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Filing Details

Accession Number:: 0000899243-20-012168
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2020-05-06 19:30:22
Reporting Period:: 2020-05-05

Accepted Time:: 2020-05-06 19:30:22
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1327273	Lyra Therapeutics Inc.	LYRA	()	MA

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
1117003	Terrance Mcguire	One Marina Park Drive, 10Th Floor Boston MA 02210	No	No	Yes	No
1295676	A Jonathan Flint	One Marina Park Drive, 10Th Floor Boston MA 02210	No	No	Yes	No
1439586	Polaris Venture Partners Special Founders' Fund V, L.p.	One Marina Park Drive, 10Th Floor Boston MA 02210	No	No	Yes	No
1439587	Polaris Venture Partners Entrepreneurs' Fund V, L.p.	One Marina Park Drive, 10Th Floor Boston MA 02210	No	No	Yes	No
1439588	Polaris Venture Partners Founders' Fund V, L.p.	One Marina Park Drive, 10Th Floor Boston MA 02210	No	No	Yes	No
1439589	Polaris Venture Management Co. V, L.l.c.	One Marina Park Drive, 10Th Floor Boston MA 02210	No	No	Yes	No
1439590	Polaris Venture Partners V, L.p.	One Marina Park Drive, 10Th Floor Boston MA 02210	No	No	Yes	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2020-05-05	993,981	$0.00	993,981	No	4	C	Indirect	See footnote
Common Stock	Acquisiton	2020-05-05	19,370	$0.00	19,370	No	4	C	Indirect	See footnote
Common Stock	Acquisiton	2020-05-05	9,936	$0.00	9,936	No	4	C	Indirect	See footnote
Common Stock	Acquisiton	2020-05-05	6,807	$0.00	6,807	No	4	C	Indirect	See footnote
Common Stock	Acquisiton	2020-05-05	17,304	$8.63	1,011,285	No	4	X	Indirect	See footnote
Common Stock	Disposition	2020-05-05	9,334	$16.00	1,001,951	No	4	S	Indirect	See footnote
Common Stock	Acquisiton	2020-05-05	337	$8.63	19,707	No	4	X	Indirect	See footnote
Common Stock	Disposition	2020-05-05	182	$16.00	19,525	No	4	S	Indirect	See footnote
Common Stock	Acquisiton	2020-05-05	173	$8.63	10,109	No	4	X	Indirect	See footnote
Common Stock	Disposition	2020-05-05	94	$16.00	10,015	No	4	S	Indirect	See footnote
Common Stock	Acquisiton	2020-05-05	118	$8.63	6,925	No	4	X	Indirect	See footnote
Common Stock	Disposition	2020-05-05	64	$16.00	6,861	No	4	S	Indirect	See footnote
Common Stock	Acquisiton	2020-05-05	60,308	$16.00	1,062,259	No	4	P	Indirect	See footnote
Common Stock	Acquisiton	2020-05-05	1,176	$16.00	20,701	No	4	P	Indirect	See footnote
Common Stock	Acquisiton	2020-05-05	603	$16.00	10,618	No	4	P	Indirect	See footnote
Common Stock	Acquisiton	2020-05-05	413	$16.00	7,274	No	4	P	Indirect	See footnote

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	C	Indirect	See footnote
No	4	C	Indirect	See footnote
No	4	C	Indirect	See footnote
No	4	C	Indirect	See footnote
No	4	X	Indirect	See footnote
No	4	S	Indirect	See footnote
No	4	X	Indirect	See footnote
No	4	S	Indirect	See footnote
No	4	X	Indirect	See footnote
No	4	S	Indirect	See footnote
No	4	X	Indirect	See footnote
No	4	S	Indirect	See footnote
No	4	P	Indirect	See footnote
No	4	P	Indirect	See footnote
No	4	P	Indirect	See footnote
No	4	P	Indirect	See footnote

