Lyntris (LYNX) backer sells 8.3M IPO shares, gives away rest

Rhea-AI Filing Summary

Lyntris Inc. (LYNX) reported that 10% owner Trive Capital Holdings LLC and affiliated investment funds completed significant transactions in Lyntris common stock on August 20, 2026, tied to Lyntris’s initial public offering. The Trive funds sold 8,333,333 shares at $17.50 per share in connection with the IPO and concurrently carried out large in‑kind distributions of all Lyntris shares they held to their own partners for no consideration. The filing states that, as of August 20, 2026, Trive Capital Holdings LLC and its controlled affiliates have no pecuniary interest in any Lyntris shares, although an affiliate may continue to manage some shares for limited partners and may retain voting and dispositive power over those shares.

Insider Trade Summary

Net Seller: 75,961,504 shares

Net Sell 6 txns

Insider Trive Capital Holdings LLC

Role 10% Owner

Sold 8,333,333 shs ($145.83M)

Type	Security	Shares	Price	Value
Sale	Common Stock F1, F3	4,137,456	$17.50	$72.41M
Other	Common Stock F1, F2, F3	33,577,032	$0.00	$0.00
Sale	Common Stock F1, F4	2,721,326	$17.50	$47.62M
Other	Common Stock F1, F2, F4	22,084,595	$0.00	$0.00
Sale	Common Stock F1, F5	1,474,551	$17.50	$25.80M
Other	Common Stock F1, F2, F5	11,966,544	$0.00	$0.00

Holdings After Transaction: Common Stock — 0 shares (Indirect, See Footnote)

Footnotes (5)

1. F1. On August 20, 2026, Trive Capital Fund IV LP, Trive Capital Fund II LP, Trive Capital Fund II (Offshore) LP and Trive Capital Fund IV-A LP (collectively, the "Trive Vehicles") sold an aggregate of 8,333,333 shares of Common Stock at a price of $17.50, before deducting underwriting discounts and commissions, in connection with the Issuer's initial public offering (the "IPO"). Concurrent with the consummation of the IPO, the Trive Vehicles effected a distribution in-kind consisting of all shares of Common Stock held by the Trive Vehicles to their partners for no consideration, certain of which contemporaneously effected a pro rata in-kind distributions to their partners or members for no consideration (the "Trive LP Distribution").
2. F2. (Continued from footnote 1) If requested by a limited partner (a "Trive LP") in connection with the Trive LP Distribution, an affiliate of the Trive Vehicles may continue to manage the shares for such Trive LP following the Trive LP Distribution (and, as a result, Trive Capital Holdings LLC ("Trive Holdings") may continue to have voting and dispositive power over such shares). As of August 20, 2026, none of Trive Holdings or any of its controlled affiliates have any pecuniary interest in any shares of Common Stock.
3. F3. Directly held by TCFIV FS SPV LP. Trive Capital Fund IV GP LLC ("Fund IV GP") is the general partner of TCFIV FS SPV LP and has voting control over TCFIV FS SPV LP. Trive Holdings is the sole managing member of Fund IV GP and has voting control over Fund IV GP. Mr. Conner Searcy, as the sole manager of Trive Holdings, has voting control over Trive Holdings. Each of Fund IV GP, Trive Holdings and Mr. Searcy disclaims beneficial ownership of these securities except to the extent of such person's pecuniary interest therein.
4. F4. Directly held by Trive Capital Fund II LP. Trive Capital Fund II GP LLC ("Fund II GP") is the general partner of Trive Capital Fund II LP and has voting control over Trive Capital Fund II LP. Trive Holdings is the sole managing member of Fund II GP and has voting control over Fund II GP. Mr. Conner Searcy, as the sole manager of Trive Holdings, has voting control over Trive Holdings. Each of Fund II GP, Trive Holdings and Mr. Searcy disclaims beneficial ownership of these securities except to the extent of such person's pecuniary interest therein.
5. F5. Directly held by TCFII NHT SPV LP. Trive Capital Fund II GP Offshore LLC ("Offshore Fund II GP") is the general partner of TCFII NHT SPV LP. Fund II GP is the sole managing member of Offshore Fund II GP and has voting control over Offshore Fund II GP. Trive Holdings is the sole managing member of Fund II GP and has voting control over Fund II GP. Mr. Conner Searcy, as the sole manager of Trive Holdings, has voting control over Trive Holdings. Each of Offshore Fund II GP, Fund II GP, Trive Holdings and Mr. Searcy disclaims beneficial ownership of these securities except to the extent of such person's pecuniary interest therein.

