Edward T. Anderson - 31 May 2023 Form 4 Insider Report for Lyra Therapeutics, Inc. (LYRA)

Role
Director, 10%+ Owner
Signature
/s/ Edward T. Anderson
Issuer symbol
LYRA
Transactions as of
31 May 2023
Net transactions value
+$4,499,999
Form type
4
Filing time
02 Jun 2023, 16:11:24 UTC
Previous filing
17 Mar 2023
Next filing
05 Jun 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LYRA Common Stock Purchase $981,375 +403,858 +22% $2.43 2,259,301 31 May 2023 See footnote F1, F2
transaction LYRA Common Stock Purchase $481,009 +197,946 +22% $2.43 1,107,370 31 May 2023 See footnote F1, F3
transaction LYRA Common Stock Purchase $2,924,777 +1,203,612 +91% $2.43 2,521,745 31 May 2023 See footnote F1, F4
holding LYRA Common Stock 118,483 31 May 2023 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction LYRA Warrant to purchase Common Stock Purchase $25,241 +201,929 $0.1250* 201,929 31 May 2023 Common Stock 201,929 $2.67 See footnote F1, F2
transaction LYRA Warrant to purchase Common Stock Purchase $12,372 +98,973 $0.1250* 98,973 31 May 2023 Common Stock 98,973 $2.67 See footnote F1, F3
transaction LYRA Warrant to purchase Common Stock Purchase $75,226 +601,806 $0.1250* 601,806 31 May 2023 Common Stock 601,806 $2.67 See footnote F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reportable securities were acquired pursuant to the Securities Purchase Agreement dated May 25, 2023 between the Issuer, North Bridge Venture Partners V-A, L.P. ("NBVP V-A"), North Bridge Venture Partners V-B, L.P. ("NBVP V-B"), North Bridge Venture Partners VI, L.P. ("NBVP VI") and certain other investors.
F2 The reportable securities are owned directly by NBVP V-A. North Bridge Venture Management V, L.P. ("NBVM V") is the sole general partner of NBVP V-A and North Bridge Venture Management GP, LLC ("NBVM GP") is the sole general partner of NBVM V. Each of the Reporting Person, a member of the Issuer's board of directors, and Richard A. D'Amore ("D'Amore") are the managing members of NBVM GP and may be deemed to have shared voting and dispositive power over the shares held by NBVP V-A. Each of NBVM V, NBVM GP, the Reporting Person and D'Amore disclaims beneficial ownership of these securities and this report shall not be deemed an admission that any one of them is the beneficial owner of such securities for purposes of Section 16 or for any other purpose, except to the extent of their respective pecuniary interests therein.
F3 The reportable securities are owned directly by NBVP V-B. NBVM V is the sole general partner of NBVP V-B and NBVM GP is the sole general partner of NBVM V. Each of the Reporting Person, a member of the Issuer's board of directors, and D'Amore are the managing members of NBVM GP and may be deemed to have shared voting and dispositive power over the shares held by NBVP V-B. Each of NBVM V, NBVM GP, the Reporting Person and D'Amore disclaims beneficial ownership of these securities and this report shall not be deemed an admission that any one of them is the beneficial owner of such securities for purposes of Section 16 or for any other purpose, except to the extent of their respective pecuniary interests therein.
F4 The reportable securities are owned directly by NBVP VI. North Bridge Venture Management VI, L.P. ("NBVM VI") is the sole general partner of NBVP VI and NBVM GP is the sole general partner of NBVM VI. Each of the Reporting Person, a member of the Issuer's board of directors, and D'Amore are the managing members of NBVM GP and may be deemed to have shared voting and dispositive power over the shares held by NBVP VI. Each of NBVM VI, NBVM GP, the Reporting Person and D'Amore disclaims beneficial ownership of these securities and this report shall not be deemed an admission that any one of them is the beneficial owner of such securities for purposes of Section 16 or for any other purpose, except to the extent of their respective pecuniary interests therein.