Balance Austin J 4

What Happened
Austin J. Balance, Grindr Inc.'s Chief Product Officer, was issued and immediately vested 37,220 shares on March 12, 2026 as the settlement of performance-based restricted stock units (PSUs). The Form 4 reports the acquisition price as $0.00 (award/settlement), i.e., these were granted/settled PSUs rather than an open-market purchase.

Key Details

• Transaction date: March 12, 2026; Form 4 filed March 23, 2026.
• Transaction type/code: Award/Grant (A) — 37,220 shares; reported acquisition price $0.00.
• Shares owned after transaction: Not disclosed in the information provided in this summary (not reported here).
• Footnote: Shares issued on vesting/settlement of PSUs granted under the 2022 Equity Incentive Plan after the compensation committee certified achievement above pre-set performance targets; the PSUs vested and were settled immediately upon issuance.
• Timeliness: The filing was dated 11 days after the reported transaction date, which is beyond the typical 2-business-day Form 4 reporting window.

Context
PSUs (performance-based restricted stock units) are equity awards that convert to shares only after predefined performance targets are met; this transaction reflects settlement upon certification of those targets, not a market purchase or sale. Because this was an award settlement (not a sale), it does not directly signal an insider buying or selling in the open market.