secwatch.observer — SEC 8-K summary
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Issuer:     Grindr Inc. (GRND)
CIK:        0001820144
Form:       8-K
Filed at:   2024-10-16T23:59:59+00:00
Accession:  0001820144-24-000045
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Grindr grants 400,000 RSUs to CPO AJ Balance; includes $5B market cap performance target
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- Time-based RSU for 200,000 shares vests entirely on Nov 11, 2028, subject to continuous service.
- Performance-based RSU for 200,000 shares granted if 90-day avg market cap exceeds $5 billion.
- Both awards accelerate upon qualifying termination or change-in-control meeting thresholds.
- Incentives designed to retain Balance over long term and align with shareholder value creation.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1820144/000182014424000045/0001820144-24-000045-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1820144/000182014424000045/grnd-20241009.htm
  HTML page:      https://secwatch.observer/filing/0001820144-24-000045

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer