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

Jennifer M. Johansen, VP at Cyanotech Corp, reports the vesting of restricted stock units and subsequent withholding of shares for tax obligations.

Summary

• On April 7, 2025, Jennifer M. Johansen, VP at 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 13 shares to cover payroll tax liabilities related to the vesting at a price of $0.31 per share.
• Following these transactions, Johansen directly owns 8,881 shares of common stock and 1,414 restricted stock units.
• The remaining restricted stock units vest as to 1,380 shares on July 30, 2025, and 34 shares on April 6, 2026, contingent upon continued service with the company.

Sentiment

Score: 5

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

Future Outlook

The remaining restricted stock units will vest on July 30, 2025 (1,380 shares) and April 6, 2026 (34 shares), contingent upon continued service with the company.

Industry Context

This is a standard Form 4 filing, which is common for publicly traded companies and their officers, directors, and principal stockholders. It provides transparency into insider transactions.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect standard executive compensation practices.

Key Dates

Keywords

Cyanotech Corp, Jennifer M. Johansen, Form 4, Stock Transactions, Restricted Stock Units, Vesting, Payroll Tax, Common Stock, Officer, Insider Trading