Gerald R. Cysewski - Jul 29, 2024 Form 4 Insider Report for CYANOTECH CORP (CYAN)

Role: Chief Scientific Officer
Signature: /s/Laura L. Taylor, by Power of Attorney
Stock symbol: CYAN
Transactions as of: Jul 29, 2024
Transactions value $: -$332
Form type: 4
Date filed: 7/31/2024, 04:04 PM
Previous filing: Apr 10, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CYAN	Common Stock	Options Exercise	$0	+1.58K	+1.11%	$0.00	144K	Jul 29, 2024	Direct	F1
transaction	CYAN	Common Stock	Tax liability	-$332	-592	-0.41%	$0.56^*	143K	Jul 29, 2024	Direct	F2
holding	CYAN	Common Stock						250	Jul 29, 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	-1.58K	-22.13%	$0.00	5.54K	Jul 29, 2024	Common Stock	1.58K		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 29, 2024, in connection with the vesting of 1576 shares of stock, the Company withheld a total of 592 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 3,900 shares on February 16, 2025; 33 shares on April 6, 2025; 1,577 shares on July 29, 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.