Form 4: Cyanotech VP Converts Restricted Stock Units, Shares Withheld for Tax

Jennifer M. Johansen, VP of Quality, Regulatory & Government at Cyanotech Corp, converted 1,380 restricted stock units into common stock, with 518 shares withheld by the company to cover payroll tax liabilities.

Summary

• Jennifer M. Johansen, VP, Quality, Regulatory & Govt. at Cyanotech Corp (CYAN), converted 1,380 restricted stock units (RSUs) into common stock on July 29, 2025.
• Following the conversion, 518 shares of common stock were withheld by Cyanotech Corp at a price of $0.405 per share to satisfy payroll tax liabilities associated with the vesting.
• No stock was sold by the reporting person; the shares were withheld by the company for tax purposes.
• After these transactions, Jennifer M. Johansen directly beneficially owns 9,743 shares of common stock.
• An additional 34 restricted stock units remain, which are scheduled to vest on April 6, 2026, contingent upon continued service with the company.

Sentiment

Score: 5

Explanation: The filing reports a routine insider transaction involving the vesting of restricted stock units and shares withheld for tax, which is a neutral event with no significant positive or negative implications for the company's operations or financial health.

Positives

• The vesting of restricted stock units indicates the fulfillment of compensation agreements, aligning executive interests with shareholder value.

Negatives

• No direct negatives are indicated by this routine insider transaction.

Risks

• No specific risks were mentioned in this Form 4 filing.

Future Outlook

The filing indicates a future vesting event for 34 restricted stock units on April 6, 2026, contingent on the reporting person's continued service with the company.

Industry Context

This filing is a routine disclosure of an insider's equity transaction, common across all publicly traded companies, and does not provide specific industry context or trends.

Stakeholder Impact

• Shareholders: This is a routine compensation event and has minimal direct impact on existing shareholders, as it represents a planned equity issuance.

Next Steps

• The remaining 34 restricted stock units are scheduled to vest on April 6, 2026, provided the reporting person remains employed by the company.

Key Dates

Keywords

Cyanotech Corp, CYAN, SEC Form 4, Insider Transaction, Restricted Stock Units, RSU Vesting, Stock Compensation, Executive Compensation, Tax Withholding, Jennifer M. Johansen