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Surrozen, Inc./DE [SRZN]

Reporting date: 02/11/2026

⚠️ Bullish Insider Buy Detected

📝 What Happened

  • Insider: TCG Crossover GP II, LLC
  • Role: 10% Owner
  • Company: Surrozen, Inc./DE (SRZN)
  • Transaction Date(s): 2026-02-11, 2026-02-12
  • Table I (Non-Derivative Securities)
    • Sale : 18,856
    • Average Sale Price: $23.59
    • Total Value: 18,856 * $23.59 ≈ $444,844.44
    • Post-Transaction Direct Holdings: 0
    • Indirect Holdings: 2,603,356
    • 10b5-1 Plan Used? No

📄 Summary

TCG Crossover GP II, LLC, 10% Owner at Surrozen, Inc./DE (SRZN), acquired 18,856 shares on Feb 11–12, 2026, at an average price of $23.59, for a total cost of about ~$444,844.44. After the transaction, they now hold 0 direct shares and 2,603,356 indirect shares. For retail traders, this is a bullish event: 10% owner adding a small stake, signaling modest confidence.

🔑 Interpretation

  • Type: Discretionary investment by a 10% owner (not compensation-related).
  • Disposition: Shares were acquired (purchases) and thus held, not sold immediately.
  • Size Context: The purchase of 18,856 shares is small relative to the combined indirect holdings (~2.6M shares), representing roughly a 0.7% increase—appears incremental rather than large profit-taking or divestiture.
  • ATH Metric: The trades occurred around ~$23.59 (weighted average). This price does not obviously coincide with an all-time high or low based on recent trading levels and appears not to be opportunistic around extreme historic prices.
  • Outlier Check: Not unusually large compared to the sizable existing stake; within expected incremental buy sizes for institutional/10% holders.

📊 Bullish or Bearish?

Bullish

Bullish. The filing shows net acquisitions (transaction code P / acquired) by a 10% owner, indicating added exposure rather than liquidation; the size is small relative to overall holdings and the filing is complete for the reported transactions. Cluster activity cannot be determined from this filing alone.

✅ Bottom Line (Retail Takeaway)

This transaction looks like a routine accumulation by a large shareholder rather than a negative signal. For retail traders, it’s largely noise — not a tradeable red flag by itself unless confirmed by coordinated selling from multiple insiders.