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

Amy Beth Nordin, VP, HR, and Secretary of Cyanotech Corporation, converted 1,502 restricted stock units into common stock and had 525 shares withheld for tax liabilities.

Summary

• Amy Beth Nordin, VP, HR, and Secretary of Cyanotech Corporation, completed a transaction on July 29, 2025.
• 1,502 restricted stock units (RSUs) were converted into common stock upon vesting, with a transaction price of $0.
• Following this conversion, Nordin's direct beneficial ownership of common stock increased to 9,576 shares.
• Concurrently, 525 shares of common stock were disposed of at a price of $0.405 per share to satisfy payroll tax liabilities associated with the RSU vesting.
• After the tax withholding, Nordin's direct beneficial ownership of common stock adjusted to 9,051 shares.
• The transaction also reflects the disposition of 1,502 derivative restricted stock units, which were converted into common stock.
• Nordin retains 34 restricted stock units, which are scheduled to vest on April 6, 2026, contingent on her continued service with the company.

Sentiment

Score: 5

Explanation: The filing reports a routine insider transaction (RSU vesting and tax withholding) which is neutral in sentiment. It does not indicate positive or negative performance or strategic shifts.

Future Outlook

The filing indicates that 34 restricted stock units are scheduled to vest 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, specifically the vesting and conversion of restricted stock units and subsequent tax-related share withholding. It does not provide broader industry context or competitive insights.

Stakeholder Impact

• Shareholders: This is a routine insider transaction and is unlikely to have a significant direct impact on shareholders, as it reflects standard equity compensation practices.
• Employees: The transaction highlights the company's use of restricted stock units as part of its compensation structure for key personnel.

Next Steps

• The remaining 34 restricted stock units held by Amy Beth Nordin are expected to vest on April 6, 2026, subject to her continued service with Cyanotech Corporation.

Key Dates

Keywords

Cyanotech Corporation, CYAN, Form 4, Insider Transaction, Restricted Stock Units, RSU Vesting, Common Stock, Tax Withholding, Amy Beth Nordin