Grindr CLO Zachary Katz sells $161,022 in GRND stock

Grindr's Chief Legal Officer and Head of Global Affairs, Zachary Katz, sold 10,172 shares of the company's stock on August 17, 2026, totaling $161,022. The shares were sold at prices between $15.44 and $15.96, with an average price of $15.83 per share. This transaction was conducted under a Rule 10b5-1 trading plan, which was initiated on March 18, 2026.

Following the sale, Katz still owns 680,000 shares of Grindr common stock. Grindr's stock has increased by 36% over the past six months, currently priced at $15.67. Despite this insider sale, an InvestingPro Tip suggests the stock is undervalued relative to its Fair Value, indicating potential for future gains. Grindr recently reported a 33% increase in revenue for the second quarter of 2026, reaching $138 million, surpassing analysts' expectations of $132.44 million.

The company's adjusted EBITDA also rose to $58 million. However, some investors have raised concerns due to the lack of reported earnings per share data and increased spending. Grindr has also updated its full-year outlook, projecting higher financial results.