Jensen Glenn 4
4 · CYANOTECH CORP · Filed Jul 31, 2024
Insider Transaction Report
Form 4
CYANOTECH CORPCYAN
Jensen Glenn
VP-Operations
Transactions
- Exercise/Conversion
Restricted Stock Units
2024-07-29−1,641→ 5,279 total→ Common Stock (1,641 underlying) - Tax Payment
Common Stock
2024-07-29$0.56/sh−616$345→ 23,835 total - Exercise/Conversion
Common Stock
2024-07-29+1,641→ 24,451 total
Holdings
- 17,210(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 July 29, 2024, in connection with the vesting of 1641 shares of stock, the Company withheld a total of 616 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 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.