Lyntris Director Cope Tanner Receives 231,987 Shares

What Happened Cope Tanner, a director of Lyntris Inc. (LYNX), was reported to have acquired 231,987 shares on August 20, 2026. The shares were received for no consideration ($0.00 per share), so the reported cash value of the transaction is $0. According to the filing footnote, the shares were part of a distribution-in-kind from entities affiliated with Trive Capital Holdings LLC related to the company's IPO registration (Form S-1).

Key Details

• Transaction date: 2026-08-20; reported on Form 4 filed 2026-08-21 (timely).
• Transaction type/code: Other acquisition or disposition (Code J).
• Shares acquired: 231,987 at $0.00 per share (total cash value $0).
• Shares owned after transaction: not specified in the provided filing.
• Footnote: Distribution-in-kind to partners by Trive Capital affiliates as previously disclosed in the S-1.
• Filing timeliness: Filed the next day (within normal Form 4 reporting window).

Context This was a distribution-in-kind tied to the IPO process—not an open-market purchase or sale. Such distributions allocate shares held by prior owners and do not necessarily signal insider buying or selling intent. For retail investors, the item is informational about ownership changes but should not be read as a market sentiment trade by the director.