Grindr (GRND) director and major holder granted new RSU awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Zage George Raymond III reported acquisition or exercise transactions in this Form 4 filing.
Grindr Inc. director and significant shareholder George Raymond Zage III reported new equity awards in the form of restricted stock units (RSUs) tied to the company’s common stock. He received grants covering 867 shares and 13,593 shares, at a stated price of $0.00 per share as compensation, not open-market purchases.
The RSUs each represent the right to receive one share of common stock upon settlement and vest in quarterly installments, with provisions for full vesting upon certain events such as the 2027 annual stockholder meeting or a change in control, subject to continued service. Following these awards, he directly holds 8,126,876 common shares and has additional indirect holdings through entities including Tiga Eighty-Eight Pte. Ltd. and Big Timber Holdings, LLC.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Zage George Raymond III
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 13,593 | $0.00 | -- |
| Grant/Award | Common Stock | 867 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 8,126,876 shares (Direct, null);
Common Stock — 1,385,507 shares (Indirect, By LLC)
Footnotes (1)
- Represents the number of shares of the Issuer's common stock ("Common Stock") underlying restricted stock units ("RSUs") granted on June 2, 2026. Each RSU represents the contingent right to receive one share of Common Stock upon settlement. 1/4th of the RSUs vest and settle into Common Stock every three months on the same day of the month as the grant date, 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 vesting date; provided, that the RSUs will in any event vest in full on the earlier to occur of (1) immediately prior to the Issuer's 2027 annual stockholder meeting, and (2) immediately prior to the effective time of a Change in Control (as defined in the 2022 Plan), subject to the Reporting Person's Continuous Service through the applicable time. Represents the number of shares of the Issuer's Common Stock underlying RSUs granted on June 2, 2026. Each RSU represents the contingent right to receive one share of Common Stock upon settlement. 1/4th of the RSUs vest and settle into Common Stock every three months on the same day of the month as the grant date, subject to the Reporting Person's Continuous Service (as defined in the 2022 Plan) through each such vesting date; provided, that the RSUs will vest in full immediately prior to the effective time of a Change in Control (as defined in the 2022 Plan), subject to the Reporting Person's Continuous Service through such time. Shares held by Big Timber Holdings, LLC, a Nevis limited liability company ("Big Timber"). The Reporting Person is the Manager and sole member of Big Timber and exercises ultimate voting and investment power over the shares of the Issuer's common stock held by Big Timber. The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein. The inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose. Shares held by Tiga Eighty-Eight Pte. Ltd., which is 100% indirectly owned by the Reporting Person. The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein. The inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
Key Figures
RSU grant 1: 867 shares
RSU grant 2: 13,593 shares
Direct common shares after awards: 8,126,876 shares
+2 more
5 metrics
RSU grant 1
867 shares
RSUs granted on June 2, 2026 at $0.00 per share
RSU grant 2
13,593 shares
RSUs granted on June 2, 2026 at $0.00 per share
Direct common shares after awards
8,126,876 shares
Total direct Grindr common stock following reported transactions
Indirect holding via Tiga Eighty-Eight
85,926,333 shares
Common stock held by Tiga Eighty-Eight Pte. Ltd.
Indirect holding via Big Timber
1,385,507 shares
Common stock held by Big Timber Holdings, LLC
Key Terms
restricted stock units ("RSUs"), Continuous Service, Change in Control, 2022 Equity Incentive Plan, +1 more
5 terms
restricted stock units ("RSUs") financial
"Represents the number of shares of the Issuer's common stock ("Common Stock") underlying restricted stock units ("RSUs") granted on June 2, 2026."
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
Continuous Service financial
"subject to the Reporting Person's Continuous Service (as defined in the Issuer's Amended and Restated 2022 Equity Incentive Plan (the "2022 Plan"))"
Change in Control financial
"will in any event vest in full on the earlier to occur of (1) immediately prior to the Issuer's 2027 annual stockholder meeting, and (2) immediately prior to the effective time of a Change in Control"
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
2022 Equity Incentive Plan financial
"as defined in the Issuer's Amended and Restated 2022 Equity Incentive Plan (the "2022 Plan")"
Section 16 financial
"shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose."
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
FAQ
What insider transactions did George Raymond Zage III report for Grindr (GRND)?
George Raymond Zage III reported two equity compensation awards tied to Grindr common stock: RSU grants covering 867 shares and 13,593 shares. These awards were recorded at a $0.00 per-share price, reflecting compensation grants rather than open-market purchases.
How do the new RSU grants for GRND vest for George Raymond Zage III?
Each RSU represents one Grindr common share and vests in quarterly installments. Footnotes state that portions vest every three months, with provisions allowing full vesting upon the 2027 annual stockholder meeting or a change in control, assuming continuous service through the relevant dates.
Are the GRND RSU awards to George Raymond Zage III open-market purchases?
No. The Form 4 classifies both transactions with code “A”, described as grant, award, or other acquisition. The reported per-share price is $0.00, indicating compensation-related RSU grants rather than open-market buying or selling of Grindr common stock.
What conditions affect full vesting of the GRND RSUs granted to George Raymond Zage III?
Footnotes state that RSUs may vest fully immediately before Grindr’s 2027 annual stockholder meeting or immediately before the effective time of a Change in Control, in each case conditioned on the reporting person’s continuous service under the 2022 Equity Incentive Plan.