Zage George Raymond III 4
4 · Grindr Inc. · Filed Jun 4, 2026
Research Summary
AI-generated summary of this filing
Grindr (GRND) 10% Owner Zage George Raymond III Receives RSUs
What Happened
Zage George Raymond III, reported as a 10% owner of Grindr, Inc. (GRND), was granted two awards of restricted stock units (RSUs) on June 2, 2026 totaling 14,460 RSUs (13,593 RSUs and 867 RSUs). Each RSU represents the contingent right to one share of common stock upon settlement. The grants were issued at $0.00 per share (no cash paid at grant).
Key Details
- Transaction date: June 2, 2026; Form 4 filed June 4, 2026 (appears timely, two days after the transaction).
- Grants: 13,593 RSUs (F1) and 867 RSUs (F2); combined = 14,460 RSUs. Grant price reported as $0.00; total reported cash value at grant = $0.
- Vesting: Per footnotes, each RSU vests/settles into one share. Generally 1/4 of the RSUs vest and settle every three months on the grant-date day; one grant (F1) also provides full vesting on the earlier of immediately prior to the 2027 annual meeting or a Change in Control, and the other (F2) vests in full immediately prior to a Change in Control. Vesting is subject to the reporting person’s continued service.
- Holdings: The filing references shares held by entities controlled by the reporting person (Big Timber Holdings, LLC and Tiga Eighty-Eight Pte. Ltd.) and disclaims beneficial ownership except to the extent of pecuniary interest (F3, F4). The filing excerpt provided does not state the total shares owned after these grants.
- Transaction code: A = Award/Grant.
Context
- RSU grants are not an open-market purchase or sale and do not by themselves indicate buying or selling sentiment; they are compensation/retention awards that convert to shares as they vest.
- As a 10% owner, Zage holds significant indirect positions through affiliated entities; these grants increase his potential future stake as units vest and settle into common stock.
Insider Transaction Report
Form 4
Grindr Inc.GRND
Zage George Raymond III
Director10% Owner
Transactions
- Award
Common Stock
[F1]2026-06-02+13,593→ 8,126,876 total - Award
Common Stock
[F2]2026-06-02+867→ 8,127,743 total
Holdings
- 1,385,507(indirect: By LLC)
Common Stock
[F3] - 85,926,333(indirect: By Tiga Eighty-Eight Pte Ltd.)
Common Stock
[F4]
Footnotes (4)
- [F1]Represents the number of shares of the Issuer's common stock ("Common Stock") underlying restricted stock units ("RSUs") granted on June 2, 2026. Each RSU represents the contingent right to receive one share of Common Stock upon settlement. 1/4th of the RSUs vest and settle into Common Stock every three months on the same day of the month as the grant date, subject to the Reporting Person's Continuous Service (as defined in the Issuer's Amended and Restated 2022 Equity Incentive Plan (the "2022 Plan")) through each such vesting date; provided, that the RSUs will in any event vest in full on the earlier to occur of (1) immediately prior to the Issuer's 2027 annual stockholder meeting, and (2) immediately prior to the effective time of a Change in Control (as defined in the 2022 Plan), subject to the Reporting Person's Continuous Service through the applicable time.
- [F2]Represents the number of shares of the Issuer's Common Stock underlying RSUs granted on June 2, 2026. Each RSU represents the contingent right to receive one share of Common Stock upon settlement. 1/4th of the RSUs vest and settle into Common Stock every three months on the same day of the month as the grant date, subject to the Reporting Person's Continuous Service (as defined in the 2022 Plan) through each such vesting date; provided, that the RSUs will vest in full immediately prior to the effective time of a Change in Control (as defined in the 2022 Plan), subject to the Reporting Person's Continuous Service through such time.
- [F3]Shares held by Big Timber Holdings, LLC, a Nevis limited liability company ("Big Timber"). The Reporting Person is the Manager and sole member of Big Timber and exercises ultimate voting and investment power over the shares of the Issuer's common stock held by Big Timber. 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.
- [F4]Shares held by Tiga Eighty-Eight Pte. Ltd., which is 100% indirectly owned by the Reporting Person. 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.
Signature
/s/ Bella Zaslavsky, Attorney-in-Fact|2026-06-04