Lyntris Inc. (NYSE:LYNX – Get Free Report) major shareholder Trive Capital Holdings Llc sold 8,333,333 shares of the firm’s stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $17.50, for a total transaction of $145,833,327.50. Following the sale, the insider owned 11,966,544 shares of the company’s stock, valued at approximately $209,414,520. This represents a 41.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Lyntris Stock Down 3.4%
NYSE LYNX opened at $15.18 on Tuesday. Lyntris Inc. has a 1-year low of $14.28 and a 1-year high of $16.00.
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