Johansen Jennifer M. 4
4 · CYANOTECH CORP · Filed Feb 21, 2024
Insider Transaction Report
Form 4
CYANOTECH CORPCYAN
Johansen Jennifer M.
VP, Quality, Regulatory & Govt
Transactions
- Tax Payment
Common Stock
2024-02-16$0.44/sh−1,202$529→ 5,981 total - Exercise/Conversion
Restricted Stock Units
2024-02-16−3,200→ 6,059 total→ Common Stock (3,200 underlying) - Exercise/Conversion
Common Stock
2024-02-16+3,200→ 7,183 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 3,200 shares of stock, the Company withheld a total of 1,202 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; 1,379 shares on July 30, 2024; 3,200 shares on February 16, 2025; 33 shares on April 6, 2025; 1,380 shares on July 30, 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.