Hanna Fadi 4
Research Summary
AI-generated summary
Grindr (GRND) Director Hanna Fadi Receives RSU Award
What Happened
- Hanna Fadi, a director of Grindr, was granted two restricted stock unit (RSU) awards on June 2, 2026 totaling 15,328 RSUs (13,593 RSUs and 1,735 RSUs). Each RSU represents the contingent right to receive one share of Grindr common stock upon settlement. The grants show an acquisition price of $0.00 (typical for RSU awards); actual value will equal the market price at settlement.
Key Details
- Transaction date: June 2, 2026. Transaction code: A (award/grant).
- Grants: 13,593 RSUs (Footnote F1) and 1,735 RSUs (Footnote F2); total = 15,328 RSUs.
- Price: $0.00 reported for both grants (RSUs are awarded, not purchased).
- Vesting: 1/4 of each RSU grant vests and settles into common stock every three months on the grant date.
- F1: These RSUs vest quarterly and will in any event vest in full on the earlier of (a) immediately prior to Grindr’s 2027 annual meeting or (b) immediately prior to a Change in Control, subject to continuous service.
- F2: These RSUs vest quarterly and will vest in full immediately prior to a Change in Control (no full-vest-on-2027-meeting provision).
- Shares owned after transaction: Not reported in this Form 4.
- Filing timeliness: This Form 4 was filed late due to an administrative delay in obtaining EDGAR credentials (transactionTimeliness = 'L').
Context
- RSUs are contingent awards that convert 1:1 into shares when they vest; they are not purchases or sales and do not by themselves indicate intent to buy or sell stock. The differing footnotes describe slightly different acceleration conditions (one includes an early full-vest at the 2027 annual meeting; the other only accelerates on a Change in Control).