Custer Matthew Keith 4
4 · CYANOTECH CORP · Filed Apr 10, 2024
Insider Transaction Report
Form 4
CYANOTECH CORPCYAN
Custer Matthew Keith
DirectorPresident and CEO
Transactions
- Tax Payment
Common Stock
2024-04-08$0.40/sh−13$5→ 3,351 total - Exercise/Conversion
Common Stock
2024-04-08+33→ 3,364 total - Exercise/Conversion
Restricted Stock Units
2024-04-08−33→ 4,216 total→ Common Stock (33 underlying)
Footnotes (4)
- [F1]Represents the conversion upon vesting of restricted stock units into common stock.
- [F2]No stock was sold. On April 8, 2024, in connection with the vesting of 33 shares of stock, the Company withheld a total of 13 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 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.