Form 4: Cyanotech Corp Executive Nordin Reports Stock Transactions

Amy Beth Nordin, VP, HR, and Secretary of Cyanotech Corp, reports the vesting of restricted stock units and withholding of shares for tax liabilities.

Summary

• On April 7, 2025, Amy Beth Nordin, VP, HR, and Secretary of Cyanotech Corp, reported transactions involving common stock and restricted stock units.
• 33 restricted stock units vested and were converted into common stock.
• The company withheld 12 shares to cover payroll tax liabilities related to the vesting of the 33 shares, at a price of $0.31 per share.
• Following these transactions, Nordin directly owns 8,074 shares of common stock and 1,536 restricted stock units.
• The restricted stock units vest as to 1,502 shares on July 29, 2025, and 34 shares on April 6, 2026, contingent upon 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

The remaining restricted stock units will vest on July 29, 2025, and April 6, 2026, contingent upon continued service.

Industry Context

This filing is a routine disclosure of insider transactions, which are common for executives receiving equity compensation. It provides transparency into the executive's holdings and alignment with shareholder interests.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it reflects the vesting of previously granted equity compensation.
• Employees may view this as a standard part of the company's compensation practices.

Key Dates

Keywords

Form 4, insider trading, stock vesting, restricted stock units, Cyanotech Corp, Nordin, executive compensation, equity