Cyanotech (CYAN) executive Johansen acquired 3,200 shares
Insider transactions reported
Jennifer M. Johansen (VP, Quality, Regulatory & Govt at Cyanotech Corporation, CYAN) reported that they acquired 3,200 shares, and gave up 1,201 shares at $0.40 to cover taxes or an exercise price on Feb 18, 2025. After these transactions the filing shows 8,861 shares held directly.
- Reporting person
- Johansen Jennifer M.
- Role
- VP, Quality, Regulatory & Govt
| Date | Type | Security | Shares | Price | Value | Held after |
|---|---|---|---|---|---|---|
| Feb 18, 2025 | Exercise or conversion of a derivative (M) | Common Stock1 | +3,200 | - | - | 10,062 direct |
| Feb 18, 2025 | Shares withheld for taxes or exercise price (F) | Common Stock2 | -1,201 | $0.40 | $480 | 8,861 direct |
Options and other derivatives
| Date | Type | Security | Shares | Price | Value | Held after |
|---|---|---|---|---|---|---|
| Feb 18, 2025 | Exercise or conversion of a derivative (M) | Restricted Stock UnitsOn 3,200 Common Stock3, 4 | -3,200 | - | - | 1,447 direct |
Holdings before and after
- Common Stock: 6,862 to 8,861 direct
- Restricted Stock Units: 4,647 to 1,447 direct
Footnotes from the filing
- 1. Represents the conversion upon vesting of restricted stock units into common stock.
- 2. No stock was sold. On February 18, 2025, in connection with the vesting of 3200 shares of stock, the Company withheld a total of 1,201 shares to satisfy a payroll tax liability incident to such vesting.
- 3. Each restricted stock unit represents the contingent right to receive one (1) share of Cyanotech Common Stock.
- 4. The restricted stock units vest as to 33 shares on April 6, 2025; 1,380 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.
Transaction codes in this filing
- Exercise or conversion of a derivative:
- Code M marks the exercise or conversion of an option or other derivative under an exempt plan.
- Shares withheld for taxes or exercise price:
- Code F marks shares handed back or withheld to pay taxes or an exercise price. No sale happens in the market.
FAQ
What did Johansen report in this CYAN Form 4?
Jennifer M. Johansen (VP, Quality, Regulatory & Govt at Cyanotech Corporation, CYAN) reported that they acquired 3,200 shares, and gave up 1,201 shares at $0.40 to cover taxes or an exercise price on Feb 18, 2025. After these transactions the filing shows 8,861 shares held directly.
How many CYAN shares does Johansen hold after this filing?
The filing shows 8,861 shares held directly after the reported transactions. Form 4 reports only the positions it lists, so this may not be every holding.
What does transaction code M mean on an SEC Form 4?
Code M marks the exercise or conversion of an option or other derivative under an exempt plan.
Historical context for CYAN
Earlier insider filings at CYAN
- Feb 20, 2025VP, Operations Jensen Glenn converted options into 3,570 shares and covered exercise/tax liability with 1,340 shares, increasing direct ownership by 9% to 26,065 units (SEC Form 4)
- Feb 20, 2025Chief Scientific Officer Cysewski Gerald R converted options into 3,900 shares and covered exercise/tax liability with 1,464 shares, increasing direct ownership by 2% to 145,692 units (SEC Form 4)
- Oct 3, 2024Director Davis Michael A / was granted 13,158 units of Cyanotech Corporation Common Stock and bought $3,800 worth of Cyanotech Corporation Common Stock (5,000 units at $0.76) (SEC Form 4)
- Oct 1, 2024Director Davis Michael A / bought $7,650 worth of Cyanotech Corporation Common Stock (10,000 units at $0.77) (SEC Form 4)
- Sep 27, 2024Director Davis Michael A / bought $7,700 worth of Cyanotech Corporation Common Stock (10,000 units at $0.77) (SEC Form 4)
- Market cap
- 30-day
- Sector
- Health Care
- Industry
- Medicinal Chemicals and Botanical Products
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