TCG Crossover Fund II, L.P. 4

What Happened

• TCG Crossover GP II, LLC (reported as a 10% owner) purchased a total of 121,881 shares of Surrozen, Inc. (SRZN) across trades on March 23–24, 2026. The purchases were: 7,612 shares @ $24.90 ($189,538) and 7,611 shares @ $24.90 ($189,513) on Mar 23; and 53,329 shares @ $24.69 ($1,316,858) twice on Mar 24. The combined purchase value is approximately $3,012,767. These were purchases (code P), which are generally taken as a bullish signal (institutional accumulation), not sales.

Key Details

• Transaction dates & prices: Mar 23, 2026 — 7,612 @ $24.90 and 7,611 @ $24.90; Mar 24, 2026 — 53,329 @ $24.69 and 53,329 @ $24.69.
• Total acquired: 121,881 shares for ~ $3,012,767.
• Shares owned after transaction: Not specified in the filing excerpt provided.
• Footnotes: Some securities are held of record by TCG Crossover Fund II, L.P. and TCG Crossover Fund III, L.P.; TCG Crossover GP II and GP III are general partners, and Chen Yu is the sole managing member of the GPs and may be deemed to share voting, investment, and dispositive power.
• Timeliness: Filing dated Mar 25, 2026 for transactions on Mar 23–24, 2026 — appears timely (Form 4 is generally due within two business days).

Context

• This report is from a 10% institutional owner (through fund/G.P. structures), not an individual executive — institutional purchases can indicate portfolio/macro decisions rather than personal trading. The transactions were open-market/private purchase entries (P), meaning shares were acquired rather than received as awards or via option exercise.