Jennifer M. Johansen - Jul 29, 2024 Form 4 Insider Report for CYANOTECH CORP (CYAN)

Role
VP, Quality, Regulatory & Govt
Signature
/s/Laura L. Taylor, by Power of Attorney
Stock symbol
CYAN
Transactions as of
Jul 29, 2024
Transactions value $
-$290
Form type
4
Date filed
7/31/2024, 04:29 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 +1.38K +22.98% $0.00 7.38K Jul 29, 2024 Direct F1
transaction CYAN Common Stock Tax liability -$290 -518 -7.02% $0.56* 6.86K Jul 29, 2024 Direct F2

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 -1.38K -22.88% $0.00 4.65K Jul 29, 2024 Common Stock 1.38K 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 1379 shares of stock, the Company withheld a total of 518 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 3,200 shares on February 16, 2025; 33 shares on April 6, 2025; 1,380 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.