Glenn Jensen - 31 Jul 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
31 Jul 2023
Net transactions value
-$697
Form type
4
Filing time
01 Aug 2023, 15:17:02 UTC
Previous filing
10 Apr 2023
Next filing
21 Feb 2024
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 +2,206 +11% $0.000000 21,391 31 Jul 2023 Direct F1
transaction CYAN Common Stock Tax liability $697 -830 -3.9% $0.8400 20,561 31 Jul 2023 Direct F2
holding CYAN Common Stock 375 31 Jul 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 Options Exercise $0 -2,206 -39% $0.000000 3,383 31 Jul 2023 Common Stock 2,206 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 July 31, 2023, in connection with the vesting of 2,206 shares of stock, the Company withheld a total of 830 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 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.