Grindr Inc.·4

Mar 23, 5:39 PM ET

Katz Zachary 4

Research Summary

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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.