Grindr (GRND) CLO Zachary Katz sells 12,799 shares in planned trade
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Grindr Inc. chief legal officer Zachary Katz reported an open‑market sale of 12,799 shares of common stock at a weighted average price of $14.65 per share. The transaction was executed under a pre‑arranged Rule 10b5‑1 trading plan adopted on March 18, 2026.
Following this sale, Katz directly holds 726,123 shares of Grindr common stock. Because the trade was carried out under a Rule 10b5‑1 plan, its timing reflects a preset schedule rather than a discretionary decision based on recent company developments.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 12,799 shares ($187,505)
Net Sell
1 txn
Insider
Katz Zachary
Role
CLO and Head of Global Affairs
Sold
12,799 shs ($188K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 12,799 | $14.65 | $188K |
Holdings After Transaction:
Common Stock — 726,123 shares (Direct, null)
Footnotes (1)
- The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan, adopted March 18, 2026. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $14.63 to $14.68, 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.
Key Figures
Shares sold: 12,799 shares
Average sale price: $14.65 per share
Post-transaction holdings: 726,123 shares
+2 more
5 metrics
Shares sold
12,799 shares
Open-market sale on June 29, 2026
Average sale price
$14.65 per share
Weighted average across multiple trades
Post-transaction holdings
726,123 shares
Direct ownership after sale
Net shares sold
12,799 shares
Net-sell direction in transaction summary
Price range of trades
$14.63–$14.68
Range of individual sale prices
Key Terms
Rule 10b5-1 trading plan, open-market sale, weighted average price
3 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.
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.
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.
FAQ
What insider transaction did Grindr (GRND) report for Zachary Katz?
Grindr reported that Zachary Katz executed an open-market sale of 12,799 shares of common stock at a weighted average price of $14.65 per share. The transaction was disclosed on a Form 4 insider filing with the Securities and Exchange Commission.
Was the Grindr (GRND) insider sale under a Rule 10b5-1 plan?
Yes. The Form 4 footnote states the sales were effected pursuant to a Rule 10b5-1 trading plan adopted on March 18, 2026. Such plans pre-schedule trades, meaning the timing of these transactions followed a preset arrangement rather than a new trading decision.
What role does Zachary Katz hold at Grindr (GRND)?
Zachary Katz serves as Grindr’s Chief Legal Officer and Head of Global Affairs. His Form 4 filing reflects transactions in his personal holdings of Grindr common stock, providing transparency about equity trades by a senior company executive.