Bryan Ganz - May 5, 2021 Form 3 Insider Report for Byrna Technologies Inc. (BYRN)

Role
CEO Pres Chairman of the Board, Director
Signature
/s/ Lisa Wager, by Power of Attorney
Stock symbol
BYRN
Transactions as of
May 5, 2021
Transactions value $
$0
Form type
3
Date filed
6/11/2021, 03:35 PM
Next filing
Aug 4, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding BYRN Common Stock 481K May 5, 2021 Direct
holding BYRN Common Stock 478K May 5, 2021 By Northeast Industrial Partners LLC F1
holding BYRN Common Stock 1.3K May 5, 2021 By the David Ganz Trust FBO Kathryn R. Ganz F1
holding BYRN Common Stock 70.8K May 5, 2021 By the Judith L. Ganz Trust VA 04-23-2015 F1
holding BYRN Common Stock 1.3K May 5, 2021 By the David Ganz Trust FBO Madeline Hyland Ganz F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding BYRN Stock Options (right to buy) May 5, 2021 Common Stock 60K $1.90 Direct F2
holding BYRN Restricted Stock Unit May 5, 2021 Common Stock 900K Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
F2 The stock options became exercisable upon issuance.
F3 The restricted stock units vest as follows: (1) one-third of the RSUs will be triggered when BYRN's stock trades above $20.00 on a 20-day volume weighted average closing price ("VWAP"), the second one-third of the RSUs will be triggered when BYRN's stock trades above $30.00 on a 20-day VWAP, and the final one-third of the RSUs will be triggered when the stock trades above $40.00 on a 20-day VWAP. The reporting person must remain employed by the Company until August 31, 2023 for the restricted stock units to vest.
F4 Each restricted stock unit represents a contingent right to receive one share of BYRN common stock or cash.