David North - Dec 22, 2021 Form 4 Insider Report for Byrna Technologies Inc. (BYRN)

Signature
/s/ Lisa Wager, by Power of Attorney
Stock symbol
BYRN
Transactions as of
Dec 22, 2021
Transactions value $
$0
Form type
4
Date filed
12/27/2021, 05:11 PM
Previous filing
Aug 4, 2021
Next filing
Mar 25, 2022

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
transaction BYRN Restricted Stock Units Award +90K +150% 150K Dec 22, 2021 Common stock 90K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive one share of the common stock of Byrna Technologies Inc. or cash.
F2 The restricted stock units vest as follows: (i) one-third of the units are not subject to any price trigger; (ii) the second one-third of the units are triggered when the company's common stock trades above $30.00 on a 20-day volume weighted average closing price ("VWAP"); (iii) the final one-third of the units are triggered when the company's common stock trades above $40 on a 20-day volume weighted average closing price; and (iv) the reporting person must remain employed by the company until December 1, 2023 for the restricted stock untis to vest. The restricted stock units can be settled in cash or in shares of BYRN common stock on or before March 15, 2024.