Form 4: Cyanotech Corp: VP of Operations Glenn Jensen Reports Stock Transactions

Glenn Jensen, VP of Operations at Cyanotech Corp, reports the vesting of restricted stock units and withholding of shares for tax liabilities.

Summary

• On July 29, 2024, Glenn Jensen, VP of Operations at Cyanotech Corp, reported transactions involving common stock and restricted stock units.
• 1,641 restricted stock units vested and were converted into common stock.
• 616 shares were withheld to cover payroll tax liabilities related to the vesting of the stock.
• Following these transactions, Jensen directly owns 23,835 shares of common stock and indirectly owns 17,210 shares held by his spouse.
• He also holds 5,279 restricted stock units that will vest in the future.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of insider transactions, with no inherent positive or negative implications for the company's performance.

Future Outlook

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

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency into insider transactions, allowing investors to monitor the actions of company executives and directors.

Stakeholder Impact

• Shareholders can use this information to understand insider sentiment and potential future dilution from the vesting of restricted stock units.

Key Dates

Keywords

Form 4, Beneficial Ownership, Stock Transactions, Restricted Stock Units, Vesting, Cyanotech, Insider Trading