Custer Matthew Keith 4
4 · CYANOTECH CORP · Filed Aug 2, 2022
Insider Transaction Report
Form 4
CYANOTECH CORPCYAN
Custer Matthew Keith
DirectorPresident and CEO
Transactions
- Exercise/Conversion
Common Stock
2022-08-01+529→ 1,884 total - Tax Payment
Common Stock
2022-08-01$3.15/sh−199$627→ 1,685 total - Exercise/Conversion
Restricted Stock Units
2022-08-01−529→ 6,786 total→ Common Stock (529 underlying) - Award
Restricted Stock Units
2022-07-29+6,223→ 7,315 total→ Common Stock (6,223 underlying)
Footnotes (5)
- [F1]Represents the conversion upon vesting of restricted stock units into common stock.
- [F2]No stock was sold. On August 1, 2022, in connection with the vesting of 529 shares of stock, the Company withheld a total of 199 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 529 shares on July 30, 2022; 34 shares on April 6, 2023; 2,074 shares on July 29, 2023; 529 shares on July 30, 2023; 2,074 shares on July 29, 2024 and 2,075 shares on July 29, 2025, in each case subject to the reporting person's continued service with the Company on the vesting date.
- [F5]The restricted stock units vest as to 34 shares on April 6, 2023; 2,074 shares on July 29, 2023; 529 shares on July 30, 2023; 2,074 shares on July 29, 2024 and 2,075 shares on July 29, 2025, in each case subject to the reporting person's continued service with the Company on the vesting date.