Grindr (GRND) CPO reports 13,355-share tax withholding on vested RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Grindr Inc. Chief Product Officer Austin J. Balance reported a tax-related share disposition tied to vested equity. On settlement of restricted stock units that vested on March 12, 2026, the company withheld 13,355 shares of common stock to cover his tax withholding obligations rather than issuing those shares.
Following this tax-withholding event, Balance directly holds 931,852 shares of Grindr common stock. This reflects a routine compensation and tax-settlement mechanism rather than an open-market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Balance Austin J
Role
Chief Product Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 13,355 | $12.17 | $163K |
Holdings After Transaction:
Common Stock — 931,852 shares (Direct)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 13,355 shares
Withholding reference price: $12.17 per share
Shares held after transaction: 931,852 shares
+1 more
4 metrics
Shares withheld for taxes
13,355 shares
Withheld to satisfy tax obligations on RSU settlement
Withholding reference price
$12.17 per share
Price per share used for tax-withholding disposition
Shares held after transaction
931,852 shares
Directly owned by Austin J. Balance after withholding
Vesting date of RSUs
March 12, 2026
Date RSUs vested, triggering tax withholding
Key Terms
restricted stock units ("RSUs"), tax withholding obligations, tax-withholding disposition, Form 4
4 terms
restricted stock units ("RSUs") financial
"common stock that vested on March 12, 2026 pursuant to restricted stock units ("RSUs")"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
tax withholding obligations financial
"to satisfy the Reporting Person's tax withholding obligations upon settlement of the RSUs"
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Form 4 regulatory
"INSIDER FILING DATA (Form 4)"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did Grindr (GRND) report for Austin J. Balance?
Grindr reported that Chief Product Officer Austin J. Balance had 13,355 common shares withheld by the company to satisfy tax obligations on vested restricted stock units. This is a tax-withholding disposition, not an open-market trade, and reflects routine equity compensation settlement.
How is the Form 4 transaction for Grindr (GRND) coded and what does it mean?
The transaction is coded “F,” meaning a tax-related disposition where shares are withheld to pay taxes or an exercise price. In this case, 13,355 Grindr common shares were withheld to cover Austin J. Balance’s tax obligations on RSU settlement, rather than being sold on the market.