Lyntris (LYNX) Director David Stinnett Receives 3.46M Shares

What Happened
David Stinnett, a director of Lyntris Inc. (LYNX), acquired 3,459,794 shares of Lyntris common stock on 2026-08-20. The shares were received for no consideration (price $0.00; reported total $0) as an "other acquisition" (transaction code J) rather than a market purchase.

Key Details

• Transaction date: 2026-08-20; Form 4 filed 2026-08-21 (timely filing).
• Transaction type/code: Other acquisition (J) — distribution-in-kind.
• Shares acquired: 3,459,794 at $0.00 (total $0 reported).
• Shares owned after transaction: Not specified in the filing.
• Footnote: The filing notes (F1) these shares were received in a distribution-in-kind by entities affiliated with Trive Capital Holdings LLC to their partners concurrent with the IPO; the Reporting Person received these shares for no consideration.
• No 10b5-1 plan, tax-withholding, or sale information was reported.

Context
A distribution-in-kind is a non-cash transfer of shares from related entities to partners and typically reflects ownership allocation rather than an open-market purchase or sale. Such distributions do not necessarily indicate the insider's view of the company's near-term prospects.