Hartmann Charles Jason 4
4 · CYANOTECH CORP · Filed Feb 21, 2024
Insider Transaction Report
Form 4
CYANOTECH CORPCYAN
Hartmann Charles Jason
VP, Sales & Marketing
Transactions
- Exercise/Conversion
Restricted Stock Units
2024-02-16−3,900→ 7,361 total→ Common Stock (3,900 underlying) - Exercise/Conversion
Common Stock
2024-02-16+3,900→ 4,949 total - Tax Payment
Common Stock
2024-02-16$0.44/sh−1,556$685→ 3,393 total
Footnotes (4)
- [F1]Represents the conversion upon vesting of restricted stock units into common stock.
- [F2]No stock was sold. On February 16, 2024, in connection with the vesting of 3,900 shares of stock, the Company withheld a total of 1,556 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; 1,680 shares on July 29, 2024; 3,900 shares on February 16, 2025; 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.