Grindr Inc. — Director's Dealing 2023

Sep 19, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Grindr Inc. (GRND)
CIK: 0001820144
Period of Report: 2023-09-15

Reporting Person: Zage George Raymond III (Director, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-09-15	Common Stock, par value $0.0001 per share	S	663480	$0.63	Disposed	72278806	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-09-15	Guaranteed Exchangeable Note (Initial Issue)	$7.51	P		Acquired	2024-03-30	Common Stock (196276)	Indirect
2023-09-15	Guaranteed Exchangeable Note (Second Issue)	$6.69	P		Acquired	2024-03-30	Common Stock (228127)	Indirect
2023-09-15	Guaranteed Exchangeable Note (Third Issue)	$6.46	P		Acquired	2024-03-30	Common Stock (125914)	Indirect
2023-09-15	Warrants (right to buy)	$11.50	S	1800320	Disposed	2027-11-18	Common Stock (1800320)	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, par value $0.0001 per share	5560000	Direct

Footnotes

F1: Tiga SVH Investments Ltd. is 100% owned by Tiga Investments Pte. Ltd., which is 100% owned by the Reporting Person.

F2: These Guaranteed Exchangeable Notes (each, a "Note" and, collectively, the "Notes") are issued by Longview Grindr Holdings Limited under the terms and conditions of that certain Exchangeable Note Instrument, dated September 15, 2023.

F3: The conversion price was determined by multiplying the volume weighted average price of the Issuer's Common Stock for the last five consecutive trading days (the "Spot VWAP") as of March 30, 2023, which was $6.26, by 120%. If at any time the Spot VWAP is less than or equal to 80% of the then effective Spot VWAP for five consecutive trading days, the Spot VWAP for the purposes of determining the conversion price will be automatically adjusted downwards to the Spot VWAP calculated as of the fifth such consecutive trading day.

F4: Each note may be converted when the underlying shares of the Issuer's Common Stock may be transferred without restrictions or encumbrances and are freely tradeable.

F5: The Note matures on March 30, 2024.

F6: The Note is held by Big Timber Holdings, LLC, a Nevis limited liability company ("Big Timber"). The Reporting Person is the Manager and sole member of Big Timber and exercises ultimate voting and investment power over the Note and any shares of the Issuer's Common Stock that may be acquired by Big Timber as a result of conversion of the Notes.

F7: The conversion price was determined by multiplying the Spot VWAP as of June 15, 2023, which was $6.08, by 110%. If at any time the Spot VWAP is less than or equal to 80% of the then effective Spot VWAP for five consecutive trading days, the Spot VWAP for the purposes of determining the conversion price will be automatically adjusted downwards to the Spot VWAP calculated as of the fifth such consecutive trading day.

F8: The conversion price was determined by multiplying the Spot VWAP as of September 15, 2023, which was $5.87, by 110%. If at any time the Spot VWAP is less than or equal to 80% of the then effective Spot VWAP for five consecutive trading days, the Spot VWAP for the purposes of determining the conversion price will be automatically adjusted downwards to the Spot VWAP calculated as of the fifth such consecutive trading day.