Balance Austin J 4

What Happened
Austin Balance, Grindr’s Chief Product Officer, exercised stock options and sold shares on May 8, 2026. The filing shows he exercised 13,153 options at $4.20 per share (cost ≈ $55,243) and completed two open-market sales of 13,153 and 18,462 shares at $15.00 each (total sale proceeds reported ≈ $197,333 + $276,984 = $474,317). The filing also reports a 13,153-share derivative disposition (reported at $0), consistent with option conversion/settlement entries accompanying the exercise and sale.

Key Details

• Transaction date: 2026-05-08. Sales price: $15.00/share. Exercise price paid: $4.20/share for 13,153 shares.
• Shares sold: 13,153 + 18,462 = 31,615 shares; total reported proceeds ≈ $474,317. Exercise cash paid ≈ $55,243.
• Footnotes: Exercises and sales were effected pursuant to a Rule 10b5-1 trading plan adopted August 11, 2025 (F1, F2). Option grant originally issued Dec 7, 2021 with a multi-year vesting schedule (F3).
• Shares owned after the transactions: not provided in the data supplied.
• Filing timeliness: no late filing indication provided in the supplied information.

Context
The pattern — exercising options and selling shares the same day under a 10b5-1 plan — is a common cash realization strategy (often a cashless exercise followed by market sale). The 10b5-1 plan means the trades were pre-arranged and are generally treated as routine insider selling rather than ad-hoc market timing. The option grant detail (420,881 shares originally; vesting began Dec 3, 2022 and continued quarterly) explains the source of exercisable shares.