Form 4: Surrozen Director Boosts Stake with 121,881 Share Purchase

TCG Crossover entities, a 10% owner and director of Surrozen, Inc., acquired 121,881 shares of common stock over two days in March 2026.

Summary

• TCG Crossover GP II, LLC, TCG Crossover Fund II, L.P., TCG Crossover GP III, LLC, and TCG Crossover Fund III, L.P., all reporting persons with a director and 10% owner relationship to Surrozen, Inc. (SRZN), reported acquisitions of common stock.
• On March 23, 2026, TCG Crossover Fund II, L.P. acquired 7,612 shares at $24.8999 per share, and TCG Crossover Fund III, L.P. acquired 7,611 shares at $24.8999 per share.
• On March 24, 2026, TCG Crossover Fund II, L.P. acquired 53,329 shares at $24.6931 per share, and TCG Crossover Fund III, L.P. acquired 53,329 shares at $24.6931 per share.
• These transactions were made pursuant to a Rule 10b5-1 plan.
• Following these transactions, TCG Crossover Fund II, L.P. beneficially owns 736,554 shares and TCG Crossover Fund III, L.P. beneficially owns 736,547 shares.

Sentiment

Score: 8

Explanation: StockSavvy.ai views this as a strong positive signal. Significant insider buying by a director and 10% owner suggests a high level of confidence in the company's future performance and intrinsic value.

Positives

• Significant insider buying by a 10% owner and director signals strong confidence in the company's future prospects.
• The acquisition of 121,881 shares across two days represents a notable increase in the reporting persons' stake in Surrozen, Inc.

Future Outlook

The filing does not contain any explicit forward-looking statements or guidance, as it is a report of past insider transactions.

Industry Context

StockSavvy.ai notes that insider buying, particularly by a significant shareholder and director, is often interpreted by the market as a positive signal, indicating that those closest to the company believe its shares are undervalued or expect positive developments. This can sometimes precede periods of outperformance relative to peers.

Comparison to Industry Standards

• Insider buying is generally viewed as a positive indicator across all industries, suggesting management's confidence in the company's future performance.
• While specific comparable companies or projects are not detailed in this Form 4, the aggregate purchase of over 120,000 shares by a 10% owner and director is a substantial vote of confidence, often outperforming the general market sentiment for similar-sized transactions.

Related Party Transactions

• The transactions involve TCG Crossover entities, which are related parties to Surrozen, Inc. through their status as a 10% owner and having a director on the board. These are open market purchases of common stock.

Stakeholder Impact

• Shareholders may view this insider buying as a positive sign, potentially increasing investor confidence and demand for the stock.
• Employees might interpret this as a sign of stability and positive future outlook for the company.

Key Dates

Recommendation

A seasoned investor or institution would view this significant insider buying by a 10% owner and director as a strong bullish signal. Such substantial purchases indicate deep conviction in the company's future prospects and suggest that the shares are currently undervalued, warranting a 'strong buy' recommendation.

Keywords

Surrozen, SRZN, Insider Buying, Form 4, Stock Acquisition, TCG Crossover, Director Purchase, 10% Owner