Glenn Jensen - 06 Apr 2023 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 2023
Net transactions value
-$12.22
Form type
4
Filing time
10 Apr 2023, 14:59:38 UTC
Previous filing
02 Aug 2022
Next filing
01 Aug 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 +34 +0.18% $0.000000 19,198 06 Apr 2023 Direct F1
transaction CYAN Common Stock Tax liability $12.22 -13 -0.07% $0.9400 19,185 06 Apr 2023 Direct F2
holding CYAN Common Stock 375 06 Apr 2023 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 +100 +1.8% $0.000000 5,623 06 Apr 2023 Common Stock 100 Direct F3, F4
transaction CYAN Restricted Stock Units Options Exercise $0 -34 -0.6% $0.000000 5,589 06 Apr 2023 Common Stock 34 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 April 6, 2023, in connection with the vesting of 34 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; 1,641 shares on July 29, 2023; 565 shares on July 30, 2023; 33 shares on April 6, 2024; 1,641 shares on July 30, 2024; 33 shares on April 6, 2025; 1,642 shares on July 30, 2025, and 34 shares on April 6, 2026, 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 1,641 shares on July 29, 2023; 565 shares on July 30, 2023; 33 shares on April 6, 2024; 1,641 shares on July 30, 2024; 33 shares on April 6, 2025; 1,642 shares on July 30, 2025; and 34 shares on April 6, 2026, in each case subject to the reporting person's continued service with the Company on the vesting date.