Grindr (NASDAQ: GRND) awards General Counsel RSUs and PSUs with price hurdles
Rhea-AI Filing Summary
Grindr Inc.'s General Counsel and Head of Global Affairs reported receiving new equity awards in the company. On 11/30/2025, the executive acquired 270,000 restricted stock units (RSUs) at a price of $0, bringing total beneficial ownership of common stock to 760,520 shares after the transaction.
The RSUs represent the right to receive one share of common stock per unit, with 20% scheduled to vest annually on November 11 of each year from 2026 through 2030, subject to continuous service. The executive also received performance-based restricted stock units (PSUs) covering 15,000, 60,000, and 60,000 shares, which vest only if stock price and specified market capitalization or financial performance conditions are achieved by dates through December 31, 2027 and March 31, 2029, and if the executive remains in continuous service.
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FAQ
What insider transaction did Grindr (GRND) report for its General Counsel?
The General Counsel and Head of Global Affairs of Grindr Inc. reported receiving 270,000 RSUs and several grants of performance-based restricted stock units (PSUs) on 11/30/2025, all at a price of $0 as equity compensation.
How many Grindr (GRND) shares does the reporting person beneficially own after this Form 4 transaction?
After the reported equity awards, the executive beneficially owns 760,520 shares of Grindr Inc. common stock in direct ownership.
How do the new RSUs for Grindr (GRND) vest for the reporting person?
The 270,000 RSUs vest in five equal installments: 20% on each of November 11, 2026, 2027, 2028, 2029, and 2030, provided the executive maintains continuous service as defined in Grindr's Amended and Restated 2022 Equity Incentive Plan.
What are the stock price conditions for the Grindr (GRND) PSUs granted to the executive?
One PSU grant of 15,000 units vests 50% if the volume weighted average price (VWAP) reaches at least
What additional performance targets apply to the 2027 PSUs for Grindr (GRND)?
A PSU grant of 60,000 units will vest on the first occasion on or before
What are the long-term performance conditions for the 2029 PSUs at Grindr (GRND)?
Another PSU grant of 60,000 units will vest on the first occasion on or before
Is this Grindr (GRND) Form 4 transaction a purchase or a grant of equity?
The Form 4 reflects grants of RSUs and PSUs to the executive at a price of $0 as part of equity compensation, rather than open-market purchases or sales.