MICHAEL A. /. DAVIS - 13 Oct 2023 Form 4 Insider Report for CYANOTECH CORP (CYAN)

Role
Director, 10%+ Owner
Signature
/s/Laura L. Taylor, by Power of Attorney
Issuer symbol
CYAN
Transactions as of
13 Oct 2023
Net transactions value
$0
Form type
4
Filing time
17 Oct 2023, 13:28:32 UTC
Previous filing
18 Sep 2023
Next filing
04 Dec 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CYAN Cyanotech Corporation Common Stock Award $0 +12,821 +2.2% $0.000000 607,281 13 Oct 2023 By self as trustee of the Michael Arlen Davis Revocable Trust F1
holding CYAN Cyanotech Corporation Common Stock 12,119 13 Oct 2023 Direct
holding CYAN Cyanotech Corporation Common Stock 31,250 13 Oct 2023 By Spouse
holding CYAN Cyanotech Corporation Common Stock 150,000 13 Oct 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 58,000 13 Oct 2023 By self as trustee for Nettizanne Johnstone Davis GST Exempt Trust
holding CYAN Cyanotech Corporation Common Stock 58,789 13 Oct 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.