Form 4: Cyanotech Corp: VP of Operations Acquires 25,000 Stock Options
SEC Form 4 Filing
Glenn Jensen, VP of Operations at Cyanotech Corp, reports the acquisition of 25,000 Cyanotech common stock options.
Summary
- Glenn Jensen, the VP of Operations at Cyanotech Corp, filed a Form 4 with the SEC.
- The filing reports the acquisition of 25,000 Cyanotech common stock options on May 19, 2025.
- The exercise price of these options is $0.32.
- The options expire on May 19, 2035.
- The options vest in three tranches: 8,333 shares on May 19, 2026, 8,333 shares on May 19, 2027, and 8,334 shares on May 19, 2028, contingent upon continued service with the company.
Sentiment
Score: 5
Explanation: The document is a neutral report of an insider transaction. It doesn't inherently indicate positive or negative sentiment about the company's performance.
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.
Stakeholder Impact
- The acquisition of stock options by a company executive can be viewed positively by shareholders as it aligns the executive's interests with the company's long-term success.
Key Dates
| Date | Description |
|---|---|
| 05/19/2025 | Date of earliest transaction: Acquisition of 25,000 Cyanotech common stock options. |
| 05/19/2026 | Vesting date for 8,333 shares of the acquired stock options. |
| 05/19/2027 | Vesting date for 8,333 shares of the acquired stock options. |
| 05/19/2028 | Vesting date for 8,334 shares of the acquired stock options. |
| 05/19/2035 | Expiration date for the acquired stock options. |
| 05/21/2025 | Date of signature for the Form 4 filing. |
Keywords
Form 4, insider trading, stock options, Glenn Jensen, Cyanotech Corp, CYAN, VP Operations
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