Lisa Wager - Mar 23, 2022 Form 4 Insider Report for Byrna Technologies Inc. (BYRN)

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 Unit	Disposed to Issuer	$0	-75K	-50%	$0.00	75K	Mar 23, 2022	Common Stock	75K		Direct	F1, F2
transaction	BYRN	Option (right to buy)	Award	$0	+75K		$0.00	75K	Mar 23, 2022	Common Stock	75K	$9.23	Direct	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Id	Content
F1	Each restricted stock unit represents the right to receive one share of common stock.
F2	The original grant of restricted stock units ("Units") consisted of 50,000 Units with no performance trigger, 50,000 Units with a $30 20-day VWAP performance trigger ("$30 Trigger"), and 50,000 Units with a $40 20-day VWAP performance trigger ("$40 Trigger"). The Reporting Person must remain in service to the Company through August 31, 2023 for any Units to vest. The Reporting Person has agreed to an amendment of the original Restricted Stock Unit Agreement, approved by the Board, to provide for cancellation of half the Units, consisting of all Units with a $40 Trigger and 25,000 Units with a $30 Trigger, in exchange for a grant of an equal number of options as described herein.
F3	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.