Michael A. /. Davis - Oct 13, 2023 Form 4 Insider Report for CYANOTECH CORP (CYAN)

Role
Director, 10%+ Owner
Signature
/s/Laura L. Taylor, by Power of Attorney
Stock symbol
CYAN
Transactions as of
Oct 13, 2023
Transactions value $
$0
Form type
4
Date filed
10/17/2023, 01:28 PM
Previous filing
Sep 18, 2023
Next filing
Dec 4, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CYAN Cyanotech Corporation Common Stock Award $0 +12.8K +2.16% $0.00 607K Oct 13, 2023 By self as trustee of the Michael Arlen Davis Revocable Trust F1
holding CYAN Cyanotech Corporation Common Stock 12.1K Oct 13, 2023 Direct
holding CYAN Cyanotech Corporation Common Stock 31.3K Oct 13, 2023 By Spouse
holding CYAN Cyanotech Corporation Common Stock 150K Oct 13, 2023 By self as co-trustee for the Nyracai Davis Irr. Trust and the Nettizanne J. Davis Irr. Trust
holding CYAN Cyanotech Corporation Common Stock 58K Oct 13, 2023 By self as trustee for Nettizanne Johnstone Davis GST Exempt Trust
holding CYAN Cyanotech Corporation Common Stock 58.8K Oct 13, 2023 By self as trustee for Nyracai Johnstone Davis GST Exempt Trust
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 To reduce the Company's ongoing cash expense, the Nominating and Corporate Governance Committee of the Board of Directors adopted a resolution allowing each director to elect to receive his or her quarterly director fees in the form of restricted stock in lieu of cash. The Reporting Person elected to receive shares of restricted stock in lieu of cash for the second fiscal quarter of 2024.