Grindr (GRND) CPO Austin Balance Sells Shares, Exercises Options

What Happened
Austin J. Balance, Chief Product Officer of Grindr (GRND), sold 89,638 shares in an open-market transaction on August 31, 2026 for a total of about $1,385,803 (weighted avg $15.46). The same day he exercised 26,304 stock options at $4.20 per share for a cash cost of $110,477. The filing also shows 26,304 shares disposed at $0.00 (derivative), which commonly reflects shares surrendered to satisfy option exercise obligations or tax withholding.

Key Details

• Transaction date: August 31, 2026. Form 4 filed September 2, 2026 (no late filing indicated).
• Sales: 89,638 shares sold in the open market at a weighted average price of $15.46 (range $15.26–$15.61) for $1,385,803 (F3).
• Option exercise: 26,304 shares exercised at $4.20 per share, total cash paid $110,477 (M).
• Zero-price disposition: 26,304 shares listed as disposed at $0.00 (derivative), likely net-surrender/withholding related to the exercise.
• Plan notes: Both the option exercises and the sales were effected under a Rule 10b5-1 trading plan adopted June 1, 2026 (F1, F2).
• Grant/vesting: The option award was granted Dec 7, 2021; original grant covered 420,881 shares with a quarterly vesting schedule (F4).
• Shares owned after the transactions: Not specified in the Form 4 filing.

Context

• The activity combines an exercise of options with an open-market sale executed under a pre-established 10b5-1 plan. Sales under 10b5-1 plans are typically pre-planned and do not necessarily indicate a change in insider sentiment.
• The $0.00 disposition of exercised shares is a non-cash settlement pattern often used to cover exercise costs or tax withholding; the filing does not itemize the exact reason.