Hartmann Charles Jason 4

4 · CYANOTECH CORP · Filed Apr 10, 2023

Form 4

Period: 2023-04-06

VP, Sales & Marketing

Transactions

Exercise/Conversion
Restricted Stock Units
2023-04-06−34→ 5,141 total
→ Common Stock (34 underlying)
Award
Restricted Stock Units
2023-04-06+100→ 5,175 total
→ Common Stock (100 underlying)
Exercise/Conversion
Common Stock
2023-04-06+34→ 53 total
Tax Payment
Common Stock
2023-04-06$0.94/sh−14$13→ 39 total

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 14 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; 1,680 shares on July 29, 2023; 33 shares on April 6, 2024; 1,680 shares on July 29, 2024; 33 shares on April 6, 2025; 1,681 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 1,680 shares on July 29, 2023; 33 shares on April 6, 2024; 1,680 shares on July 29, 2024; 33 shares on April 6, 2025; 1,681 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.

Documents

1 file