The disposition of 10,172 shares on July 16, 2026, generated proceeds of approximately $162,243.
The transaction involved 1% of the officer's direct equity holdings in the software application company.
The sale was executed under a Rule 10b5-1 trading plan adopted on March 18, 2026, and all transacted shares were held directly.
Zachary Katz, the CLO and Head of Global Affairs of Grindr Inc. (NYSE:GRND), sold 10,172 shares of the company at $15.95 per share on July 16, 2026, according to an SEC Form 4 filing.
| Metric | Value |
|---|---|
| Shares sold | 10,172 |
| Transaction value | ~$162,243 |
| Post-transaction shares (directly held) | 703,151 |
| Post-transaction value | $11.08 million |
Transaction value based on SEC Form 4 weighted average sale price ($15.95); post-transaction value based on July 16, 2026 market close ($15.76).
| Metric | Value |
|---|---|
| Share Price (as of market close 2026-07-17) | $15.26 |
| Market Capitalization | $2.7 billion |
| Revenue (TTM) | $475.9 million |
| Net Income (TTM) | $94.5 million |
Grindr Inc. is a leading digital platform serving the LGBTQ+ demographic and operating from West Hollywood, California. The company has achieved significant scale with TTM revenues of $475.9 million and net income of $94.5 million, demonstrating a profitable business model with strong unit economics. As a specialized social networking platform with a highly engaged user base and diversified revenue streams, Grindr maintains a defensible market position within the broader social media and dating application landscape.
Katz parted with about 1.4% of what he owns. The remaining 703,000 shares are worth roughly $11 million at recent prices, so this was a small withdrawal from a large account, scheduled back in March and executed at $15.95, a few cents above where the stock closed. Nothing here reads as urgency.
Switching to fundamentals, Grindr grew first-quarter revenue 38% to $129.9 million, expanded adjusted EBITDA to $58.5 million at a 45% margin, and lifted full-year guidance to at least $535 million. CEO George Arison said the company delivered "exceptional" results in the quarter. Yet shares are down 26% over the past year. Management has been buying aggressively into that gap, repurchasing over $100 million of stock across December and the first quarter, which is itself a positive signal, though it’s worth noting one shareholder has pushed back on those buybacks with a lawsuit. Still, the firm is growing fast, suggesting its stock is either mispriced or facing something the numbers haven't captured yet. The buyback tells you which side management is betting on.
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Jonathan Ponciano has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.