Form 4: Cyanotech VP Glenn Jensen Reports Stock Transactions
SEC Form 4 Filing
Glenn Jensen, VP of Operations at Cyanotech Corp, reports the vesting of restricted stock units and associated tax withholding.
Summary
- Glenn Jensen, VP of Operations at Cyanotech Corp, filed a Form 4 detailing changes in beneficial ownership.
- On April 8, 2024, 33 restricted stock units vested and were converted into common stock.
- The company withheld 13 shares to cover payroll tax liabilities related to the vesting.
- Following these transactions, Jensen directly owns 22,810 shares of common stock and indirectly owns 17,210 shares held by their spouse.
- Jensen also holds 6,920 restricted stock units that will vest in installments through April 6, 2026, contingent upon continued service with the company.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions, and does not contain any information that would significantly impact investor sentiment.
Future Outlook
The reporting person's remaining restricted stock units will vest over time, contingent on continued service with the company.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders.
Key Dates
| Date | Description |
|---|---|
| 04/08/2024 | Conversion of restricted stock units to common stock and tax withholding. |
| 04/10/2024 | Date of Form 4 filing. |
| 07/30/2024 | Vesting of 1,641 restricted stock units. |
| 02/16/2025 | Vesting of 3,570 restricted stock units. |
| 04/06/2025 | Vesting of 33 restricted stock units. |
| 07/30/2025 | Vesting of 1,642 restricted stock units. |
| 04/06/2026 | Vesting of 34 restricted stock units. |
Keywords
Form 4, Beneficial Ownership, Restricted Stock Units, Vesting, Tax Withholding, Cyanotech, CYAN, Glenn Jensen
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.