Luan Pham - Jan 3, 2022 Form 3 Insider Report for Byrna Technologies Inc. (BYRN)

Role
CRMO
Signature
/s/ Lisa Wager by Power of Attorney.
Stock symbol
BYRN
Transactions as of
Jan 3, 2022
Transactions value $
$0
Form type
3
Date filed
3/25/2022, 08:08 PM
Next filing
Oct 11, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding BYRN Common Stock 7.14K Jan 3, 2022 Direct

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) Jan 3, 2022 Common Stock 82.5K $9.23 Direct F1, F2
holding BYRN Restricted Stock Units Jan 3, 2022 Common Stock 82.5K $0.00 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each stock option represents a right to buy one share of our common stock.
F2 One third of the grant (the "Option Shares") will vest and become exercisable on 3/23/23 (the "Year Anniversary"); the balance of the Option Shares will vest in eight (8) quarterly, consecutive, and equal installments thereafter, beginning on the first calendar day of the fiscal quarter immediately following the Year Anniversary, until all Option Shares are fully vested.
F3 Each Restricted Stock Unit reflects the right to receive one share of common stock.
F4 The Reporting Person must remain in service to the Company through April 18, 2024 for any Restricted Stock Units to vest (the " Units" ). The Units will vest on April 18, 2024 to the extent that the following price triggers have been satisfied: (i) 55,000 Units have no price trigger , (ii) 27,500 Units are subject to a 20-day $30 VWAP price trigger.