Grindr Inc.’s general counsel and chief global affairs officer, Zachary Katz, disposed of 10,172 ordinary shares on August 17 under a prearranged trading plan, generating proceeds of $161,022 at a weighted average price of $15.83 per share.
The shares were sold within a price range of $15.44 to $15.96, according to a regulatory filing. Katz retains direct ownership of 680,000 ordinary shares of the company following the transaction.
The trades were executed under a Rule 10b5-1 plan adopted on March 18, 2026, which allows insiders to schedule transactions in advance to avoid accusations of trading on material nonpublic information. Grindr’s stock has gained 40% over the past six months and was valued at $15.69 at the time of the sale.
The company reported second-quarter revenue of $138 million, a 33% increase year-over-year and above Wall Street’s forecast of $132.44 million. Adjusted EBITDA for the quarter totaled $58 million. Grindr also raised its full-year revenue outlook, though the filing did not disclose earnings per share figures or detail expense growth.
