Lu James Fu Bin sells Grindr (GRND) shares worth $8.1 million

Director Lu James Fu Bin, a ten percent owner of Grindr Inc. (NYSE:GRND), a $2.39 billion market cap company, recently sold 649,900 shares of common stock in three separate transactions, totaling approximately $8.1 million. The stock has declined 28.7% year-to-date, and according to InvestingPro analysis, is currently trading near its Fair Value.

According to a Form 4 filing with the Securities and Exchange Commission, the sales occurred between October 10 and October 13, 2025. The prices ranged from $11.94 to $13.22 per share.

On October 10, 300,000 shares were sold at a price of $11.94, with the price ranging from $11.73 to $12.55. On October 13, 96,191 shares were sold at $12.25, with prices ranging from $11.89 to $12.86, and another 253,809 shares were sold at $13.22, with prices ranging from $12.90 to $13.42.

Following these transactions, Lu James Fu Bin indirectly owns 24,938,867 shares of Grindr through Longview Grindr Holdings Limited, and directly owns 9,885 shares.

In other recent news, Grindr Inc. has been at the center of significant developments. The company confirmed that board members Ray Zage and James Lu have expressed interest in potentially taking the dating app private. This interest was highlighted by discussions with Fortress Investment Group to secure debt financing for a possible buyout, valuing the company at around $3 billion. Additionally, Grindr disclosed that its largest shareholder, G. Raymond Zage, III, has surpassed 50% ownership following recent share repurchases, prompting the formation of a special committee to evaluate the impact of these activities.

In terms of financial performance, JMP Securities has adjusted its price target for Grindr to $23, down from $27, while maintaining a Market Outperform rating. This adjustment follows Grindr’s second-quarter results, which showed revenue growth slightly below JMP’s expectations, although the company kept its full-year revenue guidance intact. These recent developments continue to shape the landscape for Grindr and its investors.

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