Column Group funds trim Tenaya (TNYA) stake with 4.17M-share sale
Rhea-AI Filing Summary
Tenaya Therapeutics’ major shareholder entities affiliated with The Column Group reported significant open‑market sales of common stock. Investment funds including The Column Group III, LP and related Opportunity funds sold a combined 4,170,266 shares of Tenaya common stock in indirect transactions.
The sales occurred on February 24 and 25 at weighted average prices of $0.6153 and $0.5624 per share, across multiple trades within disclosed price ranges. A related holding entry shows 49,313,559 shares of common stock held indirectly as of February 24, which reflects a large investment position by these affiliated funds.
Positive
- None.
Negative
- None.
Insights
Column Group funds disclosed a large indirect net sale of Tenaya shares.
Affiliated investment funds of The Column Group, identified as ten percent owners, reported net open‑market sales of 4,170,266 shares of Tenaya Therapeutics common stock. All reported positions are indirect, held through limited partnerships and general partner entities described in the footnotes.
The filing details weighted‑average sale prices around $0.6153 and $0.5624 per share over multiple trades on February 24 and February 25. Footnotes state that various general partner and managing partner entities may be deemed to share voting and investment power but disclaim beneficial ownership beyond their pecuniary interests.
A separate holding line shows 49,313,559 shares of common stock held indirectly as of February 24, indicating that, despite the reported net sales, affiliated Column Group funds remain substantial holders. The overall impact depends on how this change fits within total shares outstanding and any future ownership updates in subsequent company filings.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 1,649,281 | $0.5624 | $928K |
| Sale | Common Stock | 1,862,545 | $0.5624 | $1.05M |
| Sale | Common Stock | 309,228 | $0.6153 | $190K |
| Sale | Common Stock | 349,212 | $0.6153 | $215K |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $0.584 to $0.6392, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote to this Form 4. The securities are directly held by The Column Group III, LP ("TCG III LP"). TCG III GP is the general partner of TCG III LP and may be deemed to have voting, investment and dispositive power with respect to these securities. The managing partners of TCG III GP are Peter Svennilson and Tim Kutzkey (together, the "Managing Partners"). The Managing Partners may be deemed to share voting, investment and dispositive power with respect to such shares. TCG III GP and each of the Managing Partners disclaim beneficial ownership of these shares, except to the extent of their respective pecuniary interest in such shares. The securities are directly held by The Column Group III-A, LP ("TCG III-A LP"). TCG III GP is the general partner of TCG III-A LP and may be deemed to have voting, investment and dispositive power with respect to these securities. The managing partners of TCG III GP are the Managing Partners. The Managing Partners may be deemed to share voting, investment and dispositive power with respect to such shares. TCG III GP and each of the Managing Partners disclaim beneficial ownership of these shares, except to the extent of their respective pecuniary interest in such shares. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $0.55 to $0.641, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote to this Form 4. The securities are directly held by TCG Opportunity III LP. The Column Group Opportunity III GP, LP ("TCG Opportunity III GP LP") is the general partner of TCG Opportunity III LP and may be deemed to have voting, investment and dispositive power with respect to these securities. TCG Opportunity III GP, LLC ("TCG Opportunity III GP LLC") is the general partner of TCG Opportunity III GP LP and the ultimate general partner of TCG Opportunity III LP and may be deemed to have voting, investment and dispositive power with respect to these securities. The managing members of TCG Opportunity III GP LLC are the Managing Partners. The Managing Partners may be deemed to share voting, investment and dispositive power with respect to such securities. TCG Opportunity III GP LP, TCG Opportunity III GP LLC and each of the Managing Partners disclaim beneficial ownership of these securities, except to the extent of their respective pecuniary interest in such securities.
