Grindr (GRND) CLO Zachary Katz Sells Shares

What Happened

• Zachary Katz, Chief Legal Officer & Head of Global Affairs at Grindr, disposed of a total of 46,773 shares in mid-September 2026 for about $719,107. On 2026-09-12, 31,546 shares were withheld by the company to satisfy tax withholding on vested RSUs at $15.28/share (value $482,023). On 2026-09-14, Katz sold 15,227 shares in an open‑market sale at a weighted average price of $15.57/share (value $237,084). These were sales/withholding (not purchases).

Key Details

• Transaction dates & prices: 9/12/2026 — 31,546 shares withheld at $15.28; 9/14/2026 — 15,227 shares sold at weighted avg $15.57 (sales executed between $15.30–$15.73).
• Total shares disposed: 46,773; total proceeds/value ≈ $719,107 (combined).
• Shares owned after transaction: not specified in the summary provided; see the Form 4 for current holdings.
• Footnotes: F1 = shares withheld to cover RSU tax withholding upon settlement; F2 = open‑market sale executed pursuant to a Rule 10b5‑1 trading plan (adopted Mar 18, 2026); F3 = reported sale price is a weighted average across multiple transactions.
• Filing: Form 4 filed 2026-09-15 (reflects the 9/12 and 9/14 activity); filing appears timely based on dates disclosed.

Context

• RSU tax withholding is a routine administrative disposition to satisfy tax obligations when restricted stock units vest and does not necessarily reflect a discretionary sale for cash. The 15,227-share sale was under a pre-arranged 10b5‑1 plan, which typically allows insiders to sell shares according to a schedule established in advance. Retail investors generally view outright purchases as stronger direct signals of insider conviction than routine withholdings or pre-planned sales.