Katz Zachary 4
4 · Grindr Inc. · Filed Mar 23, 2026
Research Summary
AI-generated summary of this filing
Grindr (GRND) CLO Zachary Katz Receives Award of 28,007 Shares
What Happened Zachary Katz, Chief Legal Officer & Head of Global Affairs at Grindr Inc., was issued 28,007 shares on March 12, 2026. The shares were granted/settled as performance-based restricted stock units (PSUs) that vested immediately when the company's compensation committee certified that certain performance targets were met. The reported acquisition price is $0.00 (award/settlement), so there was no cash purchase.
Key Details
- Transaction date: 2026-03-12; Transaction type: Award/Grant (code A); Shares: 28,007; Price per share reported: $0.00.
- Filing date: 2026-03-23 — filed 11 days after the transaction (timeliness: L, appears late vs. the usual 2-business-day Form 4 rule).
- Shares owned after transaction: not specified in the provided filing.
- Footnotes: F1 — shares issued on vesting and settlement of performance-based RSUs after certification of performance above targets; F2 — reporting-person beneficial ownership was corrected to account for prior sales under a Rule 10b5-1 plan (adopted 3/17/2025) previously reported on 11/28/2025.
Context PSUs/RSUs are compensation awards that vest when pre-set performance goals are met; this issuance reflects goal achievement and employee compensation rather than an open-market purchase or sale. The F2 correction relates to past sales under a 10b5-1 plan and adjusts the reported beneficial ownership. Awards like this are routine for executives and do not by themselves indicate buying/selling sentiment in the open market.
Insider Transaction Report
- Award
Common Stock
[F1][F2]2026-03-12+28,007→ 759,144 total
Footnotes (2)
- [F1]Shares of the Issuer's common stock issued on vesting and settlement of performance-based restricted stock units ("PSUs") granted under the Issuer's Amended and Restated 2022 Equity Incentive Plan, based on achievement in excess of certain pre-specified target key performance indicators. On March 12, 2026, the compensation committee of the Issuer's board of directors certified achievement of the performance targets, resulting in vesting and settlement of 28,007 PSUs that vested immediately upon issuance.
- [F2]This number reflects a correction in the Reporting Person's beneficial ownership to account for sales effected pursuant to a Rule 10b5-1 trading plan, adopted March 17, 2025, which were previously reported in the Form 4 on November 28, 2025.