AI assistant
Grindr Inc. — Director's Dealing 2022
Nov 22, 2022
31379_dirs_2022-11-22_8f26e800-022a-48c3-9c8b-1402fe4c2847.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 3 — Initial Statement of Beneficial Ownership
Issuer: Grindr Inc. (GRND)
CIK: 0001820144
Period of Report: 2022-11-18
Reporting Person: Balance Austin J (Chief Product Officer)
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Stock Option (right to buy) | $4.20 | 2028-12-07 | Common Stock (420881) | Direct |
Footnotes
F1: Received pursuant to the Agreement and Plan of Merger, dated May 9, 2022 (the "MA"), by and among Grindr Group LLC ("LG"), Tiga Acquisition Corp. ("Tiga") and Tiga Merger Sub LLC, a subsidiary of Tiga ("Sub I", and together with Tiga and LG, the "Entities"), as amended in the First Amendment to the MA, dated October 5, 2022, by and among Tiga Merger Sub II LLC, a subsidiary of Tiga ("Sub II") and the Entities, pursuant to which Sub I first merged with and into LG, whereupon the separate corporate existence of Sub I ceased, and LG became the surviving company and continued in existence as a wholly owned subsidiary of Tiga until promptly thereafter and as part of the overall transaction, when LG merged with and into Sub II, with Sub II being the entity that survived such second merger and continued in existence as a wholly owned subsidiary of Tiga. Tiga domesticated as a Delaware corporation and subsequently changed its name to Grindr Inc.
F2: 1/12 of the shares subject to the stock option will vest on December 3, 2022, and 1/12 of the shares vest each quarterly anniversary thereafter.