David North - May 5, 2021 Form 3/A - Amendment Insider Report for Byrna Technologies Inc. (BYRN)

Role
Chief Financial Officer
Signature
/s/ Lisa Wager, by Power of Attorney
Stock symbol
BYRN
Transactions as of
May 5, 2021
Transactions value $
$0
Form type
3/A - Amendment
Date filed
12/27/2021, 05:10 PM
Date Of Original Report
Jun 11, 2021
Next filing
Aug 4, 2021

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 Restricted Stock Units May 5, 2021 Common Stock 60K Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The restricted stock units vest as follows: (i) one-third of the RSUs have no price trigger, (ii) the second one-third of the RSUs will be triggered when BYRN's stock trades above $30.00 on a 20-day Volume Weighted Average Price ("VWAP"), (iii) the final one-third of the RSUs will be triggered when the stock trades above $40.00 on a 20-day VWAP; and (iv) the reporting person must remain employed by the Company until December 1, 2023 for the restricted stock units to vest. The restricted stock units will be settled in cash or shares of BYRN common stock on or before March 15, 2024.
F2 Each restricted stock unit represents a contingent right to receive one share of BYRN common stock or cash.
F3 This amends the earlier form 3 which incorrectly stated that the first third of the RSU's have a $20.00 price trigger