Matthew Keith Custer - Apr 6, 2022 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
Apr 6, 2022
Transactions value $
-$39
Form type
4
Date filed
4/8/2022, 03:44 PM
Previous filing
Aug 3, 2021
Next filing
Jun 22, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CYAN Common Stock Options Exercise $0 +33 +2.47% $0.00 1.37K Apr 6, 2022 Direct F1
transaction CYAN Common Stock Tax liability -$39 -13 -0.95% $3.03 1.36K 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 -2.93% $0.00 1.09K 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 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.