Director/10% owner acquires 1,000,000 GRND shares in private sale
Rhea-AI Filing Summary
Grindr (GRND): A director and 10% owner reported buying 1,000,000 shares of common stock at $13.15 per share in a private sale on October 9, 2025, from Longview Grindr Holdings Limited.
Following the transaction, the reporting person beneficially owns 7,733,283 shares directly; 85,926,333 shares indirectly through Tiga Eighty-Eight Pte. Ltd.; and 1,060,507 shares indirectly through Big Timber Holdings, LLC.
Positive
- None.
Negative
- None.
Insights
Large insider buy: Director/10% owner acquired 1,000,000 GRND shares in a private sale, increasing direct holdings; sizable indirect stakes disclosed with disclaimers.
The filing reports a purchase of 1,000,000 shares of Grindr Inc. common stock on
This is an insider purchase, not a sale, and it increases direct exposure. The acquisition occurred off-market, which indicates a negotiated transfer rather than open-market activity. Disclaimers clarify that indirect holdings are reported for completeness, with pecuniary-interest limits as customary under Section 16.
Key items to watch: any subsequent Form 4 activity that alters direct or indirect positions, and whether additional transfers occur from the same counterparty. The transaction date