Luan Pham - 03 Jan 2022 Form 3 Insider Report for Byrna Technologies Inc. (BYRN)

Role: CRMO
Signature: /s/ Lisa Wager by Power of Attorney.
Issuer symbol: BYRN
Transactions as of: 03 Jan 2022
Net transactions value: $0
Form type: 3
Filing time: 25 Mar 2022, 20:08:23 UTC
Next filing: 11 Oct 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	BYRN	Common Stock						7,142	03 Jan 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)							03 Jan 2022	Common Stock	82,500	$9.23	Direct	F1, F2
holding	BYRN	Restricted Stock Units							03 Jan 2022	Common Stock	82,500	$0.000000	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.