Grindr (GRND) 10% Owner Zage G. Raymond III Sells Shares

What Happened
Zage George Raymond III, a reported 10% owner of Grindr, sold a total of 500,000 shares of Grindr common stock in two open-market transactions. On 2026-09-16 he sold 333,600 shares at a weighted-average price of $15.62 for proceeds of $5,210,832 (prices ranged $15.32–$15.83). On 2026-09-17 he sold 166,400 shares at a weighted-average price of $15.41 for proceeds of $2,564,224 (prices ranged $15.25–$15.50). Total proceeds were approximately $7,775,056. These sales were executed pursuant to a Rule 10b5-1 trading plan adopted June 17, 2026.

Key Details

• Transaction dates and prices:
  • 2026-09-16: 333,600 shares sold, weighted avg $15.62 (range $15.32–$15.83) — $5,210,832.
  • 2026-09-17: 166,400 shares sold, weighted avg $15.41 (range $15.25–$15.50) — $2,564,224.
• Total shares sold: 500,000; total proceeds ≈ $7.78 million.
• Filing: Form 4 filed 2026-09-18 reporting transactions dated 9/16 and 9/17 (appears timely).
• Footnotes of note:
  • Sales effected under a Rule 10b5-1 plan (adopted June 17, 2026).
  • Weighted-average prices reported; seller will provide per-price breakdown on request (per F2/F3).
  • Certain shares are held by entities (Big Timber Holdings, LLC and Tiga Eighty-Eight Pte. Ltd.) for which the reporting person disclaims beneficial ownership except to the extent of pecuniary interest (F4, F5).
• Shares owned after transaction: not specified in the supplied filing excerpt.

Context

• These were outright sales (S) under a pre-established 10b5-1 plan—common for scheduled, non-discretionary insider selling and not, by itself, proof of a change in view on the company.
• As a 10% owner (not necessarily an executive), Raymond’s transactions reflect holdings by a large investor and related entities; the filing includes disclaimers about beneficial ownership of entity-held shares.
• Retail investors should treat routine sales under 10b5-1 plans differently than ad-hoc insider purchases; purchases typically convey more direct bullish signal.