North John F 4
Research Summary
AI-generated summary
Grindr (GRND) CFO John F. North Sells 4,385 Shares
What Happened
- John F. North, Chief Financial Officer of Grindr Inc. (GRND), reported the withholding/disposition of 4,385 shares on April 6, 2026 at $12.17 per share, generating $53,365. This disposition reflects shares withheld by the issuer to satisfy tax withholding obligations upon settlement of restricted stock units (RSUs), not an open-market sale.
Key Details
- Transaction date and price: April 6, 2026 — 4,385 shares at $12.17 per share (total $53,365).
- Nature of transaction: F code — issuer withheld shares to satisfy tax withholding on vested RSUs (net-share settlement/cashless withholding).
- Holdings after transaction: The Form 4 reflects the vesting and settlement of 18,002 performance-based RSUs on March 12, 2026; the filing does not state total common shares owned beyond this disclosure.
- Footnotes: F1 — shares were withheld by the issuer to satisfy tax obligations upon RSU settlement. F2 — corrects a prior Form 4 (filed Mar 23, 2026) that mistakenly reported 18,003 vested RSUs; the correct number is 18,002.
- Timeliness: Report filed April 8, 2026 for a transaction on April 6, 2026 (within the typical two-business-day Form 4 window).
Context
- This was a routine tax-withholding transaction related to the settlement of performance-based RSUs, effectively a net-share settlement rather than an open-market trade; such withholdings are common and do not necessarily indicate buy/sell sentiment. The filing includes a correction to a prior reporting error about the number of vested RSUs.