secwatch.observer — SEC 8-K summary
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Issuer:     Tenaya Therapeutics, Inc. (TNYA)
CIK:        0001858848
Form:       8-K
Filed at:   2025-01-28T23:59:59+00:00
Accession:  0000950170-25-009946
Event type: other
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1858848/000095017025009946/0000950170-25-009946-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1858848/000095017025009946/tnya-20250124.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-009946

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