Grindr's Controlling Holder Sold 2 Million Shares As Price Slid From $15.62 To $12.78
Raymond Zage still holds 53.8% of Grindr after selling under a trading plan from September 16 to November 3.
Grindr's controlling shareholder, G. Raymond Zage III, sold 2,000,000 shares between September 16 and November 3, according to an ownership filing made Wednesday. He still owns 53.8% of the company, which runs the gay-focused social app of the same name.
Ten sales, falling prices
The sales were open-market trades on the New York Stock Exchange through Morgan Stanley Smith Barney, the filing shows. Weighted average prices fell from $15.62 on September 16, when 333,600 shares sold, to $12.78 on November 2, when 330,000 went, and $13.03 on November 3, when 170,000 sold.
The largest single tranche was 350,000 shares, all sold at $14.228 on October 16. Other sales came on September 17, October 1, October 2 and October 19.
Zage's total now stands at 93,439,583 shares, with sole voting and dispositive power. That is 53.8% of the class, measured against 173,820,627 shares outstanding as of August 3, 2026.
A plan set in June
The sales ran under a Rule 10b5-1 plan, a pre-scheduled trading arrangement, that Zage entered into with Morgan Stanley Smith Barney on June 17, 2026. He first described it in Amendment No. 10 to his Schedule 13D.
The amendment adds no demands on the company, nominations or strategic proposals.
How the stake is held
Most of the position sits with Tiga Investments Eighty-Eight Pte Ltd, which holds 85,926,333 shares, or 49.4% of the class. Zage is the sole equityholder of its parent, Tiga Investments Pte. Ltd., and also controls Big Timber Holdings, LLC, which holds 1,385,507 shares, or 0.8%, according to the filing. An annex lists his address as Singapore.
Grindr, with a market value of $2.3 billion, makes money from paid subscriptions and advertising on its free app. It averaged 15.0 million monthly active users and 1.3 million paying users in 2025, according to its annual report.
Any further sales under the June 17 plan would show up in later amendments to Zage's Schedule 13D.
Sources
- SCHEDULE 13D/A — Zage George Raymond III re: Grindr Inc. (GRND) — SEC EDGAR
- SCHEDULE 13D/A Exhibit 99.1 — EXHIBIT 99.1 — SEC EDGAR
