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

Role
Director, 10%+ Owner
Signature
/s/ Edward T. Anderson
Stock symbol
LYRA
Transactions as of
May 31, 2023
Transactions value $
$4,499,999
Form type
4
Date filed
6/2/2023, 04:11 PM
Previous filing
Mar 17, 2023
Next filing
Jun 5, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LYRA Common Stock Purchase $981K +404K +21.77% $2.43 2.26M May 31, 2023 See footnote F1, F2
transaction LYRA Common Stock Purchase $481K +198K +21.77% $2.43 1.11M May 31, 2023 See footnote F1, F3
transaction LYRA Common Stock Purchase $2.92M +1.2M +91.31% $2.43 2.52M May 31, 2023 See footnote F1, F4
holding LYRA Common Stock 118K May 31, 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 $25.2K +202K $0.13* 202K May 31, 2023 Common Stock 202K $2.67 See footnote F1, F2
transaction LYRA Warrant to purchase Common Stock Purchase $12.4K +99K $0.13* 99K May 31, 2023 Common Stock 99K $2.67 See footnote F1, F3
transaction LYRA Warrant to purchase Common Stock Purchase $75.2K +602K $0.13* 602K May 31, 2023 Common Stock 602K $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.