Grindr GC Zachary Katz Sells $345K in Stock Under Trading Plan
Grindr General Counsel and Head of Global Affairs Zachary Katz has reported a significant insider transaction on June 16, 2025.
Rhea-AI Filing Summary
Grindr General Counsel and Head of Global Affairs Zachary Katz has reported a significant insider transaction on June 16, 2025. Katz sold 14,692 shares of common stock at a weighted average price of $23.47 per share, with individual transaction prices ranging from $23.05 to $23.65.
The transaction was executed under a pre-arranged Rule 10b5-1 trading plan established on March 17, 2025, which provides a safe harbor from insider trading allegations. Following the sale, Katz maintains direct beneficial ownership of 624,497 shares of Grindr common stock.
This transaction represents a planned liquidation of a portion of the executive's holdings, conducted in compliance with SEC regulations for insider trading. The sale was executed through multiple transactions at varying prices within the specified range.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 14,692 | $23.47 | $345K |
Footnotes (2)
- F1. The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan, adopted March 17, 2025.
- F2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $23.05 to $23.65, 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.
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