Cryoport, Inc. is reported to have a significant shareholder group led by Cadian Capital Management, LP, Cadian Capital Management GP, LLC, and Eric Bannasch (together, the reporting persons). As of June 30, 2026, they may have been deemed to beneficially own 2,920,681 shares of Cryoport common stock.
This position represented approximately 5.8% of the outstanding common stock, based on 50,648,491 shares outstanding as of June 30, 2026. The shares are directly held by Cadian Master Fund L.P. and Cadian Opportunities Master Fund LP, over which Cadian Capital Management, LP exercises exclusive voting and investment power pursuant to investment management agreements. Voting and dispositive power over all reported shares is described as shared, with no sole voting or dispositive power.
Positive
None.
Negative
None.
Key Figures
Beneficial ownership:2,920,681 sharesOwnership percentage:5.8%Shares outstanding:50,648,491 shares+3 more
6 metrics
Beneficial ownership2,920,681 sharesShares of Cryoport common stock deemed beneficially owned by the reporting persons as of June 30, 2026
Ownership percentage5.8%Approximate percentage of Cryoport common stock beneficially owned by the reporting persons as of June 30, 2026
Shares outstanding50,648,491 sharesCryoport common shares outstanding as of June 30, 2026, from the Form 10-Q used for the ownership calculation
Shared voting power2,920,681 sharesNumber of shares over which each reporting person may have been deemed to share voting power
Shared dispositive power2,920,681 sharesNumber of shares over which each reporting person may have been deemed to share dispositive power
Reference dateJune 30, 2026Date as of which holdings and percentages are reported
"may have been deemed to have beneficially owned 2,920,681 shares of Common Stock"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
shared voting powerfinancial
"may have been deemed to have had shared power to vote or to direct the vote"
Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.
dispositive powerfinancial
"shared power to dispose or to direct the disposition of 2,920,681 shares"
Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.
investment management agreementsfinancial
"Pursuant to Investment Management Agreements between the Advisory Clients and the Adviser"
advisory clientsfinancial
"directly held by Cadian Master Fund L.P. and Cadian Opportunities Master Fund LP (collectively, the "Advisory Clients")"
FAQ
How many Cryoport (CYRX) shares are reported as beneficially owned by Cadian Capital?
Cadian-related reporting persons may have been deemed to beneficially own 2,920,681 shares of Cryoport common stock as of June 30, 2026. These shares are directly held by Cadian Master Fund L.P. and Cadian Opportunities Master Fund LP, with Cadian Capital Management, LP exercising investment authority.
What percentage of Cryoport (CYRX) does Cadian Capital reportedly own?
The reporting persons may have been deemed to beneficially own approximately 5.8% of Cryoport’s outstanding common stock as of June 30, 2026. This percentage is based on 50,648,491 shares outstanding, as disclosed in Cryoport’s Form 10-Q filed on August 6, 2026.
Who are the reporting persons in the Cryoport (CYRX) Schedule 13G/A?
The reporting persons are Cadian Capital Management, LP, Cadian Capital Management GP, LLC, and Eric Bannasch. The reported shares are directly held by Cadian Master Fund L.P. and Cadian Opportunities Master Fund LP, which are advisory clients of Cadian Capital Management, LP.
What voting power does Cadian Capital have over Cryoport (CYRX) shares?
As of June 30, 2026, each reporting person may have been deemed to have shared voting power over 2,920,681 shares of Cryoport common stock and no sole voting power. They also report shared dispositive power over the same number of shares.
How many Cryoport (CYRX) shares were outstanding for the ownership calculation?
The 5.8% ownership stake is calculated using 50,648,491 shares of Cryoport common stock outstanding as of June 30, 2026. This outstanding share count is stated in Cryoport’s Form 10-Q filed on August 6, 2026.
Who directly holds the Cryoport (CYRX) shares associated with Cadian Capital?
All reported Cryoport shares are directly held by Cadian Master Fund L.P. and Cadian Opportunities Master Fund LP. These entities are advisory clients of Cadian Capital Management, LP, which exercises exclusive voting and investment power under investment management agreements.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 3)
Cryoport, Inc.
