardson Nathan
Role
Director
Sold
1,500 shs ($18K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 1,500 | $12.17 | $18K |
Holdings After Transaction:
Common Stock — 9,833 shares (Direct)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 1,500 shares
Sale price: $12.17 per share
Shares owned after transaction: 9,833 shares
+1 more
4 metrics
Shares sold
1,500 shares
Open-market sale of Grindr Common Stock
Sale price
$12.17 per share
Price for the 1,500-share sale
Shares owned after transaction
9,833 shares
Direct ownership following the sale
Net shares sold
1,500 shares
Net-sell direction in transaction summary
Key Terms
Rule 10b5-1 trading plan, open-market sale, Common Stock
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.
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
Common Stock financial
"security_title": "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What insider transaction did Grindr (GRND) report for Nathan Richardson?
Grindr director Nathan Richardson reported selling 1,500 shares of Common Stock in an open-market transaction. The sale was disclosed in a Form 4 and reflects routine insider activity with remaining direct ownership of 9,833 shares after the transaction.
What type of security did Nathan Richardson trade in Grindr (GRND)?
Nathan Richardson traded Grindr’s Common Stock, selling 1,500 shares in an open-market transaction. The Form 4 specifies this as a non-derivative security, meaning it is the company’s standard equity rather than options or other derivatives.