Gerald R. Cysewski - Jul 13, 2021 Form 4 Insider Report for CYANOTECH CORP (CYAN)

Signature
/s/Laura L. Taylor, by Power of Attorney
Stock symbol
CYAN
Transactions as of
Jul 13, 2021
Transactions value $
-$828
Form type
4
Date filed
7/15/2021, 09:02 PM
Next filing
Aug 3, 2021

Transactions Table

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction CYAN Restricted Stock Units Options Exercise $0 -736 -26.27% $0.00 2.07K Jul 13, 2021 Common Stock 736 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the conversion upon vesting of restricted stock units into common stock.
F2 No stock was sold. On July 13, 2021, in connection with the vesting of 736 shares of stock, the Company withheld a total of 277 shares to satisfy a payroll tax liability incident to such vesting.
F3 Each restricted stock unit represents the contingent right to receive one (1) share of Cyanotech Common Stock.
F4 The restricted stock units vest as to 666 shares on July 30, 2021; 33 shares on April 6, 2022; 666 shares on July 30, 2022; 34 shares on April 6, 2023; and 667 shares on July 30, 2023, in each case subject to the reporting person's continued service with the Company on the vesting date.