Lyntris (LYNX) CEO sells IPO shares at $16.45 in Aug. 20 trade

Rhea-AI Filing Summary

Lyntris Inc. (LYNX) reported that Chief Executive Officer and director Brian Morrison sold 186,752 shares of Common Stock on August 20, 2026 in a sale coded as an open-market or private transaction. The sale was made as a selling stockholder in Lyntris Inc.'s initial public offering at the IPO price, net of underwriting discounts and commissions.

Following this sale, Brian Morrison directly holds 1,286,983 shares of Lyntris Inc. common stock. In addition, 393,784 shares are held indirectly by the 2026 Morrison Family Irrevocable Trust dated May 13, 2026, over which Brian Morrison has voting and dispositive control.

Insider Trade Summary

Net Seller: 186,752 shares

Net Sell 2 txns

Insider Morrison Brian

Role Chief Executive Officer

Sold 186,752 shs ($3.07M)

Type	Security	Shares	Price	Value
Sale	Common Stock F1, F2	186,752	$16.45	$3.07M
holding	Common Stock F3	--	--	--

Holdings After Transaction: Common Stock — 1,286,983 shares (Direct); Common Stock — 393,784 shares (Indirect, See footnote)

Footnotes (3)

1. F1. Represents shares sold by the Reporting Person as a selling stockholder in the Issuer's initial public offering.
2. F2. Represents the IPO price, less underwriting discounts and commissions.
3. F3. Shares are directly held by 2026 Morrison Family Irrevocable Trust dated May 13, 2026, over which Brian Morrison has voting and dispositive control.

Key Figures

Shares sold: 186,752 shares of Common Stock Sale price per share: $16.45 per share Direct holdings after transaction: 1,286,983 shares +1 more

4 metrics

Shares sold 186,752 shares of Common Stock Sale reported on August 20, 2026 by CEO Brian Morrison

Sale price per share $16.45 per share Represents the IPO price, less underwriting discounts and commissions

Direct holdings after transaction 1,286,983 shares Common Stock directly held by Brian Morrison following the sale

Indirect holdings via trust 393,784 shares Held by 2026 Morrison Family Irrevocable Trust over which he has voting and dispositive control

Key Terms

initial public offering, underwriting discounts and commissions, irrevocable trust, voting and dispositive control

4 terms

initial public offering financial

"Represents shares sold by the Reporting Person as a selling stockholder in the Issuer's initial public offering"

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.

underwriting discounts and commissions financial

"Represents the IPO price, less underwriting discounts and commissions"

Underwriting discounts and commissions are fees paid to financial institutions that help sell new securities to investors. They act like a commission for their role in connecting companies with buyers, often reducing the amount of money the issuing company raises. For investors, understanding these costs helps gauge how much of their investment is going toward the actual securities versus fees paid to middlemen.

irrevocable trust financial

"Shares are directly held by 2026 Morrison Family Irrevocable Trust dated May 13, 2026"

An irrevocable trust is a legal arrangement where an owner transfers assets into a separate entity managed by a trustee and gives up the power to modify or reclaim those assets. For investors it matters because putting stock or other holdings into such a trust can change who controls and benefits from the assets, affect taxes and creditor protection, and influence how easy it is to sell or value those holdings—like placing valuables in a locked safe overseen by someone else.

voting and dispositive control financial

"over which Brian Morrison has voting and dispositive control"

FAQ

What insider transaction did Lyntris Inc. (LYNX) report for Brian Morrison?

Lyntris Inc. reported that CEO and director Brian Morrison sold 186,752 shares of Common Stock on August 20, 2026 in a transaction coded as a sale in an open market or private transaction.

At what price were Brian Morrison’s Lyntris Inc. (LYNX) shares sold?

The reported sale price was $16.45 per share, which the filing states represents the IPO price, less underwriting discounts and commissions.

How many Lyntris Inc. (LYNX) shares does Brian Morrison hold after the sale?

After the reported sale, Brian Morrison directly holds 1,286,983 shares of Lyntris Inc. common stock. An additional 393,784 shares are held indirectly through the 2026 Morrison Family Irrevocable Trust.

Was Brian Morrison’s Lyntris Inc. (LYNX) share sale part of the IPO?

Yes. A footnote states the 186,752 shares represent shares sold by Brian Morrison as a selling stockholder in Lyntris Inc.’s initial public offering.

How are the indirect Lyntris Inc. (LYNX) shares of Brian Morrison held?

The filing states that 393,784 shares are held by the 2026 Morrison Family Irrevocable Trust dated May 13, 2026, over which Brian Morrison has voting and dispositive control.

Were Brian Morrison’s Lyntris Inc. (LYNX) transactions under a Rule 10b5-1 plan?

No. The Rule 10b5-1 checkbox is not marked as applicable; the filing indicates the transactions were not affirmed as made pursuant to a Rule 10b5-1 trading plan.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/21/2026 - 05:44 PM Accepted by SEC EDGAR 08/21/2026 - 05:44 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^*

Morrison Brian

(Last) (First) (Middle)

C/O LYNTRIS INC.

3130 FAIRVIEW PARK DRIVE, SUITE 230

(Street)

FALLS CHURCH VIRGINIA 22042

(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)

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

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		186,752(1)	D	$16.45(2)	1,286,983	D
Common Stock								393,784	I	See footnote(3)

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. Represents shares sold by the Reporting Person as a selling stockholder in the Issuer's initial public offering.

2. Represents the IPO price, less underwriting discounts and commissions.

3. Shares are directly held by 2026 Morrison Family Irrevocable Trust dated May 13, 2026, over which Brian Morrison has voting and dispositive control.

	/s/ Tim Paulin, Attorney-in-Fact	08/21/2026
	** 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)