Grindr (NYSE: GRND) director sells 1,500 shares under 10b5-1 plan
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 Grindr common stock on May 1, 2026 at a price of $13.51 per share. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan adopted on August 11, 2025. Following this sale, Richardson directly holds 8,333 shares of Grindr common stock.
Positive
- None.
Negative
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Insider Trade Summary 10b5-1
Net Seller: 1,500 shares ($20,265)
Net Sell
1 txn
Insider
Richardson Nathan
Role
null
Sold
1,500 shs ($20K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 1,500 | $13.51 | $20K |
Holdings After Transaction:
Common Stock — 8,333 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 1,500 shares
Sale price: $13.51 per share
Shares held after sale: 8,333 shares
3 metrics
Shares sold
1,500 shares
Open-market sale of Grindr common stock on May 1, 2026
Sale price
$13.51 per share
Price for the 1,500 Grindr common shares sold
Shares held after sale
8,333 shares
Direct holdings of Nathan Richardson following the transaction
Key Terms
Form 4, Rule 10b5-1 trading plan, open-market sale, transaction code “S”
4 terms
Form 4 regulatory
"The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
Rule 10b5-1 trading plan regulatory
"were effected pursuant to a Rule 10b5-1 trading plan, adopted August 11, 2025"
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.
transaction code “S” regulatory
"transaction_code": "S", "transaction_code_description": "Sale in open market or private transaction""
FAQ
What insider transaction did Nathan Richardson report at Grindr (GRND)?
Nathan Richardson reported selling 1,500 shares of Grindr common stock in an open-market transaction. The sale was disclosed on Form 4 and reflects a planned disposition executed under a pre-arranged Rule 10b5-1 trading plan adopted earlier.
Was Nathan Richardson’s Grindr (GRND) stock sale under a Rule 10b5-1 plan?
Yes. The Form 4 footnote states the sales were effected under a Rule 10b5-1 trading plan adopted on August 11, 2025. Such plans pre-schedule trades, providing a structured framework for insider transactions over time.
What does the Form 4 transaction code indicate for this Grindr (GRND) trade?
The Form 4 uses transaction code “S,” which indicates a sale in an open market or private transaction. Combined with the description, it confirms Richardson’s 1,500-share transaction was an open-market sale of Grindr common stock.