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
- On April 7, 2025, Glenn Jensen, VP of Operations at Cyanotech Corp, reported transactions involving common stock and restricted stock units.
- 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 26,085 shares of common stock and indirectly owns 17,210 shares through a spouse.
- Jensen also directly owns 1,676 restricted stock units, with 1,642 vesting on July 30, 2025, and 34 vesting on April 6, 2026, contingent upon continued service with the company.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Future Outlook
The reporting person's remaining restricted stock units will vest on July 30, 2025 and April 6, 2026, subject to continued service with the company.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding the actions of company executives.
Stakeholder Impact
- The transactions reported may provide insights to shareholders regarding management's view of the company's stock.
Key Dates
| Date | Description |
|---|---|
| 04/07/2025 | Restricted stock units vested and converted to common stock; tax withholding occurred. |
| 04/09/2025 | Date of Form 4 filing. |
| 07/30/2025 | 1,642 restricted stock units vest. |
| 04/06/2026 | 34 restricted stock units vest. |
Keywords
Form 4, insider trading, stock vesting, restricted stock units, Cyanotech, Glenn Jensen, CYAN
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