Matthew Keith Custer - Jul 13, 2021 Form 4 Insider Report for CYANOTECH CORP (CYAN)

Role
President
Signature
/s/Laura L. Taylor, by Power of Attorney
Stock symbol
CYAN
Transactions as of
Jul 13, 2021
Transactions value $
$0
Form type
4
Date filed
7/15/2021, 09:18 PM
Previous filing
May 25, 2021
Next filing
Aug 3, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CYAN Common Stock Options Exercise $0 +254 +46.1% $0.00 805 Jul 13, 2021 Direct F1

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 -254 -13.31% $0.00 1.66K Jul 13, 2021 Common Stock 254 Direct F2, F3
* 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 Each restricted stock unit represents the contingent right to receive one (1) share of Cyanotech Common Stock.
F3 The restricted stock units shall vest as to 530 shares on July 30, 2021; 33 shares on April 6, 2022; 529 shares on July 30, 2022; 34 shares on April 6, 2023; and 529 shares on July 30, 2023, in each case subject to the reporting person's continued service with the Company on the vesting date.