Grindr (GRND) director sells 1,500 shares under Rule 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Grindr Inc. director Nathan Richardson sold shares in a planned trade. He completed an open-market sale of 1,500 shares of Grindr common stock at a price of $12.59 per share on June 1, 2026. After this transaction, he directly holds 6,833 common shares. The filing notes that this sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted on August 11, 2025, indicating the trade was scheduled in advance rather than timed opportunistically.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 1,500 shares ($18,885)
Net Sell
1 txn
Insider
Richardson Nathan
Role
null
Sold
1,500 shs ($19K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 1,500 | $12.59 | $19K |
Holdings After Transaction:
Common Stock — 6,833 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 1,500 shares
Sale price per share: $12.59 per share
Shares held after transaction: 6,833 shares
+1 more
4 metrics
Shares sold
1,500 shares
Open-market sale of Grindr common stock on June 1, 2026
Sale price per share
$12.59 per share
Price received in the June 1, 2026 open-market sale
Shares held after transaction
6,833 shares
Director’s direct holdings following the reported sale
Trading plan adoption date
August 11, 2025
Adoption date of Rule 10b5-1 plan governing the sale
Key Terms
Rule 10b5-1 trading plan, open-market sale, Form 4
3 terms
Rule 10b5-1 trading plan regulatory
"The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
open-market sale financial
"transaction_action: "open-market sale" for 1,500 shares of Common Stock"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
Form 4 regulatory
"The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan"
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 did Grindr (GRND) director Nathan Richardson report in this Form 4?
Nathan Richardson reported an open-market sale of 1,500 Grindr common shares. The shares were sold at $12.59 per share, and the transaction was disclosed as a routine insider trade under SEC Form 4 reporting rules.
Does this Grindr (GRND) Form 4 show any option exercises or derivative trades?
No derivative transactions are shown in this Form 4 excerpt. The filing lists only a non-derivative transaction: an open-market sale of 1,500 common shares, with no option exercises or other derivative activity reported in the provided data.