Gerald R. Cysewski - Jul 30, 2021 Form 4 Insider Report for CYANOTECH CORP (CYAN)

Role: CEO, Director
Signature: /s/Laura L. Taylor, by Power of Attorney
Stock symbol: CYAN
Transactions as of: Jul 30, 2021
Transactions value $: -$768
Form type: 4
Date filed: 8/3/2021, 06:41 PM
Previous filing: Jul 15, 2021
Next filing: Apr 8, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CYAN	Common Stock	Options Exercise	$0	+666	+0.48%	$0.00	138K	Jul 30, 2021	Direct	F1
transaction	CYAN	Common Stock	Tax liability	-$768	-251	-0.18%	$3.06	138K	Jul 30, 2021	Direct	F2
holding	CYAN	Common Stock						250	Jul 30, 2021	Held by spouse

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	-666	-32.24%	$0.00	1.4K	Jul 30, 2021	Common Stock	666		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 30, 2021, in connection with the vesting of 666 shares of stock, the Company withheld a total of 251 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 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.