Grindr Inc.
For the period ended Sep 30, 2025. Filed Nov 6, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 6, 2025
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Item 5. Other Information
Director Resignation
On November 5, 2025, James Fu Bin Lu notified the Company of his resignation, effective immediately, from the Board. Mr. Lu’s resignation was not the result of a disagreement with the Company on any matter relating to the Company’s operations, policies, or practices. Prior to his resignation Mr. Lu served as Chairperson of the Board, chair of the Nominating and Corporate Governance Committee of the Board (the “Nominating Committee”), and member of the Compensation Committee of the Board (the “Compensation Committee”).
In connection with the transition, the Board appointed J. Michael Gearon, Jr. to serve as Lead Independent Director. In addition, the Board appointed Daniel Brooks Baer and Meghan Stabler to serve as members of the Nominating Committee, appointed Mr. Baer as chair of the Nominating Committee, and appointed Chad Cohen to serve as member of the Compensation Committee. In connection with these committee appointments, Mr. Baer, Ms. Stabler, and Mr. Cohen received additional equity awards and will receive additional annual cash compensation pursuant to the Company’s Second Restated Director Compensation Policy.
Trading Arrangements
During the Company’s last fiscal quarter, certain of the Company’s directors and officers (as defined in Rule 16a-1(f) under the Exchange Act)adopted orterminated the contracts, instructions or written plans for the purchase or sale of our securities as set forth in the table below:
| Type of Trading Arrangement | |||||
|---|---|---|---|---|---|
| Name and Position · Action · Adoption/Termination Date · Rule 10b5-1(1) · Non-Rule 10b5-1(2) · Total Shares of Common Stock to be Sold(3) · Expiration Date | |||||
| Nathan Richardson, Director | Adoption | 8/11/2025 | X | 13,500 | 7/31/2026 |
| Meghan Stabler, Director | Adoption | 8/11/2025 | X | 29,838 | 8/5/2026 |
| Austin “AJ” Balance, Chief Product Officer(4) | Termination | 8/11/2025 | X | 202,786 | 3/7/2026 |
|---|---|---|---|---|---|
| Austin “AJ” Balance, Chief Product Officer(4) | Adoption | 8/11/2025 | X | 169,643(5) | 12/31/2026 |
| Vandana Mehta-Krantz, Chief Financial Officer(6) | Adoption | 8/12/2025 | X | 307,760(6)(7) | 1/30/2026 |
| (1) | Contract, instruction or written plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) under the Exchange Act. |
| (2) | “Non-Rule 10b5-1 trading arrangement” as defined in Item 408(c) of Regulation S-K under the Exchange Act. |
| (3) | Represents the maximum number of shares that may be sold pursuant to the Rule 10b5-1 arrangement. The actual number of shares sold was dependent on the satisfaction of certain conditions as set forth in the written plan. |
| (4) | Represents the modification, as described in Rule 10b5-1(c)(1)(iv) under the Exchange Act, of a written plan adopted on September 17, 2024 and modified on March 13, 2025 that was intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) under the Exchange Act. As modified, the written plan is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) under the Exchange Act. |
| (5) | Includes 75,019 shares of common stock subject to restricted stock units (“RSUs”) previously granted to Mr. Balance that may vest and be released on or prior to December 1, 2025. The actual number of shares that will be released to Mr. Balance in respect of such RSUs and sold pursuant to the Rule 10b5-1 trading arrangement will be net of the number of shares withheld by the Company to cover tax withholding obligations arising from the vesting of such RSUs and is not yet determinable. |
| (6) | Effective October 1, 2025, Ms. Mehta-Krantz has transitioned out of the role of Chief Financial Officer. |
| (7) | Includes 68,133 shares of common stock subject to RSUs previously granted to Ms. Mehta-Krantz that may vest and be released on or prior to December 1, 2025. The actual number of shares that will be released to Ms. Mehta-Krantz in respect of such RSUs and sold pursuant to the Rule 10b5-1 trading arrangement will be net of the number of shares withheld by the Company to cover tax withholding obligations arising from the vesting of such RSUs and is not yet determinable. |
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