Glenn Jensen - Apr 8, 2024 Form 4 Insider Report for CYANOTECH CORP (CYAN)

Role
VP, Operations
Signature
/s/Laura L. Taylor, by Power of Attorney
Stock symbol
CYAN
Transactions as of
Apr 8, 2024
Transactions value $
-$5
Form type
4
Date filed
4/10/2024, 06:35 PM
Previous filing
Feb 27, 2024
Next filing
Jul 31, 2024

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% $0.00 22.8K Apr 8, 2024 Direct F1
transaction CYAN Common Stock Tax liability -$5 -13 -0.06% $0.40 22.8K Apr 8, 2024 Direct F2
holding CYAN Common Stock 17.2K Apr 8, 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% $0.00 6.92K Apr 8, 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.