Grindr director sells 500K shares at ~$15.5
Grindr Inc. (GRND) director and ten percent owner George Raymond Zage III reported open-market sales of a total of 500,000 shares of Common Stock on September 16–17, 2026 under a Rule 10b5-1 trading plan adopted June 17, 2026.
Rhea-AI Filing Summary
Grindr Inc. (GRND) director and ten percent owner George Raymond Zage III reported open-market sales of a total of 500,000 shares of Common Stock on September 16–17, 2026 under a Rule 10b5-1 trading plan adopted June 17, 2026. The filing also lists large indirect holdings through Big Timber Holdings, LLC and Tiga Eighty-Eight Pte. Ltd., for which he disclaims beneficial ownership beyond his pecuniary interest.
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Insights
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Insider Trade Summary 10b5-1
Net Seller: 500,000 shares
Net Sell
4 txns
Insider
Zage George Raymond III
Role
Director, 10% Owner
Sold
500,000 shs ($7.78M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1, F3 | 166,400 | $15.41 | $2.56M |
| Sale | Common Stock F1, F2 | 333,600 | $15.62 | $5.21M |
| holding | Common Stock F4 | -- | -- | -- |
| holding | Common Stock F5 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 7,627,743 shares (Direct);
Common Stock — 1,385,507 shares (Indirect, By LLC);
Common Stock — 85,926,333 shares (Indirect, By Tiga Eighty-Eight Pte Ltd.)
Footnotes (5)
- 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 $15.32 to $15.83, 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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $15.25 to $15.50, 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.
- F4. 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.
- F5. 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
Shares sold September 16, 2026: 333,600 shares
Weighted average price September 16, 2026: $15.62 per share
Shares sold September 17, 2026: 166,400 shares
+4 more
7 metrics
Shares sold September 16, 2026
333,600 shares
Open-market or private sale of Grindr Inc. Common Stock
Weighted average price September 16, 2026
$15.62 per share
Sales in multiple transactions between $15.32 and $15.83
Shares sold September 17, 2026
166,400 shares
Open-market or private sale of Grindr Inc. Common Stock
Weighted average price September 17, 2026
$15.41 per share
Sales in multiple transactions between $15.25 and $15.50
Total shares sold
500,000 shares
Aggregate of reported September 16–17, 2026 transactions
Indirect holdings via Big Timber Holdings, LLC
1,385,507 shares
Common Stock held by Big Timber Holdings, LLC; beneficial ownership disclaimed except for pecuniary interest
Indirect holdings via Tiga Eighty-Eight Pte. Ltd.
85,926,333 shares
Common Stock held by Tiga Eighty-Eight Pte. Ltd.; beneficial ownership disclaimed except for pecuniary interest
Key Terms
Rule 10b5-1 trading plan, weighted average price, beneficial ownership, pecuniary interest, +1 more
5 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.
weighted average price financial
"The price reported in Column 4 is a weighted average price"
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
beneficial ownership regulatory
"The Reporting Person disclaims beneficial ownership of these shares except to the extent"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"except to the extent of his pecuniary interest therein"
Section 16 regulatory
"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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did GRND director George Raymond Zage III report?
He reported sales totaling 500,000 shares of Grindr Inc. Common Stock on September 16–17, 2026 in open-market or private transactions, as reflected in the Form 4.
Were the GRND insider sales made under a Rule 10b5-1 trading plan?
Yes. A footnote states the sales reported were effected pursuant to a Rule 10b5-1 trading plan adopted June 17, 2026, and the Form 4 indicates the Rule 10b5-1 checkbox as affirmed.
What is the insider’s role at Grindr Inc. (GRND)?
George Raymond Zage III is reported as a director and a ten percent owner of Grindr Inc. in this Form 4 filing.
AI-generated analysis. How Rhea-AI works. Not financial advice.
