Custer Matthew Keith 4
4 · CYANOTECH CORP · Filed Jul 31, 2024
Insider Transaction Report
Form 4
CYANOTECH CORPCYAN
Custer Matthew Keith
DirectorPresident and CEO
Transactions
- Tax Payment
Common Stock
2024-07-29$0.56/sh−779$436→ 4,646 total - Exercise/Conversion
Restricted Stock Units
2024-07-29−2,074→ 2,142 total→ Common Stock (2,074 underlying) - Exercise/Conversion
Common Stock
2024-07-29+2,074→ 5,425 total
Footnotes (4)
- [F1]Represents the conversion upon vesting of restricted stock units into common stock.
- [F2]No stock was sold. On July 29, 2024, in connection with the vesting of 2074 shares of stock, the Company withheld a total of 779 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, 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.