4//SEC Filing
Custer Matthew Keith 4
Accession 0001437749-23-021372
CIK 0000768408other
Filed
Jul 31, 8:00 PM ET
Accepted
Aug 1, 3:09 PM ET
Size
8.5 KB
Accession
0001437749-23-021372
Insider Transaction Report
Form 4
CYANOTECH CORPCYAN
Custer Matthew Keith
DirectorPresident and CEO
Transactions
- Exercise/Conversion
Restricted Stock Units
2023-07-31−2,603→ 4,249 total→ Common Stock (2,603 underlying) - Tax Payment
Common Stock
2023-07-31$0.84/sh−978$822→ 3,331 total - Exercise/Conversion
Common Stock
2023-07-31+2,603→ 4,309 total
Footnotes (4)
- [F1]Represents the conversion upon vesting of restricted stock units into common stock.
- [F2]No stock was sold. On July 31, 2023, in connection with the vesting of 2,603 shares of stock, the Company withheld a total of 978 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 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.
Documents
Issuer
CYANOTECH CORP
CIK 0000768408
Entity typeother
Related Parties
1- filerCIK 0001789455
Filing Metadata
- Form type
- 4
- Filed
- Jul 31, 8:00 PM ET
- Accepted
- Aug 1, 3:09 PM ET
- Size
- 8.5 KB