Glenn Jensen - 08 Apr 2024 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
08 Apr 2024
Net transactions value
-$5.2
Form type
4
Filing time
10 Apr 2024, 18:35:52 UTC
Previous filing
27 Feb 2024
Next filing
31 Jul 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 +33 +0.14% $0.000000 22,823 08 Apr 2024 Direct F1
transaction CYAN Common Stock Tax liability $5.2 -13 -0.06% $0.4000 22,810 08 Apr 2024 Direct F2
holding CYAN Common Stock 17,210 08 Apr 2024 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 -33 -0.47% $0.000000 6,920 08 Apr 2024 Common Stock 33 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 April 8, 2024, in connection with the vesting of 33 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 1,641 shares on July 30, 2024; 3,570 shares on February 16, 2025; 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.