Form 4: Cyanotech CFO Felicia Ladin Reports Stock Transactions

Felicia Ladin, CFO of Cyanotech Corp, reports the vesting of restricted stock units and withholding of shares for tax liabilities.

Summary

• On July 29, 2024, Felicia Ladin, CFO of Cyanotech Corp, reported transactions involving common stock and restricted stock units.
• 1,747 restricted stock units vested and were converted into common stock.
• The company withheld 656 shares to cover payroll tax liabilities related to the vesting.
• Following these transactions, Ladin directly owns 4,678 shares of common stock and 5,714 restricted stock units.
• The restricted stock units vest in installments, with future vesting dates in February 2025, April 2025, July 2025, and April 2026, contingent on continued service with the company.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Future Outlook

Future vesting of restricted stock units is contingent on the reporting person's continued service with the company.

Industry Context

This filing is a routine disclosure of insider transactions, which is common for publicly traded companies. It provides transparency into the actions of company executives regarding their holdings of company stock.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership, but the impact is likely minimal given the relatively small number of shares involved.

Key Dates

Keywords

Form 4, Cyanotech, Stock Options, Restricted Stock Units, Insider Trading, Felicia Ladin, CFO, Vesting