Katz Zachary 4
Research Summary
AI-generated summary
Grindr (GRND) CLO Zachary Katz Sells 12,799 Shares
What Happened
Zachary Katz, Chief Legal Officer & Head of Global Affairs at Grindr Inc. (GRND), reported the sale of 12,799 shares on June 29, 2026. The shares were sold at a weighted-average price of $14.65, generating approximately $187,505 in proceeds. The filing reports these sales as open-market/private sales (code S).
Key Details
- Transaction date: 2026-06-29; Form 4 filed 2026-06-30 (timely filing).
- Price: weighted average $14.65 per share; individual trade prices ranged $14.63–$14.68.
- Shares sold: 12,799; proceeds ≈ $187,505.
- Shares owned after transaction: not stated in the provided filing.
- Footnotes: (1) Sales were effected under a Rule 10b5-1 trading plan adopted March 18, 2026. (2) Reported price is a weighted average; the reporting person will provide a breakdown of shares sold at each price on request.
- Filing status: no indication of late filing in this record.
Context
This was a sale under a pre-established 10b5-1 plan, which allows insiders to sell shares according to a predetermined schedule and is commonly used to avoid trading on nonpublic information. Sales do not necessarily indicate insider pessimism; purchases tend to be more informative about an insider’s bullishness.