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Series A-1/C Convertible Preferred Stock	Disposition	2020-05-05	6,268,687	$0.00	181,790	$0.00
Common Stock	Series A-1/C Convertible Preferred Stock	Disposition	2020-05-05	122,177	$0.00	3,543	$0.00
Common Stock	Series A-1/C Convertible Preferred Stock	Disposition	2020-05-05	62,687	$0.00	1,817	$0.00
Common Stock	Series A-1/C Convertible Preferred Stock	Disposition	2020-05-05	42,941	$0.00	1,245	$0.00
Common Stock	Series A-2 Convertible Preferred Stock	Disposition	2020-05-05	3,296,014	$0.00	95,583	$0.00
Common Stock	Series A-2 Convertible Preferred Stock	Disposition	2020-05-05	64,237	$0.00	1,862	$0.00
Common Stock	Series A-2 Convertible Preferred Stock	Disposition	2020-05-05	32,961	$0.00	955	$0.00
Common Stock	Series A-2 Convertible Preferred Stock	Disposition	2020-05-05	22,580	$0.00	654	$0.00
Common Stock	Series A-3 Convertible Preferred Stock	Disposition	2020-05-05	8,610,081	$0.00	249,690	$0.00
Common Stock	Series A-3 Convertible Preferred Stock	Disposition	2020-05-05	167,809	$0.00	4,866	$0.00
Common Stock	Series A-3 Convertible Preferred Stock	Disposition	2020-05-05	86,101	$0.00	2,496	$0.00
Common Stock	Series A-3 Convertible Preferred Stock	Disposition	2020-05-05	58,980	$0.00	1,710	$0.00
Common Stock	Series A-4 Convertible Preferred Stock	Disposition	2020-05-05	7,693,406	$0.00	223,107	$0.00
Common Stock	Series A-4 Convertible Preferred Stock	Disposition	2020-05-05	149,944	$0.00	4,348	$0.00
Common Stock	Series A-4 Convertible Preferred Stock	Disposition	2020-05-05	76,934	$0.00	2,231	$0.00
Common Stock	Series A-4 Convertible Preferred Stock	Disposition	2020-05-05	52,700	$0.00	1,528	$0.00
Common Stock	Series B Convertible Preferred Stock	Disposition	2020-05-05	6,418,387	$0.00	186,131	$0.00
Common Stock	Series B Convertible Preferred Stock	Disposition	2020-05-05	125,094	$0.00	3,627	$0.00
Common Stock	Series B Convertible Preferred Stock	Disposition	2020-05-05	64,183	$0.00	1,861	$0.00
Common Stock	Series B Convertible Preferred Stock	Disposition	2020-05-05	43,966	$0.00	1,275	$0.00
Common Stock	Series C Convertible Preferred Stock	Disposition	2020-05-05	1,988,991	$0.00	57,680	$0.00
Common Stock	Series C Convertible Preferred Stock	Disposition	2020-05-05	38,765	$0.00	1,124	$0.00
Common Stock	Series C Convertible Preferred Stock	Disposition	2020-05-05	19,890	$0.00	576	$0.00
Common Stock	Series C Convertible Preferred Stock	Disposition	2020-05-05	13,625	$0.00	395	$0.00
Common Stock	Common Warrants	Disposition	2020-05-05	17,304	$0.00	17,304	$8.63
Common Stock	Common Warrants	Disposition	2020-05-05	337	$0.00	337	$8.63
Common Stock	Common Warrants	Disposition	2020-05-05	173	$0.00	173	$8.63
Common Stock	Common Warrants	Disposition	2020-05-05	118	$0.00	118	$8.63

Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
		No	4	C	Indirect
		No	4	C	Indirect
		No	4	C	Indirect
		No	4	C	Indirect
		No	4	C	Indirect
		No	4	C	Indirect
		No	4	C	Indirect
		No	4	C	Indirect
		No	4	C	Indirect
		No	4	C	Indirect
		No	4	C	Indirect
		No	4	C	Indirect
		No	4	C	Indirect
		No	4	C	Indirect
		No	4	C	Indirect
		No	4	C	Indirect
		No	4	C	Indirect
		No	4	C	Indirect
		No	4	C	Indirect
		No	4	C	Indirect
		No	4	C	Indirect
		No	4	C	Indirect
		No	4	C	Indirect
		No	4	C	Indirect
2020-01-10	2030-01-10	No	4	X	Indirect
2020-01-10	2030-01-10	No	4	X	Indirect
2020-01-10	2030-01-10	No	4	X	Indirect
2020-01-10	2030-01-10	No	4	X	Indirect

Footnotes

Each share of preferred stock was automatically converted into 0.0289998 shares of common stock upon the closing of the Issuer's initial public offering. The preferred stock had no expiration date.
The reportable securities are owned directly by Polaris Venture Partners V, L.P. ("PVP V"). Polaris Venture Management Co. V, L.L.C. ("PVM V") is the general partner of PVP V. Each of Jonathan A. Flint ("Flint") and Terrance G. McGuire ("McGuire") are the managing members of PVM V and may be deemed to have shared voting and dispositive power over the shares held by PVP V. Each of PVM V, Flint and McGuire 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.
The reportable securities are owned directly by Polaris Venture Partners Entrepreneurs' Fund V, L.P. ("PVPE V"). PVM V is the general partner of PVPE V. Each of Flint and McGuire are the managing members of PVM V and may be deemed to have shared voting and dispositive power over the shares held by PVPE V. Each of PVM V, Flint and McGuire 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.
The reportable securities are owned directly by Polaris Venture Partners Special Founders' Fund V, L.P. ("PVPSFF V"). PVM V is the general partner of PVPSFF V. Each of Flint and McGuire are the managing members of PVM V and may be deemed to have shared voting and dispositive power over the shares held by PVPSFF V. Each of PVM V, Flint and McGuire 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.
The reportable securities are owned directly by Polaris Venture Partners Founders' Fund V, L.P. ("PVPFF V"). PVM V is the general partner of PVPFF V. Each of Flint and McGuire are the managing members of PVM V and may be deemed to have shared voting and dispositive power over the shares held by PVPFF V. Each of PVM V, Flint and McGuire 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.
On May 5, 2020, PVP V exercised a warrant to purchase 17,304 shares of the Issuer's common stock for $16.00 a share, which represents the Issuer's initial public offering price. In connection with the automatic net exercise of the warrant immediately prior to the closing of the Issuer's initial public offering, the Issuer withheld 9,334 of the warrant shares to pay the exercise price and issued the remaining warrant shares to PVP V. The Issuer also paid $10.48 to PVP V in lieu of a fractional share.
On May 5, 2020, PVPE V exercised a warrant to purchsae 337 shares of the Issuer's common stock for $16.00 a share, which represents the Issuer's initial public offering price. In connection with the automatic net exercise of the warrant immediately prior to the closing of the Issuer's initial public offering, the Issuer withheld 182 of the warrant shares to pay the exercise price and issued the remaining warrant shares to PVPE V. The Issuer also paid $3.69 to PVPE V in lieu of a fractional share.
On May 5, 2020, PVPSFF V exercised a warrant to purchase 173 shares of the Issuer's common stock for $16.00 a share, which represents the Issuer's initial public offering price. In connection with the automatic net exercise of the warrant immediately prior to the closing of the Issuer's initial public offering, the Issuer withheld 94 of the warrant shares to pay the exercise price and issued the remaining warrant shares to PVPSFF V. The Issuer also paid $11.01 to PVPSFF V in lieu of a fractional share.
On May 5, 2020, PVPFF V exercised a warrant to purchase 118 shares of the Issuer's common stock for $16.00 a share, which represents the Issuer's initial public offering price. In connection with the automatic net exercise of the warrant immediately prior to the closing of the Issuer's initial public offering, the Issuer withheld 64 of the warrant shares to pay the exercise price and issued the remaining warrant shares to PVPFF V. The Issuer also paid $5.66 to the PVPFF V in lieu of a fractional share.