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.
Positive
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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 $10 per share. These are open-market sales coded as "S".
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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 475,000 | $10.01 | $4.75M |
| Sale | Common Stock | 600,000 | $10.07 | $6.04M |
| Sale | Common Stock | 375,000 | $10.13 | $3.80M |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $10.00 to $10.50, 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. Longview Capital Group Limited ("LCGL") is the sole equityholder of Longview Grindr Holdings Limited ("LGHL"). The Reporting Person is the sole equityholder of LCGL and exercises ultimate voting and investment power of the equity interests held by LCGL and LGHL. The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein. The inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $9.87 to $10.28, 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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $9.80 to $10.25, 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.
