Research Summary
AI-generated summary of this SEC filing
Grindr (GRND) Director Daniel Baer Sells 3,500 Shares
What Happened
- The Form 4 shows Baer Daniel Brooks (reported on the filing; referred to here as Daniel Baer), a director of Grindr Inc., sold 3,500 shares on August 19, 2026. The weighted average sale price was $15.65 per share, for total proceeds of approximately $54,775. The transaction is coded as a sale (S).
Key Details
- Transaction date: 2026-08-19; Form filed: 2026-08-21 (appears timely).
- Price: weighted average $15.65; sales occurred at prices ranging $15.49–$15.94 (report notes multiple trades).
- Total proceeds: ~$54,775.
- Shares owned after transaction: not specified in the provided filing summary.
- Footnotes: (1) Sales were conducted pursuant to a Rule 10b5-1 trading plan adopted May 20, 2026. (2) The reported price is a weighted average; the reporting person can provide details on the number of shares sold at each price in the range upon request.
Context
- This was a planned sale under a 10b5‑1 trading plan, which is commonly used to pre-schedule insider trades and does not necessarily reflect current views on the company. Sales are routine insider activity; purchases typically carry more weight as bullish signals.