[Form 4] Grindr Inc. Insider Trading Activity
Rhea-AI Filing Summary
Vandana Mehta-Krantz, Chief Financial Officer of Grindr Inc. (GRND), reported two sales of common stock on 08/11/2025. The filing shows a sale of 13,018 shares at a weighted average price of $16.60 (trades ranged $15.86–$16.85) and a sale of 30,547 shares at a weighted average price of $17.02 (trades ranged $16.86–$17.31).
The disclosure states these sales were effected pursuant to a Rule 10b5-1 trading plan adopted March 17, 2025. The reported beneficial ownership after the first sale was 718,594 shares and after the second sale 688,047 shares.
Positive
- Sales executed under a Rule 10b5-1 trading plan, providing a documented, prearranged framework for the transactions.
- Detailed price ranges and weighted averages disclosed for each block of shares sold, enhancing transparency.
Negative
- Total of 43,565 shares sold (13,018 and 30,547), which reduced the reporting person's direct beneficial ownership to 688,047 shares after the reported transactions.
Insights
TL;DR: CFO completed two pre-arranged sales totaling 43,565 shares under a 10b5-1 plan; no derivatives or unusual transactions reported.
The Form 4 discloses two discrete sales on 08/11/2025: 13,018 shares at a weighted average of $16.60 and 30,547 shares at $17.02. Both transactions are identified with Transaction Code "S" and were executed under a Rule 10b5-1 plan adopted March 17, 2025. No derivative holdings or option exercises are listed on the form. The filings report direct beneficial ownership figures of 718,594 and 688,047 shares following the respective sales, showing the filings reflect only straightforward, pre-scheduled dispositions.
TL;DR: Reported sales follow a documented 10b5-1 plan, signaling pre-scheduled dispositions rather than ad hoc insider selling.
The reporting person is identified as the company's Chief Financial Officer and the Form 4 notes that the sales were effected pursuant to a Rule 10b5-1 trading plan adopted March 17, 2025. The filing provides weighted-average prices and explicit price ranges for the multiple transactions that comprise each reported sale. Signature was provided by an attorney-in-fact, and there are no amendments or derivative transactions disclosed on this form. From a governance perspective, the presence of a 10b5-1 plan increases transparency around timing of the sales.