Lyntris (LYNX) President Matthew Alty Sells 238,583 Shares

What Happened
Matthew Alty, President and Director of Lyntris (LYNX), disposed of 238,583 shares on August 20, 2026. The shares were sold at $16.45 per share for total proceeds of $3,924,690. This transaction is reported as a sale (S) and, per the filing, represents shares sold by the reporting person as a selling stockholder in the company’s initial public offering.

Key Details

• Transaction date and price: August 20, 2026 — 238,583 shares at $16.45 each (total $3,924,690).
• Transaction type: Sale (code S) as a selling stockholder in the IPO (Footnote F1).
• Price note: The $16.45 figure reflects the IPO price less underwriting discounts and commissions (Footnote F2).
• Holdings after transaction: Not specified in the provided filing excerpt.
• Ownership vehicle: The shares sold were directly held by an irrevocable trust over which Alty has voting and dispositive control (Footnotes F3–F5).
• Filing timeliness: Report filed on Aug 21, 2026, one day after the transaction date — appears to be timely under standard Form 4 deadlines.

Context
This was an IPO-related sale by a selling stockholder rather than an open-market purchase; such sales are often part of planned distributions tied to offerings and do not by themselves indicate management sentiment. The filing notes the shares were held in an irrevocable trust controlled by Alty, and the per-share amount reported reflects the issuer’s IPO pricing after underwriting deductions.