Grindr Inc: 10% owner Zage George Raymond III sold 500,000 shares

What happened

• Zage George Raymond III, a 10% owner, sold 500,000 shares of Grindr common stock in open-market or private sales. The filing lists four transactions totaling $6,933,666 in proceeds: 199,230 shares at $14.13 for $2,815,120; 6,500 shares at $15.04 for $97,760; 2,000 shares at $15.65 for $31,300; and 292,270 shares at $13.65 for $3,989,486.

Key details

• Transaction dates and prices:
  • Oct 1, 2026: 199,230 shares at a weighted average $14.13 (prices ranged $13.54 to $14.53).
  • Oct 1, 2026: 6,500 shares at a weighted average $15.04 (prices ranged $14.54 to $15.50).
  • Oct 1, 2026: 2,000 shares at a weighted average $15.65 (prices ranged $15.56 to $15.71).
  • Oct 2, 2026: 292,270 shares at a weighted average $13.65 (prices ranged $13.43 to $14.21).
• Total shares sold: 500,000. Total reported proceeds: $6,933,666.
• Form 4 filed on Oct 5, 2026.
• Shares owned after the transactions: the information provided here does not report post-transaction holdings.
• Relevant footnotes:
  • Sales were effected pursuant to a Rule 10b5-1 trading plan adopted Jun 17, 2026.
  • Weighted-average prices reflect multiple trades within the stated ranges; the reporting person offers to provide the per-price breakdown on request.
  • Some shares are held by entities (Big Timber Holdings, LLC and Tiga Eighty-Eight Pte. Ltd.); the reporting person disclaims beneficial ownership of those shares except to the extent of his pecuniary interest.

Why it may matter

• The transactions were sales reported as open-market or private sales and were made under a Rule 10b5-1 trading plan.
• The reporting person is a 10% owner, i.e., a large holder rather than an executive officer.
• A filing does not show why the insider traded or why the company acted.