Lyntris (LYNX) president sells 238K IPO shares at $16.45
Rhea-AI Filing Summary
Lyntris Inc. (LYNX) reported that director and President Matthew Alty sold 238,583 shares of common stock on 2026-08-20 in a sale classified as a selling stockholder transaction in the company’s initial public offering at $16.45 per share, which reflects the IPO price less underwriting discounts and commissions. After this sale, Alty directly holds 1,789,377 shares of common stock, and additional shares are held indirectly through irrevocable trusts over which he has voting and dispositive control.
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Insights
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Insider Trade Summary
Net Seller: 238,583 shares
Net Sell
4 txns
Insider
Alty Matthew
Role
President
Sold
238,583 shs ($3.92M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1, F2 | 238,583 | $16.45 | $3.92M |
| holding | Common Stock F3 | -- | -- | -- |
| holding | Common Stock F4 | -- | -- | -- |
| holding | Common Stock F5 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 1,789,377 shares (Direct);
Common Stock — 357,870 shares (Indirect, See footnote)
Footnotes (5)
- F1. Represents shares sold by the Reporting Person as a selling stockholder in the Issuer's initial public offering.
- F2. Represents the IPO price, less underwriting discounts and commissions.
- F3. Shares are directly held by an irrevocable trust, over which Matthew Alty has voting and dispositive control.
- F4. Shares are directly held by an irrevocable trust, over which Matthew Alty has voting and dispositive control.
- F5. Shares are directly held by an irrevocable trust, over which Matthew Alty has voting and dispositive control.
Key Figures
Shares sold: 238,583 shares of Common Stock
Sale price: $16.45 per share
Direct holdings after transaction: 1,789,377 shares of Common Stock
3 metrics
Shares sold
238,583 shares of Common Stock
Sale by Matthew Alty on 2026-08-20 as a selling stockholder in the IPO
Sale price
$16.45 per share
Represents the IPO price, less underwriting discounts and commissions
Direct holdings after transaction
1,789,377 shares of Common Stock
Directly held by Matthew Alty following the 2026-08-20 sale
Key Terms
initial public offering, selling stockholder, irrevocable trust
3 terms
initial public offering financial
"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.
selling stockholder financial
"shares sold by the Reporting Person as a selling stockholder in the Issuer's initial public offering"
A selling stockholder is an individual or entity that owns shares of a company's stock and chooses to sell some or all of those shares to others. This often occurs when the owner wants to cash in on their investment or reduce their stake. For investors, understanding who the selling stockholder is can provide insights into potential changes in the company's ownership or market activity.
irrevocable trust financial
"Shares are directly held by an irrevocable trust, over which Matthew Alty has voting"
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.
FAQ
What insider transaction did Lyntris Inc. (LYNX) disclose for Matthew Alty?
Lyntris Inc. disclosed that Matthew Alty, its President and director, sold 238,583 shares of common stock on 2026-08-20 as a selling stockholder in the company’s initial public offering.
How are Matthew Alty’s indirect LYNX holdings structured?
The filing states that certain Lyntris Inc. shares are held by irrevocable trusts, and that Matthew Alty has voting and dispositive control over these trust-held shares, which are therefore reported as indirect ownership.
AI-generated analysis. How Rhea-AI works. Not financial advice.