Lynrock Lake LP 4
4 · TERADATA CORP /DE/ · Filed Feb 13, 2026
Research Summary
AI-generated summary of this filing
Teradata (TDC) 10% Holder Lynrock Lake LP Sells 61,990 Shares
What Happened
Lynrock Lake LP, reported as a 10% owner of Teradata Corp (TDC), sold a total of 61,990 shares on February 11, 2026 in three open-market/private-sale tranches. The transactions were: 10,514 shares at a weighted average $39.57 (proceeds $416,074); 40,807 shares at a weighted average $40.24 (proceeds $1,641,959); and 10,669 shares at a weighted average $41.19 (proceeds $439,474). Total proceeds across the three tranches were about $2.497 million. These were sales (not purchases), which are often routine for institutional holders.
Key Details
- Transaction date: February 11, 2026 (filed on Feb 13, 2026 — timely filing).
- Reported as sales (Code S); executed as open-market or private-sale transactions.
- Weighted-average prices and reported ranges:
- 10,514 shares — weighted avg $39.57; individual trade prices ranged $39.00–$39.99 (Footnote F1).
- 40,807 shares — weighted avg $40.24; individual trade prices ranged $40.00–$40.9863 (Footnote F3).
- 10,669 shares — weighted avg $41.19; individual trade prices ranged $41.00–$41.57 (Footnote F4).
- Shares owned after the transaction: Not specified in the provided excerpt of the filing.
- Ownership structure (Footnote F2): Shares are held by Lynrock Lake Master Fund LP; Lynrock Lake LP (investment manager) and Lynrock Lake Partners LLC (GP) may be deemed to beneficially own the shares; Cynthia Paul is CIO of Lynrock and sole member of the GP and may be deemed to have a pecuniary interest. All disclaim broader beneficial ownership except to the extent of pecuniary interest.
- The filing includes undertakings to provide per-price breakdowns on request (per footnotes).
Context
This filing involves a significant institutional holder (10% owner) selling stock; it is not an executive stock grant, option exercise, or a gift. Institutional sales can reflect portfolio management and do not necessarily indicate management sentiment about the company. The form was filed within the typical reporting window (filed two days after the trade date).
Insider Transaction Report
- Sale
Common Stock, par value $0.01 per share
[F1][F2]2026-02-11$39.57/sh−10,514$416,074→ 9,406,152 total(indirect: By Fund) - Sale
Common Stock, par value $0.01 per share
[F3][F2]2026-02-11$40.24/sh−40,807$1,641,959→ 9,365,345 total(indirect: By Fund) - Sale
Common Stock, par value $0.01 per share
[F4][F2]2026-02-11$41.19/sh−10,669$439,474→ 9,354,676 total(indirect: By Fund)
Footnotes (4)
- [F1]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.
- [F2]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.
- [F3]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.
- [F4]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.