Arison George 4
Research Summary
AI-generated summary
Grindr CEO George Arison Sells 109,972 Shares (Tax Withholding)
What Happened
George Arison, CEO of Grindr Inc. (GRND), reported a disposition on 2026-04-06 in which 109,972 shares were withheld by the company to satisfy tax withholding obligations related to vested restricted stock units (RSUs). The withheld shares were reported at $12.17 per share, for a total reported value of $1,338,359. This was a tax-withholding disposition (transaction code F), not an open-market sale.
Key Details
- Transaction date: 2026-04-06; Filing date: 2026-04-08 (filed within the typical 2-business-day window).
- Shares withheld/disposed: 109,972 at $12.17 per share; total value reported $1,338,359.
- Shares owned after transaction: not specified in this Form 4 (record ownership shown in footnotes).
- Footnotes of note:
- F1: Shares were withheld by the issuer to satisfy tax withholding on RSUs that vested March 12, 2026.
- F2: Arison transferred 150,000 shares to The George Arison 2026 GRAT on March 26, 2026 (transfer exempt under Rule 16a-13).
- F3/F4: Some shares are held of record by The George Arison 2024 GRAT and The George Arison 2026 GRAT.
- Transaction type: tax withholding (code F), not a discretionary sale (code S) or purchase (P).
Context
This is a routine tax-withholding event following RSU settlement: the company retained shares to cover the insider’s tax liability rather than the insider selling shares on the open market. Such withholding transactions are common and do not necessarily indicate a change in insider sentiment about the company’s stock.