Grindr (GRND) CFO has 4,385 shares withheld for RSU tax obligations
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Grindr Inc. Chief Financial Officer John F. North reported a tax-related share withholding linked to vested equity awards. On March 12, 2026, 18,002 performance-based restricted stock units vested and settled, and the company withheld 4,385 common shares at $12.17 per share to cover his tax obligations. This was not an open-market sale, but a payment of tax liability by delivering securities. Following the withholding, he directly holds 743,617 shares of Grindr common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
North John F
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 4,385 | $12.17 | $53K |
Holdings After Transaction:
Common Stock — 743,617 shares (Direct)
Footnotes (1)
- The Reporting Person is reporting the withholding by the Issuer of the shares of common stock that vested on March 12, 2026 pursuant to restricted stock units ("RSUs") that were not issued in order to satisfy the Reporting Person's tax withholding obligations upon settlement of the RSUs. The Reporting Person's direct holdings in this Form 4 reflects the vesting and settlement of 18,002 performance-based restricted stock units on March 12, 2026. Due to an administrative error, the Reporting Person's Form 4 filed on March 23, 2026 incorrectly reported the vesting and settlement of 18,003 performance-based restricted stock units on March 12, 2026.
Key Figures
Tax-withholding shares: 4,385 shares
Withholding price: $12.17 per share
Performance RSUs vested: 18,002 units
+1 more
4 metrics
Tax-withholding shares
4,385 shares
Common stock withheld at $12.17 per share for tax obligations
Withholding price
$12.17 per share
Price applied to 4,385 common shares used to satisfy tax liability
Performance RSUs vested
18,002 units
Performance-based restricted stock units vested and settled on March 12, 2026
Shares held after transaction
743,617 shares
Direct Grindr common stock holdings following the tax-withholding disposition
Key Terms
restricted stock units, performance-based restricted stock units, tax withholding obligations, tax-withholding disposition
4 terms
restricted stock units financial
"shares of common stock that vested on March 12, 2026 pursuant to restricted stock units ("RSUs")"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
performance-based restricted stock units financial
"reflects the vesting and settlement of 18,002 performance-based restricted stock units on March 12, 2026"
Performance-based restricted stock units are a type of employee equity award that converts into company shares only if predefined financial or operational targets are met over a set period. Think of it like a bonus check that becomes stock only when specific goals are hit; it ties pay to results, aligning managers’ incentives with shareholders. Investors care because these awards affect future share count, executive incentives, and signal how management’s success will be measured and rewarded.
tax withholding obligations financial
"were not issued in order to satisfy the Reporting Person's tax withholding obligations upon settlement of the RSUs"
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
FAQ
What did Grindr (GRND) CFO John F. North report in this Form 4?
He reported a tax-withholding disposition of 4,385 Grindr common shares. The shares were withheld by the company to satisfy his tax obligations arising from the settlement of vested restricted stock units, rather than sold on the open market.
Was the Grindr (GRND) CFO’s Form 4 transaction an open-market sale?
No, it was not an open-market sale. The 4,385 shares of common stock were withheld by Grindr to cover John F. North’s tax liability when his restricted stock units vested and settled on March 12, 2026.
How many Grindr (GRND) restricted stock units vested for the CFO?
A total of 18,002 performance-based restricted stock units vested and settled on March 12, 2026. A prior Form 4 had mistakenly reported 18,003 units, and this filing corrects that administrative error in the reported vesting amount.
Why did Grindr (GRND) CFO’s Form 4 reference an administrative error?
The filing explains that a previous Form 4 incorrectly reported the vesting and settlement of 18,003 performance-based restricted stock units. The correct number is 18,002 units vesting on March 12, 2026, and this Form 4 corrects that discrepancy.
What does transaction code “F” mean in the Grindr (GRND) CFO’s Form 4?
Transaction code “F” indicates a payment of exercise price or tax liability by delivering securities. In this case, 4,385 Grindr common shares were withheld to satisfy John F. North’s tax obligations related to the settlement of his vested restricted stock units.