Grindr (GRND) Chief Product Officer sells 31,615 shares under 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Grindr Inc. Chief Product Officer Austin J. Balance reported option exercises and share sales in Grindr common stock. On May 8, 2026, he sold a total of 31,615 shares of common stock in open-market transactions at $15.0029 per share, while exercising options to acquire 13,153 shares at a $4.20 exercise price. Following these transactions, he held 945,005 shares of common stock directly and 26,304 stock options outstanding. The filing states that both the option exercises and the sales were carried out under a pre-arranged Rule 10b5-1 trading plan adopted on August 11, 2025.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 31,615 shares ($474,317)
Net Sell
4 txns
Insider
Balance Austin J
Role
Chief Product Officer
Sold
31,615 shs ($474K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (right to buy) | 13,153 | $0.00 | -- |
| Exercise | Common Stock | 13,153 | $4.20 | $55K |
| Sale | Common Stock | 13,153 | $15.0029 | $197K |
| Sale | Common Stock | 18,462 | $15.0029 | $277K |
Holdings After Transaction:
Stock Option (right to buy) — 26,304 shares (Direct, null);
Common Stock — 945,005 shares (Direct, null)
Footnotes (1)
- The option exercises reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan, adopted on August 11, 2025. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan, adopted on August 11, 2025. The stock option award was granted to the Reporting Person on December 7, 2021, and initially represented a right to purchase a total of 420,881 shares upon vesting. 1/12 of the shares subject to the stock option vested on December 3, 2022, and 1/12 of the shares vested quarterly thereafter.
Key Figures
Shares sold: 31,615 shares
Sale price: $15.0029 per share
Options exercised: 13,153 shares
+4 more
7 metrics
Shares sold
31,615 shares
Open-market sales of common stock on May 8, 2026
Sale price
$15.0029 per share
Price for Grindr common stock sales on May 8, 2026
Options exercised
13,153 shares
Common shares acquired via option exercise on May 8, 2026
Exercise price
$4.20 per share
Stock option exercise price for Grindr common stock
Post-transaction holdings
945,005 shares
Direct Grindr common stock held after May 8, 2026 transactions
Remaining stock options
26,304 options
Options outstanding after exercise, expiring December 7, 2028
Original option grant size
420,881 shares
Stock option award granted December 7, 2021 before vesting
Key Terms
Rule 10b5-1 trading plan, open-market sale, derivative security, stock option award, +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"The option exercises reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan, adopted on August 11, 2025."
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
open-market sale financial
"Sale in open market or private transaction"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
derivative security financial
"Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
stock option award financial
"The stock option award was granted to the Reporting Person on December 7, 2021, and initially represented a right to purchase a total of 420,881 shares"
vesting financial
"1/12 of the shares subject to the stock option vested on December 3, 2022, and 1/12 of the shares vested quarterly thereafter."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
What insider transaction did Grindr (GRND) report for Austin J. Balance?
Austin J. Balance reported option exercises and share sales. He exercised options to acquire 13,153 Grindr common shares and sold 31,615 shares in open-market transactions, all on May 8, 2026, according to the Form 4 filing.
What stock options did Grindr’s Chief Product Officer exercise in this Form 4?
He exercised options for 13,153 Grindr common shares. The options carried a $4.20 exercise price per share and related to a larger stock option award initially covering 420,881 shares granted on December 7, 2021.
Were the Grindr (GRND) insider trades made under a Rule 10b5-1 trading plan?
Yes, the trades were executed under a Rule 10b5-1 plan. Footnotes state both the option exercises and share sales occurred pursuant to a pre-arranged trading plan adopted on August 11, 2025, providing important context for the timing.
What stock option position does Austin J. Balance retain in Grindr (GRND)?
He retains 26,304 stock options after the exercise. These options, with a $4.20 exercise price, are scheduled to expire on December 7, 2028, and stem from a grant that originally covered 420,881 shares subject to quarterly vesting.