A significant insider disposition at Grindr Inc. (NASDAQ: GRND) occurred in early February 2026 when Lu James Fu Bin, who exercises ultimate voting and investment authority over Longview Grindr Holdings Limited, sold 1,450,000 shares of common stock in three separate transactions, according to a Form 4 filing with the Securities and Exchange Commission.
The sales were executed over a three-day span. On February 4, 2026, 375,000 shares were sold at a weighted average price of $10.13 per share, with trade prices ranging from $10.00 to $10.50. The next day, February 5, recorded a sale of 600,000 shares at a weighted average price of $10.07, in a price band between $9.87 and $10.28. The final block took place on February 6, consisting of 475,000 shares at a weighted average price of $10.01, with transaction prices spanning $9.80 to $10.25. The combined proceeds from these transactions totaled approximately $14.6 million.
Those shares are held indirectly by Longview Grindr Holdings Limited, for which Lu James Fu Bin retains the ultimate voting and investment power. After the completion of these sales, Longview Grindr Holdings Limited beneficially owns 18,432,101 shares of Grindr common stock. Separately, Lu James Fu Bin also directly holds 4,455 shares.
In a series of corporate moves coinciding with the insider sales, Grindr adjusted its capital structure and senior leadership arrangements. The company amended and expanded its credit facility, increasing the aggregate capacity from $350 million to $600 million. Specifically, Term Loan A was raised by $100 million to a new total of $400 million, while the revolving credit facility was expanded by $150 million to $200 million. The maturity date for the amended facility has been extended to January 2031.
On the leadership front, Grindr's Board of Directors approved a five-year extension to CEO George Arison's contract and implemented changes to executive compensation that include provisions for accelerated vesting and alterations to severance protections. The company also announced two senior appointments: Tristan Pineiro as Chief Marketing Officer and Zac Katz as Chief Legal Officer.
Meanwhile, two major shareholders, George Raymond Zage III and James Fu Bin Lu, withdrew a previously proposed plan to take Grindr private at $18 per share. The withdrawal was attributed to uncertainties around financing, although the shareholders had obtained substantial expressions of interest for acquisition financing prior to withdrawing the proposal.
Taken together, the insider sales, adjustments to financing capacity, leadership changes, and the withdrawal of the privatization proposal mark a concentrated period of financial and governance activity at Grindr. Each development was disclosed in filings and company communications accompanying the transactions and corporate updates.