Custer Matthew Keith 4
4 · CYANOTECH CORP · Filed Apr 10, 2023
Insider Transaction Report
Form 4
CYANOTECH CORPCYAN
Custer Matthew Keith
DirectorPresident and CEO
Transactions
- Tax Payment
Common Stock
2023-04-06$0.94/sh−13$12→ 1,706 total - Award
Restricted Stock Units
2023-04-06+100→ 6,886 total→ Common Stock (100 underlying) - Exercise/Conversion
Common Stock
2023-04-06+34→ 1,719 total - Exercise/Conversion
Restricted Stock Units
2023-04-06−34→ 6,852 total→ Common Stock (34 underlying)
Footnotes (5)
- [F1]Represents the conversion upon vesting of restricted stock units into common stock.
- [F2]No stock was sold. On April 6, 2023, in connection with the vesting of 34 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 34 shares on April 6, 2023; 2,074 shares on July 29, 2023; 529 shares on July 30, 2023; 33 shares on April 6, 2024; 2,074 shares on July 29, 2024; 33 shares on April 6, 2025; 2,075 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.
- [F5]The restricted stock units vest as to 2,074 shares on July 29, 2023; 529 shares on July 30, 2023; 33 shares on April 6, 2024; 2,074 shares on July 29, 2024; 33 shares on April 6, 20225; 2,075 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.