Grindr Board Member's Stock Sale Shows Continued Confidence Despite Profit-Taking
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Grindr Director Nathan Richardson has reported a sale of 1,000 shares of common stock on June 16, 2025, at a weighted average price of $23.45 per share. The transaction was executed through a pre-established Rule 10b5-1 trading plan adopted on May 15, 2024.
Following the transaction, Richardson continues to hold 15,126 shares directly. The shares were sold in multiple transactions at prices ranging from $23.08 to $23.61 per share.
Key details of the Form 4 filing:
- Transaction was executed pursuant to a Rule 10b5-1 plan, indicating pre-planned trading activity
- Sale represents a partial reduction of Richardson's holdings
- Transaction value approximately $23,450
- Filing was signed by attorney-in-fact Bella Zaslavsky on June 18, 2025
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 1,000 shares ($23,450)
Net Sell
1 txn
Insider
Richardson Nathan
Role
Director
Sold
1,000 shs ($23K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 1,000 | $23.45 | $23K |
Holdings After Transaction:
Common Stock — 15,126 shares (Direct)
Footnotes (1)
- The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan, adopted May 15, 2024. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $23.08 to $23.61, 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.
FAQ
Was GRND Director Richardson's stock sale part of a pre-planned trading plan?
Yes, the sales were executed pursuant to a Rule 10b5-1 trading plan that was adopted on May 15, 2024.
What position does Nathan Richardson hold at GRND?
Nathan Richardson serves as a Director of Grindr Inc. (GRND), as indicated by the 'X' marked in the Director box on the Form 4 filing.