Custer Matthew Keith 4
4 · CYANOTECH CORP · Filed Aug 1, 2023
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.