Grindr (GRND) CEO gifts 175K shares, retains 1.37M in stock
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Grindr Inc. director and CEO George Arison reported a bona fide gift of 175,000 shares of Common Stock to The Arison Family Management Trust. The trust is for the benefit of his spouse and children, and its independent trustee, not Arison, has investment control over the securities.
After this gift, Arison directly holds 1,370,268 Common Stock shares. In addition, 150,000 shares are held of record by The George Arison 2024 GRAT and 22,500 shares are held of record by The George Arison 2026 GRAT as indirect holdings.
Positive
- None.
Negative
- None.
Insider Trade Summary
175,000 shares gifted
Mixed
3 txns
Insider
Arison George
Role
CHIEF EXECUTIVE OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 175,000 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 1,370,268 shares (Direct, null);
Common Stock — 22,500 shares (Indirect, See footnote)
Footnotes (1)
- This transaction involved the Reporting Person's gift of 175,000 shares of the Issuer's common stock to The Arison Family Management Trust, established for the benefit of the Reporting Person's spouse and children and exempt under Rule 16b-5. The trustee of the trust is independent of the Reporting Person and the Reporting Person has no investment control over the securities in the trust. Accordingly, the Reporting Person does not claim beneficial ownership of the securities held by the trust and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose. The shares are held of record by The George Arison 2024 GRAT. The shares are held of record by The George Arison 2026 GRAT.
Key Figures
Gifted shares: 175,000 shares
Gift price: $0.00 per share
Direct holdings after gift: 1,370,268 shares
+3 more
6 metrics
Gifted shares
175,000 shares
Bona fide gift of Common Stock
Gift price
$0.00 per share
Reported transaction price for gifted shares
Direct holdings after gift
1,370,268 shares
Common Stock directly held following transaction
2024 GRAT holdings
150,000 shares
Held of record by The George Arison 2024 GRAT
2026 GRAT holdings
22,500 shares
Held of record by The George Arison 2026 GRAT
Gifted shares summary
175,000 shares
GiftShares in transactionSummary
Key Terms
bona fide gift, Rule 16b-5, Section 16, GRAT, +1 more
5 terms
bona fide gift financial
"This transaction involved the Reporting Person's gift of 175,000 shares of the Issuer's common stock"
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
Rule 16b-5 regulatory
"established for the benefit of the Reporting Person's spouse and children and exempt under Rule 16b-5"
Section 16 regulatory
"shall not be deemed an admission that the Reporting Person is the beneficial owner of the securities for purposes of Section 16"
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
GRAT financial
"The shares are held of record by The George Arison 2024 GRAT."
beneficial ownership financial
"the Reporting Person does not claim beneficial ownership of the securities held by the trust"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
FAQ
What did Grindr (GRND) CEO George Arison report in this Form 4?
George Arison reported a bona fide gift of 175,000 Grindr Common Stock shares to The Arison Family Management Trust. This transfer was reported at a price of $0.00 per share and is classified as a gift disposition, not an open-market sale.
What indirect Grindr (GRND) holdings are reported for George Arison?
The filing reports indirect holdings of 150,000 shares held of record by The George Arison 2024 GRAT and 22,500 shares held of record by The George Arison 2026 GRAT. These entries are reported as indirect ownership positions in Grindr Common Stock.
Was this Grindr (GRND) insider transaction a market sale or purchase?
The Form 4 describes the transaction as a bona fide gift, coded “G,” at a reported price of $0.00 per share. It is not an open-market sale or purchase, but a transfer of shares to a family trust for estate and family-planning purposes.