Custer Matthew Keith 4
4 · CYANOTECH CORP · Filed Jun 18, 2025
Insider Transaction Report
Form 4
CYANOTECH CORPCYAN
Custer Matthew Keith
DirectorPresident and CEO
Transactions
- Award
Cyanotech common stock options
2025-06-16+150,000→ 150,000 totalExercise: $0.39Exp: 2035-06-16→ Cyanotech common stock (150,000 underlying) - Award
Restricted Stock Units
2025-06-16+64,103→ 4,679 total→ Common Stock (64,103 underlying)
Footnotes (3)
- [F1]The stock options shall vest as to 50,000 shares on June 16, 2026, 50,000 on June 16, 2027 and 50,000 on June 16, 2028, in each case subject to continued service with Cyanotech on the vesting date.
- [F2]Each restricted stock unit represents the contingent right to receive one (1) share of Cyanotech Common Stock.
- [F3]The restricted stock units vest as to 21,368 shares on June 16, 2026; 21,368 on June 16, 2027 and 21,367 shares on June 16, 2028, in each case subject to the reporting person's continued service with the Company on the vesting date.