Form 4: Cyanotech Officer Collette Nicole Kakuk Reports Stock Transactions
SEC Form 4 Filing
Collette Nicole Kakuk, Chief Strategic Commercial Officer of Cyanotech Corporation, reports the vesting of restricted stock units and subsequent withholding of shares for tax liabilities.
Summary
- On February 18, 2025, Collette Nicole Kakuk, Chief Strategic Commercial Officer of Cyanotech Corporation, reported transactions involving Cyanotech common stock.
- 3,900 restricted stock units vested and were converted into common stock.
- The company withheld 1,556 shares to cover payroll tax liabilities associated with the vesting.
- Following these transactions, Kakuk directly owns 4,688 shares of Cyanotech common stock.
Sentiment
Score: 5
Explanation: This is a routine filing related to stock vesting and tax withholding, with no indication of positive or negative sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it reflects a change in insider ownership.
Key Dates
| Date | Description |
|---|---|
| 02/18/2025 | Date of stock vesting and tax withholding. |
| 02/20/2025 | Date of Form 4 signature. |
Keywords
Cyanotech, Collette Nicole Kakuk, stock vesting, restricted stock units, Form 4, insider trading, payroll tax liability, common stock
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