Lynrock Lake reports 9,416,666-share, 10%+ Teradata (TDC) position
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Teradata Corporation (TDC) received an initial ownership report showing that investment entities affiliated with Lynrock Lake beneficially own 9,416,666 shares of Teradata common stock, held indirectly through Lynrock Lake Master Fund LP. This position represents more than 10% of Teradata’s outstanding common stock, driven by Teradata’s stock repurchase activity and the resulting decrease in shares outstanding disclosed in its Form 10-Q filed on November 5, 2025. Lynrock Lake LP, Lynrock Lake Partners LLC, and Cynthia Paul may be deemed beneficial owners of these shares but each disclaims ownership beyond their respective economic interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Lynrock Lake LP, LYNROCK LAKE PARTNERS LLC, Paul Cynthia
Role
10% Owner | 10% Owner | 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 9,416,666 shares (Indirect, By Fund)
Footnotes (1)
- The reported securities represent more than 10% of the Issuer's common stock as a result of Issuer stock repurchases and the corresponding decrease in outstanding shares as disclosed in the Issuer's quarterly report on Form 10-Q filed on November 5, 2025. Shares are held directly by Lynrock Lake Master Fund LP ("Lynrock Fund"). The investment manager and general partner of Lynrock Fund are Lynrock Lake LP ("Lynrock") and Lynrock Lake Partners LLC ("Lynrock GP"), respectively, and each may be deemed to beneficially own the shares held by Lynrock Fund. Cynthia Paul is the Chief Investment Officer of Lynrock and Sole Member of Lynrock GP and may be deemed to beneficially own the shares held by Lynrock Fund. Each of Lynrock, Lynrock GP and Ms. Paul disclaims beneficial ownership in these shares except to the extent of its or her respective pecuniary interest therein.
FAQ
What does the Teradata (TDC) Form 3 filing report about ownership?
The filing reports that Lynrock Lake-affiliated entities beneficially own 9,416,666 shares of Teradata common stock, held indirectly through Lynrock Lake Master Fund LP.
How large is Lynrock Lake’s beneficial ownership stake in Teradata (TDC)?
According to the filing, the 9,416,666 shares reported represent more than 10% of Teradata’s outstanding common stock following issuer stock repurchases.
Why did Lynrock Lake become a more than 10% owner of Teradata (TDC)?
The filing explains that the stake exceeds 10% because Teradata repurchased its own stock, reducing the number of shares outstanding as disclosed in its Form 10-Q filed on November 5, 2025.
Who is Cynthia Paul in relation to the Teradata (TDC) ownership filing?
The filing states that Cynthia Paul is the Chief Investment Officer of Lynrock Lake LP and Sole Member of Lynrock Lake Partners LLC and may be deemed to beneficially own the shares held by Lynrock Lake Master Fund LP.
Is Lynrock Lake’s ownership in Teradata (TDC) direct or indirect?
The shares are held directly by Lynrock Lake Master Fund LP; Lynrock Lake LP, Lynrock Lake Partners LLC, and Cynthia Paul may be deemed indirect beneficial owners through their roles with the fund.
Do Lynrock Lake and Cynthia Paul fully acknowledge beneficial ownership of all reported Teradata (TDC) shares?
The filing notes that Lynrock Lake LP, Lynrock Lake Partners LLC, and Cynthia Paul each disclaim beneficial ownership of the reported shares except to the extent of their respective pecuniary interest.