Lynrock fund trims Teradata (TDC) stake with 61,990-share open-market sale
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Lynrock Lake Master Fund LP, an entity associated with Lynrock Lake LP and Lynrock Lake Partners LLC, reported three open-market sales of Teradata (TDC) common stock on February 11, 2026. The transactions totaled 61,990 shares sold at weighted average prices of $39.5733, $40.2372 and $41.1917 per share.
Following these sales, the fund indirectly beneficially owned 9,354,676 shares of Teradata common stock. The filing notes that Lynrock Lake LP, Lynrock Lake Partners LLC and Cynthia Paul may be deemed to beneficially own the shares through their roles, but each disclaims beneficial ownership except for any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 61,990 shares ($2,497,507)
Net Sell
3 txns
Insider
Lynrock Lake LP, LYNROCK LAKE PARTNERS LLC, Paul Cynthia
Role
10% Owner | 10% Owner | 10% Owner
Sold
61,990 shs ($2.50M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock, par value $0.01 per share | 10,514 | $39.5733 | $416K |
| Sale | Common Stock, par value $0.01 per share | 40,807 | $40.2372 | $1.64M |
| Sale | Common Stock, par value $0.01 per share | 10,669 | $41.1917 | $439K |
Holdings After Transaction:
Common Stock, par value $0.01 per share — 9,406,152 shares (Indirect, By Fund)
Footnotes (1)
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $39.0000 to $39.9900, inclusive. The Reporting Persons undertake to provide the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. 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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $40.0000 to $40.9863, inclusive. The Reporting Persons undertake to provide the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $41.0000 to $41.5700, inclusive. The Reporting Persons undertake to provide the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
FAQ
What insider transaction did Lynrock Lake report in Teradata (TDC)?
Lynrock Lake Master Fund LP reported selling Teradata common stock in three open-market transactions on February 11, 2026. The sales totaled 61,990 shares at weighted average prices between $39.5733 and $41.1917 per share, as disclosed in the Form 4 filing.
Who are the reporting persons on this Teradata (TDC) Form 4?
The reporting persons are Lynrock Lake LP, Lynrock Lake Partners LLC and Cynthia Paul. Footnotes explain that shares are held by Lynrock Lake Master Fund LP, and each reporting person may be deemed a beneficial owner but disclaims ownership beyond their respective pecuniary interests.
Were the Teradata (TDC) insider trades direct or indirect holdings for Lynrock?
All reported Teradata transactions relate to indirectly held shares, with ownership listed as "I" and described as "By Fund." The Form 4 explains that Lynrock Lake Master Fund LP holds the shares, and the reporting persons’ interests arise through their management and ownership roles in that fund structure.