Gerald R. Cysewski - 29 Jul 2022 Form 4 Insider Report for CYANOTECH CORP (CYAN)

Role
Chief Scientific Officer
Signature
/s/Laura L. Taylor, by Power of Attorney
Issuer symbol
CYAN
Transactions as of
29 Jul 2022
Net transactions value
-$791
Form type
4
Filing time
02 Aug 2022, 15:53:58 UTC
Previous filing
08 Apr 2022
Next filing
10 Apr 2023
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 +666 +0.48% $0.000000 138,647 01 Aug 2022 Direct F1
transaction CYAN Common Stock Tax liability $791 -251 -0.18% $3.15 138,396 01 Aug 2022 Direct F2
holding CYAN Common Stock 250 29 Jul 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 Award $0 +4,729 +346% $0.000000 6,096 29 Jul 2022 Common Stock 4,729 Direct F3, F4
transaction CYAN Restricted Stock Units Options Exercise $0 -666 -11% $0.000000 5,430 01 Aug 2022 Common Stock 666 Direct F3, F5
* 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 August 1, 2022, 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 666 shares on July 30, 2022; 34 shares on April 6, 2023; 1,576 shares on July 29, 2023; 667 shares on July 30, 2023; 1,576 shares on July 29, 2024; and 1,577 shares on July 29, 2025, in each case subject to the reporting person's continued service with the Company on the vesting date.
F5 The restricted stock units vest as to 34 shares on April 6, 2023; 1,576 shares on July 29, 2023; 667 shares on July 30, 2023; 1,576 shares on July 29, 2024; and 1,577 shares on July 29, 2025, in each case subject to the reporting person's continued service with the Company on the vesting date.