Form 4: Cyanotech Corp Executive Jennifer M. Johansen Reports Stock Transactions

VP Jennifer M. Johansen reports the vesting of restricted stock units and subsequent withholding of shares for tax liabilities.

Summary

• On February 18, 2025, Jennifer M. Johansen, VP at Cyanotech Corp, reported transactions involving common stock and restricted stock units.
• 3,200 restricted stock units vested and were converted into common stock.
• The company withheld 1,201 shares to cover payroll tax liabilities related to the vesting at a price of $0.4 per share.
• Following these transactions, Johansen directly owns 8,861 shares of common stock and 1,447 restricted stock units.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.

Future Outlook

The remaining restricted stock units will vest on future dates contingent upon 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 trading activities of company executives.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it involves the vesting of previously granted equity compensation.

Key Dates

Keywords

Form 4, insider trading, stock vesting, restricted stock units, payroll tax liability, Cyanotech Corp, Jennifer M. Johansen, CYAN