Key Figures

Shares sold in connection with IPO: 8,333,333 shares of Common Stock Sale price per share: $17.50 per share Restructuring-related distributions: 67,628,171 shares of Common Stock +2 more

5 metrics

Shares sold in connection with IPO 8,333,333 shares of Common Stock Aggregate shares sold by Trive Vehicles at the IPO on August 20, 2026

Sale price per share $17.50 per share Price for the 8,333,333 shares of Common Stock sold in the IPO

Restructuring-related distributions 67,628,171 shares of Common Stock Total shares reported under restructuring (code J) transactions distributed in kind

Net buy/sell shares -8,333,333 shares Net share change across reported buy/sell transactions, indicating net-sell activity

Restructuring transaction count 3 transactions Number of code J restructuring transactions reported on August 20, 2026

Key Terms

distribution in-kind, pecuniary interest, dispositive power, initial public offering, +1 more

5 terms

distribution in-kind financial

"effected a distribution in-kind consisting of all shares of Common Stock"

pecuniary interest financial

"have any pecuniary interest in any shares of Common Stock"

dispositive power financial

"may continue to have voting and dispositive power over such 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.

initial public offering financial

"in connection with the Issuer's initial public offering (the "IPO")"

An initial public offering (IPO) is when a private company first sells its shares to the public and becomes a stock-listed company. It matters because it allows the company to raise money from a wide range of investors, helping it grow, while giving early shareholders a way to sell some of their ownership.

beneficial ownership financial

"disclaims beneficial ownership of these securities except to the extent"

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

FAQ

What insider activity did Trive Capital report for Lyntris Inc. (LYNX)?

Trive Capital Holdings LLC reported that affiliated funds sold 8,333,333 shares of Lyntris common stock at $17.50 per share in connection with Lyntris’s IPO and concurrently distributed all remaining Lyntris shares they held in kind to their partners for no consideration.

How many Lyntris (LYNX) shares were sold by the Trive funds and at what price?

The Trive funds sold an aggregate of 8,333,333 shares of Lyntris common stock at a price of $17.50 per share, before underwriting discounts and commissions, in connection with Lyntris’s initial public offering on August 20, 2026.

What are the large code J transactions reported for Lyntris (LYNX)?

Code J entries cover an in‑kind distribution by the Trive funds of all Lyntris shares they held, totaling 67,628,171 shares across the reported restructurings, to their partners for no consideration, with some partners further distributing shares pro rata to their own partners or members.

Does Trive Capital Holdings LLC still have an economic interest in Lyntris (LYNX) shares?

The filing states that, as of August 20, 2026, Trive Capital Holdings LLC and its controlled affiliates have no pecuniary interest in any shares of Lyntris common stock, while still potentially maintaining voting and dispositive power for certain limited partners’ shares.

Were the Lyntris (LYNX) insider transactions made under a Rule 10b5-1 plan?

No. The filing’s Rule 10b5‑1 checkbox is not checked, and the footnotes do not indicate that the reported sales or in‑kind distributions were executed pursuant to a Rule 10b5‑1 trading plan.

Who directly held the Lyntris (LYNX) shares involved in Trive Capital’s Form 4?

