Jensen Glenn 4
4 · CYANOTECH CORP · Filed Feb 21, 2024
Insider Transaction Report
Form 4
CYANOTECH CORPCYAN
Jensen Glenn
VP-Operations
Transactions
- Exercise/Conversion
Common Stock
2024-02-16+3,570→ 24,131 total - Tax Payment
Common Stock
2024-02-16$0.44/sh−1,341$590→ 22,790 total - Exercise/Conversion
Restricted Stock Units
2024-02-16−3,570→ 6,953 total→ Common Stock (3,570 underlying)
Holdings
- 375(indirect: By Spouse)
Common Stock
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 3,570 shares of stock, the Company withheld a total of 1,341 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; 1,641 shares on July 30, 2024; 3,570 shares on February 16, 2025; 33 shares on April 6, 2025; 1,642 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.