Grindr director George Raymond Zage III sells 500K shares
The director's reported sales were made under a Rule 10b5-1 plan adopted June 17, 2026.
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Rhea-AI Filing Summary
Grindr Inc. director and 10% owner George Raymond Zage III reported direct sales of 350,000 common shares on October 16, 2026, at $14.228 per share, and 150,000 shares on October 19 at a weighted-average $13.87 per share. Both sales were effected under a Rule 10b5-1 trading plan adopted June 17, 2026.
Reported indirect holdings on October 16 included 1,385,507 shares held by Big Timber Holdings, LLC and 85,926,333 held by Tiga Eighty-Eight Pte. Ltd. Zage is Big Timber’s manager and sole member and exercises ultimate voting and investment power over its shares; Tiga Eighty-Eight is 100% indirectly owned by him. He disclaims beneficial ownership of shares held by both entities except to the extent of his pecuniary interest.
Insider Trade Summary 10b5-1
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1, F2 | 150,000 | $13.87 | $2.08M |
| Sale | Common Stock F1 | 350,000 | $14.228 | $4.98M |
| holding | Common Stock F3 | -- | -- | -- |
| holding | Common Stock F4 | -- | -- | -- |
Footnotes (4)
- F1. The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan, adopted June 17, 2026.
- F2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $13.575 to $14.28, 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.
- F3. 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.
- F4. 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
Key Terms
Rule 10b5-1 trading plan regulatory
weighted average price financial
beneficial ownership regulatory
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