Shares were directly held by entities including TCFIV FS SPV LP, Trive Capital Fund II LP, and TCFII NHT SPV LP. Trive Capital Holdings LLC and related general partners are described as controlling entities and disclaim beneficial ownership except to any pecuniary interest.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/24/2026 - 04:31 PM Accepted by SEC EDGAR 08/24/2026 - 04:30 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Trive Capital Holdings LLC

(Last) (First) (Middle)

2021 MCKINNEY AVENUE, SUITE 1200

(Street)

DALLAS TEXAS 75201

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Lyntris Inc. [ LYNX ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/20/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/20/2026		S		4,137,456	D	$17.5(1)	33,577,032(1)	I	See Footnote(3)
Common Stock	08/20/2026		J(1)(2)		33,577,032	D	$0(1)(2)	0(1)(2)	I	See Footnote(3)
Common Stock	08/20/2026		S		2,721,326	D	$17.5(1)	22,084,595(1)	I	See Footnote(4)
Common Stock	08/20/2026		J(1)(2)		22,084,595	D	$0(1)(2)	0(1)(2)	I	See Footnote(4)
Common Stock	08/20/2026		S		1,474,551	D	$17.5(1)	11,966,544(1)	I	See Footnote(5)
Common Stock	08/20/2026		J(1)(2)		11,966,544	D	$0(1)(2)	0(1)(2)	I	See Footnote(5)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. On August 20, 2026, Trive Capital Fund IV LP, Trive Capital Fund II LP, Trive Capital Fund II (Offshore) LP and Trive Capital Fund IV-A LP (collectively, the "Trive Vehicles") sold an aggregate of 8,333,333 shares of Common Stock at a price of $17.50, before deducting underwriting discounts and commissions, in connection with the Issuer's initial public offering (the "IPO"). Concurrent with the consummation of the IPO, the Trive Vehicles effected a distribution in-kind consisting of all shares of Common Stock held by the Trive Vehicles to their partners for no consideration, certain of which contemporaneously effected a pro rata in-kind distributions to their partners or members for no consideration (the "Trive LP Distribution").

2. (Continued from footnote 1) If requested by a limited partner (a "Trive LP") in connection with the Trive LP Distribution, an affiliate of the Trive Vehicles may continue to manage the shares for such Trive LP following the Trive LP Distribution (and, as a result, Trive Capital Holdings LLC ("Trive Holdings") may continue to have voting and dispositive power over such shares). As of August 20, 2026, none of Trive Holdings or any of its controlled affiliates have any pecuniary interest in any shares of Common Stock.

3. Directly held by TCFIV FS SPV LP. Trive Capital Fund IV GP LLC ("Fund IV GP") is the general partner of TCFIV FS SPV LP and has voting control over TCFIV FS SPV LP. Trive Holdings is the sole managing member of Fund IV GP and has voting control over Fund IV GP. Mr. Conner Searcy, as the sole manager of Trive Holdings, has voting control over Trive Holdings. Each of Fund IV GP, Trive Holdings and Mr. Searcy disclaims beneficial ownership of these securities except to the extent of such person's pecuniary interest therein.

4. Directly held by Trive Capital Fund II LP. Trive Capital Fund II GP LLC ("Fund II GP") is the general partner of Trive Capital Fund II LP and has voting control over Trive Capital Fund II LP. Trive Holdings is the sole managing member of Fund II GP and has voting control over Fund II GP. Mr. Conner Searcy, as the sole manager of Trive Holdings, has voting control over Trive Holdings. Each of Fund II GP, Trive Holdings and Mr. Searcy disclaims beneficial ownership of these securities except to the extent of such person's pecuniary interest therein.

5. Directly held by TCFII NHT SPV LP. Trive Capital Fund II GP Offshore LLC ("Offshore Fund II GP") is the general partner of TCFII NHT SPV LP. Fund II GP is the sole managing member of Offshore Fund II GP and has voting control over Offshore Fund II GP. Trive Holdings is the sole managing member of Fund II GP and has voting control over Fund II GP. Mr. Conner Searcy, as the sole manager of Trive Holdings, has voting control over Trive Holdings. Each of Offshore Fund II GP, Fund II GP, Trive Holdings and Mr. Searcy disclaims beneficial ownership of these securities except to the extent of such person's pecuniary interest therein.

	Trive Capital Holdings LLC, By: /s/ Conner Searcy, Managing Partner	08/24/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)