Daniel Bensen - Jun 26, 2023 Form 4 Insider Report for Tyra Biosciences, Inc. (TYRA)

Role
Chief Operating Officer
Signature
/s/ Ali D. Fawaz, Attorney-in-Fact
Stock symbol
TYRA
Transactions as of
Jun 26, 2023
Transactions value $
-$760,098
Form type
4
Date filed
6/28/2023, 08:31 PM
Previous filing
Jun 15, 2023
Next filing
Jul 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TYRA Common Stock Options Exercise $10.5K +17.2K +3.26% $0.61* 545K Jun 26, 2023 Direct
transaction TYRA Common Stock Sale -$179K -10.9K -1.99% $16.49 534K Jun 26, 2023 Direct F1, F2
transaction TYRA Common Stock Sale -$110K -6.37K -1.19% $17.24 528K Jun 26, 2023 Direct F1, F3
transaction TYRA Common Stock Options Exercise $9.78K +16K +3.04% $0.61* 544K Jun 27, 2023 Direct
transaction TYRA Common Stock Sale -$132K -7.89K -1.45% $16.73 536K Jun 27, 2023 Direct F1, F4
transaction TYRA Common Stock Sale -$139K -8.14K -1.52% $17.09 528K Jun 27, 2023 Direct F1, F5
transaction TYRA Common Stock Options Exercise $8.25K +13.5K +2.56% $0.61* 542K Jun 28, 2023 Direct
transaction TYRA Common Stock Sale -$229K -13.5K -2.5% $16.91 528K Jun 28, 2023 Direct F1, F6

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 TYRA Stock Option (Right to Buy) Options Exercise $0 -17.2K -7.52% $0.00 212K Jun 26, 2023 Common Stock 17.2K $0.61 Direct F7
transaction TYRA Stock Option (Right to Buy) Options Exercise $0 -16K -7.57% $0.00 196K Jun 27, 2023 Common Stock 16K $0.61 Direct F7
transaction TYRA Stock Option (Right to Buy) Options Exercise $0 -13.5K -6.91% $0.00 182K Jun 28, 2023 Common Stock 13.5K $0.61 Direct F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 7, 2022.
F2 Represents the weighted average sale price for the entire number of shares sold. The actual sale prices range between $16.01 to $17.005. Detailed information on the exact number of shares sold at each sale price can be obtained from the Issuer upon request.
F3 Represents the weighted average sale price for the entire number of shares sold. The actual sale prices range between $17.02 to $17.69. Detailed information on the exact number of shares sold at each sale price can be obtained from the Issuer upon request.
F4 Represents the weighted average sale price for the entire number of shares sold. The actual sale prices range between $16.01 to $17.01. Detailed information on the exact number of shares sold at each sale price can be obtained from the Issuer upon request.
F5 Represents the weighted average sale price for the entire number of shares sold. The actual sale prices range between $17.02 to $17.20. Detailed information on the exact number of shares sold at each sale price can be obtained from the Issuer upon request.
F6 Represents the weighted average sale price for the entire number of shares sold. The actual sale prices range between $16.50 to $17.09. Detailed information on the exact number of shares sold at each sale price can be obtained from the Issuer upon request.
F7 25% of the shares subject to the option vested on January 27, 2021, and 1/48th of the shares subject to the option vest monthly thereafter.