Gersh Lisa 4
Research Summary
AI-generated summary
Grindr (GRND) Director Lisa Gersh Receives RSU Award
What Happened
- Lisa Gersh, a director of Grindr, was granted two restricted stock unit (RSU) awards on June 2, 2026: 13,593 RSUs and 1,734 RSUs (total 15,327 RSUs). Each RSU represents the contingent right to receive one share of Grindr common stock upon settlement. The awards were reported at $0.00 cash price (they are grants, not open-market purchases).
Key Details
- Transaction date: June 2, 2026; Filing date: June 4, 2026 (Form 4) — timely filing.
- Transaction type/code: A = Award/Grant (RSUs).
- Amounts: 13,593 RSUs (Footnote F1) and 1,734 RSUs (Footnote F2); total 15,327 RSUs.
- Vesting (F1): 1/4 of the 13,593 RSUs vest and settle every three months on the grant date anniversary; all will vest in full on the earlier of immediately prior to Grindr’s 2027 annual meeting or immediately prior to a Change in Control, subject to continuous service.
- Vesting (F2): 1/4 of the 1,734 RSUs vest and settle every three months on the grant date anniversary; the remaining RSUs vest in full immediately prior to a Change in Control, subject to continuous service.
- Shares owned after the transaction: Not specified in the filing.
- No tax-withholding sales, 10b5-1 plan, or other sale/exercise noted in this report.
Context
- RSUs are compensation awards that convert into shares upon vesting/settlement; they are not immediate cash purchases or sales and do not necessarily signal near-term buying or selling by the insider. The differing footnotes indicate slightly different acceleration provisions for the two grants (one includes an acceleration tied to the 2027 annual meeting).