Jennifer M. Johansen - Jul 31, 2023 Form 4 Insider Report for CYANOTECH CORP (CYAN)

Role
VP, Quality, Regulatory & Govt
Signature
/s/Laura L. Taylor, by Power of Attorney
Stock symbol
CYAN
Transactions as of
Jul 31, 2023
Transactions value $
-$593
Form type
4
Date filed
8/1/2023, 03:21 PM
Previous filing
Apr 10, 2023
Next filing
Feb 21, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CYAN Common Stock Options Exercise $0 +1.88K +66.75% $0.00 4.69K Jul 31, 2023 Direct F1
transaction CYAN Common Stock Tax liability -$593 -706 -15.06% $0.84 3.98K Jul 31, 2023 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 -1.88K -39.63% $0.00 2.86K Jul 31, 2023 Common Stock 1.88K 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 1,877 shares of stock, the Company withheld a total of 706 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; 1,379 shares on July 30, 2024; 33 shares on April 6, 2025; 1,380 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.