Trive Capital Holdings LLC filed a Form 4 with the SEC on August 24, 2026, disclosing transactions in Lyntris Inc. (NASDAQ:LYNX) common stock dated August 20, 2026, in connection with the company's initial public offering.

Key Highlights

  • IPO share sale: The Trive Vehicles sold an aggregate of 8,333,333 shares of common stock at $17.50 per share, before deducting underwriting discounts and commissions.
  • In-kind distribution: Concurrent with the IPO, the Trive Vehicles distributed all remaining shares of common stock to their partners for no consideration.
  • No remaining pecuniary interest: According to the filing, as of August 20, 2026, none of Trive Capital Holdings LLC or its controlled affiliates retain any pecuniary interest in any shares of common stock.
  • Post-transaction ownership: Following the sales and distributions, the beneficial ownership reported for each of the three Trive vehicle lines was reduced to zero shares.
  • Reporting person: Trive Capital Holdings LLC, identified as a 10% owner, is the reporting person; Conner Searcy is the sole manager of Trive Holdings.

Trive Capital Exits Lyntris Position at IPO Through Sales and Partner Distributions

According to the Form 4 filed August 24, 2026, Trive Capital Holdings LLC reported transactions on August 20, 2026 involving common stock of Lyntris Inc. (NASDAQ:LYNX). The Trive Vehicles - Trive Capital Fund IV LP, Trive Capital Fund II LP, Trive Capital Fund II (Offshore) LP, and Trive Capital Fund IV-A LP - sold a combined 8,333,333 shares at $17.50 per share in connection with the issuer's initial public offering.

Simultaneously with the IPO, the filing discloses that the Trive Vehicles "effected a distribution in-kind consisting of all shares of Common Stock held by the Trive Vehicles to their partners for no consideration," with certain recipients then making further pro rata in-kind distributions to their own partners or members. The filing refers to this process as the "Trive LP Distribution." Three separate transaction lines (coded "J") reflect disposals of 33,577,032 shares, 22,084,595 shares, and 11,966,544 shares, respectively, at $0, each resulting in a post-transaction beneficial ownership of zero shares for the relevant vehicle.

The filing notes that if a limited partner requested it in connection with the Trive LP Distribution, an affiliate of the Trive Vehicles may continue to manage shares for that partner, which could mean Trive Capital Holdings LLC retains voting and dispositive power over such shares. However, the filing states that as of August 20, 2026, neither Trive Holdings nor any of its controlled affiliates holds any pecuniary interest in common stock. Each of the named general partners, Trive Holdings, and Mr. Searcy individually disclaim beneficial ownership of the securities except to the extent of their respective pecuniary interests.

What Was Disclosed

Trive Capital Holdings LLC reported the sale of 8,333,333 Lyntris Inc. common shares at $17.50 in the IPO and a concurrent in-kind distribution of all remaining shares to partners, leaving the reporting entity with zero pecuniary interest as of August 20, 2026.