Zage George Raymond III has made significant moves regarding his stake in Grindr Inc., as revealed in a recent filing. The amendment to his Schedule 13D indicates that he sold 2 million shares of Grindr in open market transactions. This development is noteworthy as it reflects a change in ownership dynamics within the company, which could have implications for its future direction.

Grindr Inc., a company involved in services related to computer programming and data processing, has been under the spotlight as it navigates the competitive landscape of its industry. The recent transactions by Zage highlight his ongoing involvement and influence within the company, given that he holds a substantial percentage of its shares.

Background

Zage George Raymond III is the principal reporting person in this filing, which was submitted on November 4, 2026. The company associated with this filing is Grindr Inc., identified by its CIK number 0001820144. Grindr operates within the services sector, specifically focusing on computer programming and data processing. The filing also indicates that the company was previously known as Tiga Acquisition Corp.

What the Filing Says

The Schedule 13D/A amendment details that between September 16, 2026, and November 3, 2026, Zage sold an aggregate of 2 million shares of Grindr's common stock. These transactions were carried out under a trading plan established on June 17, 2026, with Morgan Stanley Smith Barney LLC. The filing states: "Between September 16, 2026 and November 3, 2026, Mr. Zage sold an aggregate of 2,000,000 shares of Common Stock held directly by him in open market transactions..." This indicates a strategic decision to liquidate a portion of his holdings.

Impact

The sale of these shares affects not only Zage's personal stake in Grindr but also the overall ownership structure of the company. Zage now holds 93,439,583 shares, representing approximately 53.8% of the total shares outstanding. Other significant shareholders include Tiga Investments Eighty-Eight Pte Ltd and Big Timber Holdings, LLC, which each own about 49.4% of the company. This consolidation of ownership among a few entities could influence Grindr's strategic decisions moving forward.

What's Next

The filing does not specify what happens next regarding Zage's remaining shares or any further transactions. However, the ongoing monitoring of Grindr's stock and any future amendments to the Schedule 13D could provide insights into the company's evolving ownership landscape.

This recent activity underscores the dynamic nature of ownership in tech-related companies and highlights the importance of transparency in shareholder transactions.