Grindr (GRND) director receives new restricted stock unit awards
Rhea-AI Filing Summary
Baer Daniel Brooks reported acquisition or exercise transactions in this Form 4 filing.
Grindr Inc. director Daniel Brooks Baer reported two equity compensation awards in the form of restricted stock units (RSUs) tied to the company’s common stock. The awards cover 5,205 and 13,593 shares, each at a stated price of $0.00 per share.
Each RSU represents the contingent right to receive one share of common stock and vests in installments, with one quarter vesting and settling into shares every three months, subject to his Continuous Service under Grindr’s Amended and Restated 2022 Equity Incentive Plan. The RSUs can vest in full earlier, including immediately prior to the 2027 annual stockholder meeting or upon a Change in Control as defined in the plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 13,593 | $0.00 | -- |
| Grant/Award | Common Stock | 5,205 | $0.00 | -- |
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.