Lyntris (LYNX) CEO Brian Morrison Sells 186,752 Shares

What Happened

• Brian Morrison, CEO of Lyntris Inc., sold 186,752 shares on August 20, 2026 as a selling stockholder in the company's initial public offering. The reported price was $16.45 per share (net of underwriting discounts/commissions), for proceeds of $3,072,070. The transaction is coded as a sale (S).

Key Details

• Transaction date: 2026-08-20; Filing date: 2026-08-21 (timely Form 4 filing).
• Price: $16.45 per share; Total proceeds: $3,072,070.
• Transaction type: Sale as a selling stockholder in the IPO (per filing footnote).
• Shares after transaction: Not specified in the filing.
• Relevant footnotes:
  • F1: Sale was by the reporting person as a selling stockholder in the issuer's IPO.
  • F2: $16.45 represents the IPO price less underwriting discounts and commissions.
  • F3: Shares were held directly by the 2026 Morrison Family Irrevocable Trust (May 13, 2026); Brian Morrison has voting and dispositive control.

Context

• This was an IPO-related sale by a selling stockholder, which is typically part of the offering process and not necessarily an indicator of the insider’s view on the company’s prospects. Sales like this frequently reflect liquidity events tied to an offering rather than open-market sentiment-driven trades.