Glenn Jensen - 29 Jul 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
29 Jul 2024
Net transactions value
-$345
Form type
4
Filing time
31 Jul 2024, 16:21:51 UTC
Previous filing
10 Apr 2024
Next filing
20 Feb 2025
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 +1,641 +7.2% $0.000000 24,451 29 Jul 2024 Direct F1
transaction CYAN Common Stock Tax liability $345 -616 -2.5% $0.5600* 23,835 29 Jul 2024 Direct F2
holding CYAN Common Stock 17,210 29 Jul 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 -1,641 -24% $0.000000 5,279 29 Jul 2024 Common Stock 1,641 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 1641 shares of stock, the Company withheld a total of 616 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 3,570 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.