Form 4: Cyanotech Corp: Executive Cysewski Reports Stock Transactions

Gerald R Cysewski, Chief Scientific Officer of Cyanotech Corp, reports the vesting of restricted stock units and associated tax withholding.

Summary

• On April 8, 2024, Gerald R Cysewski, the Chief Scientific Officer of Cyanotech Corp, reported transactions involving the company's common stock and restricted stock units.
• 33 restricted stock units vested and were converted into common stock.
• The company withheld 13 shares to cover payroll tax liabilities related to the vesting.
• Following these transactions, Cysewski directly owns 142,272 shares of common stock and indirectly owns 250 shares held by his spouse.
• He also holds 7,120 restricted stock units that will vest in future dates.

Sentiment

Score: 5

Explanation: This is a neutral report of stock transactions. It doesn't indicate positive or negative sentiment about the company's performance.

Future Outlook

The reporting person has remaining restricted stock units that will vest over the next two years, subject to continued service with the company.

Industry Context

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

Stakeholder Impact

• The transaction has a minor impact on shareholders as it involves a small number of shares.

Key Dates

Keywords

Cyanotech, Cysewski, restricted stock units, Form 4, insider trading, stock vesting, payroll tax, common stock