CEO Harris Todd sells 62,720 shares for $1.7M across three days as TYRA stock near 52-week high; company unprofitable with -$18.7M annual net income
Harris Todd, President and CEO of Tyra Biosciences, executed 3 separate sales totaling 62,720 shares (62.7K shares) for $1,711,247.19 ($1.7M) at a blended average price of $27.28 between October 16–21, 2024. The stock is currently at $28.16, only -0.7% from its 52-week high of $28.37, and has appreciated 15.6% over the prior 30 days and 34.2% over 90 days. Todd's post-transaction holdings of 1,355,927 shares (1.36M shares) represent a -4.4% reduction from his prior position of 1,418,647 shares (1.42M shares). Against this backdrop of strong recent price momentum near all-time highs, the company reported a full fiscal year net income of -$18,702,000.00 ($-18.7M), making it unprofitable. The timing of the sales at price levels near the 52-week high, combined with the company's negative earnings, presents a material signal that investors should monitor, particularly regarding whether this pattern continues or extends.