Glenn Jensen - 06 Apr 2022 Form 4 Insider Report for CYANOTECH CORP (CYAN)

Role: VP, Operations
Signature: /s/Laura L. Taylor, by Power of Attorney
Issuer symbol: CYAN
Transactions as of: 06 Apr 2022
Net transactions value: -$39.39
Form type: 4
Filing time: 08 Apr 2022, 15:38:13 UTC
Previous filing: 03 Aug 2021
Next filing: 02 Aug 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CYAN	Common Stock	Options Exercise	$0	+33	+0.18%	$0.000000	18,825	06 Apr 2022	Direct	F1
transaction	CYAN	Common Stock	Tax liability	$39.39	-13	-0.07%	$3.03	18,812	06 Apr 2022	Direct	F2
holding	CYAN	Common Stock						375	06 Apr 2022	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	-33	-2.8%	$0.000000	1,164	06 Apr 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 565 shares on July 30, 2022; 34 shares on April 6, 2023; and 565 shares on July 30, 2023, in each case subject to the reporting person's continued service with the Company on the vesting date.