Major Grindr (NYSE: GRND) holder’s entity sells 1.45M shares around $10
Rhea-AI Filing Summary
Grindr Inc. insider activity: An entity associated with major shareholder James Fu Bin Lu, Longview Grindr Holdings Limited, sold common stock over three days. It sold 375,000 shares on February 4, 2026 at a weighted average price of $10.13, 600,000 shares on February 5, 2026 at $10.07, and 475,000 shares on February 6, 2026 at $10.01, for a total of 1,450,000 shares.
After these sales, Longview Grindr Holdings Limited held 18,432,101 Grindr shares indirectly for Lu, while he also directly held 4,455 shares. The prices reported are weighted averages for multiple trades within stated price ranges.
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Insights
Large shareholder entity trims Grindr stake but remains a major holder.
An entity associated with James Fu Bin Lu, a more than 10% owner of Grindr Inc., sold a total of 1,450,000 common shares across three days at weighted average prices around
After the sales, the entity still holds 18,432,101 shares indirectly for Lu, and Lu directly holds 4,455 shares. The filing notes he is the sole equityholder of the entities involved but disclaims beneficial ownership beyond his pecuniary interest, underscoring that the sales are executed through Longview Grindr Holdings Limited rather than personally.
The transactions adjust, but do not eliminate, a substantial ownership position. Actual implications for Grindr’s shareholder base depend on future ownership disclosures and any additional Form 4 filings.