---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-009946"
form_type: "8-K"
ticker: "TNYA"
cik: "0001858848"
company_name: "Tenaya Therapeutics, Inc."
filed_at: "2025-01-28T23:59:59+00:00"
generated_at: "2026-05-27T08:30:19.844497+00:00"
event_type: "other"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Tenaya Therapeutics reprices underwater employee stock options to $1.21 per share

## Summary
- Repriced ~4.1M shares of underwater options with original exercise prices $3.06-$21.01 to $1.21 per share.
- CMO Whit Tingley's options for 630,982 shares repriced from $3.06-$15.19 to $1.21.
- Early exercise requires paying original higher exercise price until Retention Goal (July 24, 2025 or Change in Control).
- No change to expiration dates, vesting criteria, or share count; total eligible options cover 4,133,517 shares.
- Repricing designed to retain employees without dilutive new grants or cash compensation.

## SEC filing metadata
- accession: 0000950170-25-009946
- form_type: 8-K
- ticker: TNYA
- cik: 0001858848
- company_name: Tenaya Therapeutics, Inc.
- filed_at: 2025-01-28T23:59:59+00:00
- event_type: other
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1858848/000095017025009946/0000950170-25-009946-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1858848/000095017025009946/tnya-20250124.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-009946
- JSON: https://secwatch.observer/filing/0000950170-25-009946.json
- Plain text: https://secwatch.observer/filing/0000950170-25-009946.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.