Jensen Glenn 4
4 · CYANOTECH CORP · Filed Feb 20, 2025
Insider Transaction Report
Form 4
CYANOTECH CORPCYAN
Jensen Glenn
VP-Operations
Transactions
- Exercise/Conversion
Common Stock
2025-02-18+3,570→ 27,405 total - Tax Payment
Common Stock
2025-02-18$0.40/sh−1,340$536→ 26,065 total - Exercise/Conversion
Restricted Stock Units
2025-02-18−3,570→ 1,709 total→ Common Stock (3,570 underlying)
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 February 18, 2025, in connection with the vesting of 3570 shares of stock, the Company withheld a total of 1,340 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; 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.