Jonathan C. Korngold

About Jonathan C. Korngold

Jonathan C. Korngold (age 51) is an independent director of Bumble Inc. since January 2020 and serves on the Compensation Committee. He is Senior Managing Director and Global Head of Blackstone’s Growth Equity business, and sits on Blackstone’s BXG and Tactical Opportunities investment committees; previously he led General Atlantic’s Global Financial Services and Healthcare sectors and served on GA’s Portfolio, Management and Investment Committees. He holds an MBA from Harvard Business School and an AB in Economics from Harvard College . The Board has affirmatively determined his independence under Nasdaq rules and Exchange Act Section 10C for compensation committee service .

Past Roles

External Roles

No other public company directorships are disclosed for Korngold in Bumble’s proxy .

Board Governance

• Committee assignments: Compensation Committee member; Compensation Committee chaired by Elisa A. Steele .
• Independence: Board determined Korngold is independent under Nasdaq rules and for Section 10C (compensation committee) .
• Attendance and engagement: In 2024, Board held 5 meetings; Compensation Committee held 4; all directors attended at least 75% of meetings during their service. Eight directors attended the 2024 annual meeting; eight attended in 2023 .
• Controlled company context: Principal Stockholders (Whitney Wolfe Herd affiliates and Blackstone) held ~91.4% combined voting power as of April 7, 2025; the company is a “controlled company” under Nasdaq standards (not currently using exemptions) .

Fixed Compensation

Non-Blackstone directors in 2024 received: Board retainer $75,000; Chair of Board $300,000; committee chair retainers $50,000; committee member retainers (Audit $20,000; Compensation $15,000; Nominating $10,000); annual RSU grant $250,000 (time-based vesting). Special committee fee $25,000 (prorated) .

Performance Compensation

Korngold, as a Blackstone-appointed director, did not receive RSUs or options from the Company .

Other Directorships & Interlocks

Expertise & Qualifications

• Growth equity and technology investing leadership (Blackstone Growth; prior General Atlantic sector leadership) .
• Investment committee experience across BXG and Tactical Opportunities .
• Prior principal investing and M&A execution at Goldman Sachs .
• Harvard MBA; Harvard College AB in Economics .

Equity Ownership

Bumble’s hedging/pledging of company securities is prohibited for directors and officers under the Securities Trading Policy . No pledging or hedging by NEOs in 2024 was reported .

Governance Assessment

• Strengths
  • Independent Compensation Committee composition; Korngold deemed independent for committee service .
  • Active board processes: executive sessions (including sessions excluding Sponsor-affiliated directors), annual evaluations, and robust trading/clawback policies .
• Risks and red flags
  • Controlled company with outsized Sponsor voting rights; Sponsor-designation and removal protections, and consent rights on Board size—potential constraints on board independence and refreshment .
  • Significant related-party economics via TRA; payments in FY 2024 and Q1 2025 and potential acceleration/negative liquidity impacts may create perceived conflicts for Sponsor-affiliated directors .
  • Director pay alignment: Sponsor-appointed directors (including Korngold) receive no Company cash or equity compensation—reducing direct alignment via Bumble equity, though Sponsor retains substantial ownership and voting power .

Overall, Korngold brings deep growth equity and technology investing expertise to compensation oversight, but Sponsor control mechanics and TRA obligations present governance risks that investors should monitor for potential conflicts and board autonomy impacts .

Insider Trades

No individual Form 4 transactions by Jonathan C. Korngold were identified in Bumble’s proxy disclosures; director compensation/ownership details for Korngold are shown above .