Felicia I. Ladin - Apr 6, 2022 Form 4 Insider Report for CYANOTECH CORP (CYAN)

Role: CFO, VP Fin & Admin, Treasurer
Signature: /s/Laura L. Taylor, by Power of Attorney
Stock symbol: CYAN
Transactions as of: Apr 6, 2022
Transactions value $: -$39
Form type: 4
Date filed: 4/8/2022, 03:21 PM
Next filing: Aug 2, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CYAN	Common Stock	Options Exercise	$0	+33		$0.00	33	Apr 6, 2022	Direct	F1
transaction	CYAN	Common Stock	Tax liability	-$39	-13	-39.39%	$3.03	20	Apr 6, 2022	Direct	F2

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	-33	-49.25%	$0.00	34	Apr 6, 2022	Common Stock	33		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 April 6 2022, in connection with the vesting of 33 shares of stock, the Company withheld a total of 13 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 34 shares on April 6, 2023, subject to the reporting person's continued service with the Company on the vesting date.