Major Grindr (GRND) holder Jeremy Brest reports 6.3% stake with 10.2M shares pledged
Rhea-AI Filing Summary
Grindr Inc. shareholder Jeremy Leonard Brest reports owning 11,706,404 shares of common stock, representing 6.3% of Grindr’s outstanding shares. This percentage is based on 185,147,713 shares of common stock reported outstanding in Grindr’s Form 10-K filed on March 2, 2026.
Brest has sole voting and dispositive power over all 11,706,404 shares. He has pledged 10,206,404 of these shares as collateral for market standard margin loans from financial institutions, while retaining voting and dispositive power unless a loan default occurs.
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Insights
Large Grindr holder maintains 6.3% stake, heavily margin-pledged.
Jeremy Leonard Brest reports beneficial ownership of 11,706,404 Grindr common shares, or 6.3% of the class, based on 185,147,713 shares outstanding in the company’s Form 10-K filed on March 2, 2026. He holds sole voting and dispositive power over this entire position.
A key update is that Brest has pledged 10,206,404 shares as collateral for market standard margin loans from financial institutions. He retains voting and dispositive power unless an event of default occurs, at which point lenders could require delivery or sale of pledged shares.
This structure means most of his stake is encumbered by borrowing arrangements, and lender actions following any default would drive outcomes for those pledged shares. Schedule A, referenced in the amendment, lists all transactions in Grindr stock over the prior 60 days for additional context on recent trading activity.