Amy Beth Nordin - Feb 18, 2025 Form 4 Insider Report for CYANOTECH CORP (CYAN)

Role
VP, HR, Secretary
Signature
/s/Laura L. Taylor, by Power of Attorney
Stock symbol
CYAN
Transactions as of
Feb 18, 2025
Transactions value $
-$476
Form type
4
Date filed
2/20/2025, 03:15 PM
Previous filing
Jul 31, 2024
Next filing
Apr 9, 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CYAN Common Stock Options Exercise $0 +3.4K +58.2% $0.00 9.24K Feb 18, 2025 Direct F1
transaction CYAN Common Stock Tax liability -$476 -1.19K -12.87% $0.40 8.05K Feb 18, 2025 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction CYAN Restricted Stock Units Options Exercise $0 -3.4K -68.42% $0.00 1.57K Feb 18, 2025 Common Stock 3.4K Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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 3,400 shares of stock, the Company withheld a total of 1,189 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; 1,502 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.