{
  "id": 5200876,
  "title": "Grindr CLO Zachary Katz sells $161,022 in GRND stock",
  "url": "https://urgent.news/2026/09/02/grindr-clo-zachary-katz-sells-161-022-in-grnd-stock",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-02T23:31:00.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/insider-trading-news/grindr-clo-zachary-katz-sells-161022-in-grnd-stock-93CH-4886875"
  },
  "original_language": "en",
  "account": "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.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}