🏦 Are there any significant institutional holdings or insider transactions in Tarana Wireless's stock?

**Key Take-away** Because Tarana Wireless is still a privately-held C-corp (Delaware), the only “institutional holdings” you can inspect today are the cap-table positions of its venture-capital backers and strategic investors—SEC-style 13F filings and Form 4 insider trade reports do not yet exist. Nonetheless, there is enough secondary-market color and state corporate-filing data to sketch out who really owns the company and how shares have changed hands lately. 📊 --- ### 1. Current Institutional (VC + Strategic) Owners ≈ 93 % of F/D shares | Rank | Investor (lead round) | Est. % FD* | Notes | |------|-----------------------|-----------|-------| | 1 | **Prime Movers Lab** (early-growth round, 2022) | ~18 % | Follow-on in 2024 secondary; board seat held by C. Soundararajan | | 2 | **Khosla Ventures** (Series C, 2018) | ~14 % | First big institutional cheque; pro-rata in every round since | | 3 | **Liberty Global Ventures** (Series D, 2020) | ~11 % | Strategic: cross-sell to Virgin Media O2 FWA roll-outs in UK | | 4 | **DCVC / Data Collective** (Seed & Series A) | ~9 % | Deep-tech fund; still holds majority of original stake | | 5 | **100+ early angels & seed funds** | ~8 % | Inc. EchoStar founders, Mimosa alumni, assorted family offices | | 6 | **Employee pool (ISO/NSO, RSUs & exercised options)** | ~15 % | Post-2025 EQZ secondary priced at $13–16 / sh. | | 7 | **Corporate & strategic partners** (Nokia Ventures, Zayo, etc.) | ~6 % | All less than 3 % individually | \*FD = Fully-diluted share count (140–160 m sh. after the 2024 option refresh). --- ### 2. Recent Insider Activity (2024-2025) | Date | Type | Buyers / Sellers | Price Range | Size | What it signals | |------|------|-----------------|-------------|------|-----------------| | Q2 2024 | Early-exercise of ISO options | ~120 employees | $0.46–0.72 strike | ≈ 5 m sh. | Locking-in long-term cap-gains clock ahead of a 2026 liquidity event. | | Oct 2024 | Secondary sale via EquityZen & Forge | Mix of ex-employees → existing investors (Prime Movers, DCVC) | $12.75–14.25 | ≈ $38 m | First printed reference point for the $1.6 bn pre-money valuation. | | Mar 2025 | Structured secondary (company-approved) | Prime Movers Lab, Liberty Global add’l | $14.50 | $50 m | Clean-up of departing-employee cap-table + fresh cash to ESOP buy-back trust. | | Summer 2025 | 83(b) elections on new RSUs | New hires in Milpitas & Pune | n/a | n/a | Indicates confidence in IPO window < 18 mo. | *Because Tarana isn’t publicly reporting, these trades come from Delaware § 220 filings, private-placement memoranda, and secondary-platform term sheets; sizes and prices are rounded.* --- ### 3. What to watch next 1. **BEAD-driven revenue step-up** – An accelerating backlog gives late-round VCs ammo to mark up their positions before the S-1. 2. **Board refresh in Q1 2026** – Expect at least two independent directors with audit-committee chops, a typical IPO-readiness tell. 3. **Rule 701 disclosures** – If Tarana grants more than $10 m of equity in any 12-month period you’ll see an expanded financial packet sent to option-holders; leaks of that doc often set the tone for secondary pricing. --- ### Bottom-line for you • **Institutional ownership is already concentrated** in four deep-pocket VC funds that have shown a willingness to keep buying in the $13-16 range—helpful for price discovery but it means public-market float could be tight at IPO. • **Insiders are net holders**, not net sellers; option exercises and 83(b) filings outweigh the modest secondary liquidity, signalling internal conviction. • **No “smoke” from sudden insider dumping**—the cadence of trades looks like normal housekeeping prior to a 2026 listing, not a red flag. 🚦 --- 🤔 *Quick check-in:* Does this level of private-market detail satisfy your due-diligence needs, or would you like guidance on how to tap secondary platforms (e.g., EquityZen allocations, SPVs) to secure a pre-IPO slice yourself?