Grindr CPO Austin Balance sells $1.38m in GRND shares

Austin J Balance, the Chief Product Officer at Grindr Inc., sold 89,638 shares of the company's common stock on August 31, 2026, for approximately $1.38 million. The shares were sold at prices ranging from $15.26 to $15.61, with a weighted average price of $15.46 per share. This sale occurred under a Rule 10b5-1 trading plan adopted on June 1, 2026.

Simultaneously, Balance acquired 26,304 shares of Grindr common stock by exercising stock options at a price of $4.20 per share, totaling around $110,476. This acquisition was also executed under the same Rule 10b5-1 trading plan. Following these transactions, Balance directly holds 850,056 shares of Grindr common stock. Grindr's stock has surged 38% over the past six months, currently trading at $15.67, and remains undervalued according to InvestingPro analysis.

Despite the stock sale, Grindr reported a 33% increase in revenue for the second quarter of 2026, reaching $138 million, which exceeded expectations. The company raised its full-year revenue outlook, indicating a positive financial trajectory.

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