Glenn Jensen - Jul 29, 2022 Form 4 Insider Report for CYANOTECH CORP (CYAN)

Role
VP, Operations
Signature
/s/Laura L. Taylor, by Power of Attorney
Stock symbol
CYAN
Transactions as of
Jul 29, 2022
Transactions value $
-$671
Form type
4
Date filed
8/2/2022, 03:56 PM
Previous filing
Apr 8, 2022
Next filing
Apr 10, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CYAN Common Stock Options Exercise $0 +565 +3% $0.00 19.4K Aug 1, 2022 Direct F1
transaction CYAN Common Stock Tax liability -$671 -213 -1.1% $3.15 19.2K Aug 1, 2022 Direct F2
holding CYAN Common Stock 375 Jul 29, 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 +4.92K +423.02% $0.00 6.09K Jul 29, 2022 Common Stock 4.92K Direct F3, F4
transaction CYAN Restricted Stock Units Options Exercise $0 -565 -9.28% $0.00 5.52K Aug 1, 2022 Common Stock 565 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 565 shares of stock, the Company withheld a total of 213 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; 1,641 shares on July 29, 2023; 565 shares on July 30, 2023; 1,641 shares on July 30, 2024; and 1,642 shares on July 30, 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; 1,641 shares on July 29, 2023; 565 shares on July 30, 2023; 1,641 shares on July 30, 2024; and 1,642 shares on July 30, 2025, in each case subject to the reporting person's continued service with the Company on the vesting date.