(Name of Issuer)
Common Stock, par value $0.001 per share
(Title of Class of Securities)
229050307
(CUSIP Number)
06/30/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
229050307
1
Names of Reporting Persons
Cadian Capital Management, LP
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
2,920,681.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
2,920,681.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
2,920,681.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
5.8 %
12
Type of Reporting Person (See Instructions)
IA, PN
SCHEDULE 13G
CUSIP Number(s):
229050307
1
Names of Reporting Persons
Cadian Capital Management GP, LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
2,920,681.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
2,920,681.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
2,920,681.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
5.8 %
12
Type of Reporting Person (See Instructions)
OO, HC
SCHEDULE 13G
CUSIP Number(s):
229050307
1
Names of Reporting Persons
ERIC BANNASCH
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
2,920,681.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
2,920,681.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
2,920,681.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
5.8 %
12
Type of Reporting Person (See Instructions)
IN, HC
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Cryoport, Inc.
(b)
Address of issuer's principal executive offices:
112 Westwood Place, Suite 350, Brentwood, Tennessee, 37027
Item 2.
(a)
Name of person filing:
(i) Cadian Capital Management, LP, (ii) Cadian Capital Management GP, LLC, and (iii) Eric Bannasch (collectively, the "Reporting Persons")
(b)
Address or principal business office or, if none, residence:
For each of the Reporting Persons: 535 Madison Avenue, 36th Floor, New York, New York 10022
(c)
Citizenship:
(i) Cadian Capital Management, LP is a Delaware limited partnership, (ii) Cadian Capital Management GP, LLC is a Delaware limited liability company, and (iii) Eric Bannasch is a United States citizen.
(d)
Title of class of securities:
Common Stock, par value $0.001 per share
(e)
CUSIP No.:
229050307
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
As of June 30, 2026, each of the Reporting Persons may have been deemed to have beneficially owned 2,920,681 shares of Common Stock, par value $0.001 per share ("Common Stock"), of Cryoport, Inc. (the "Issuer"). All securities reported in this Schedule 13G were directly held by Cadian Master Fund L.P. and Cadian Opportunities Master Fund LP (collectively, the "Advisory Clients"), advisory clients of Cadian Capital Management, LP (the "Adviser"). Pursuant to Investment Management Agreements between the Advisory Clients and the Adviser, the Adviser exercises exclusive voting and investment power over securities directly held by the Advisory Clients. Cadian Capital Management GP, LLC is the general partner of the Adviser. Eric Bannasch is the sole managing member of Cadian Capital Management GP, LLC.
(b)
Percent of class:
As of June 30, 2026, each of the Reporting Persons may have been deemed to have beneficially owned approximately 5.8% of the shares of Common Stock of the Issuer outstanding, based on 50,648,491 shares of Common Stock outstanding as of June 30, 2026, as disclosed in the Issuer's Form 10-Q filed with the Securities and Exchange Commission on August 6, 2026.
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
As of June 30, 2026, each of the Reporting Persons may have been deemed to have had sole power to vote or to direct the vote of 0 shares of Common Stock.
(ii) Shared power to vote or to direct the vote:
As of June 30, 2026, each of the Reporting Persons may have been deemed to have had shared power to vote or to direct the vote of 2,920,681 shares of Common Stock.
(iii) Sole power to dispose or to direct the disposition of:
As of June 30, 2026, each of the Reporting Persons may have been deemed to have had sole power to dispose or to direct the disposition of 0 shares of Common Stock.
(iv) Shared power to dispose or to direct the disposition of:
As of June 30, 2026, each of the Reporting Persons may have been deemed to have had shared power to dispose or to direct the disposition of 2,920,681 shares of Common Stock.
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
All securities reported in this Schedule 13G were directly held by the Advisory Clients.
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary.
The disclosure regarding the relationships among the Reporting Persons in Item 4 is incorporated by reference herein.
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Cadian Capital Management, LP
Signature:
/s/ Eric Bannasch
Name/Title:
Eric Bannasch/Managing Member, Cadian Capital Management GP, LLC, its General Partner
