Herbert Hughes - Feb 14, 2024 Form 4 Insider Report for Byrna Technologies Inc. (BYRN)

Signature
/s/ Lisa Klein Wager
Stock symbol
BYRN
Transactions as of
Feb 14, 2024
Transactions value $
-$6,401
Form type
4
Date filed
2/16/2024, 08:49 PM
Previous filing
Sep 7, 2023
Next filing
Feb 22, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BYRN Common Stock Options Exercise $26.8K +14.1K +12.18% $1.90 130K Feb 14, 2024 Direct F1
transaction BYRN Common Stock Options Exercise +12.5K +9.6% 143K Feb 16, 2024 Direct F2

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 Stock Option (right to buy) Options Exercise -$33.3K -17.5K -100% $1.90 0 Feb 14, 2024 Common Stock 17.5K $1.90 Direct F3
transaction BYRN Restricted Stock Unit Options Exercise $0 -12.5K -100% $0.00* 0 Feb 16, 2024 Common Stock 12.5K $0.00 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On February 14, 2024 the Reporting Person made a cashless exercise of 17,500 options (the "Options"), each with an exercise price of $1.90 (the "Cashless Exercise"). Pursuant to the Cashless Exercise, no shares of Byrna Technologies Common Stock were sold by the Reporting Person, but rather the Reporting Person forfeited his right to the number of shares equivalent to the exercise price of the Options.
F2 Each restricted stock unit represents the right to receive, at settlement, one share of common stock or cash. This transaction represents the settlement of restricted stock units in shares of common stock following vesting.
F3 The Options became exercisable upon issuance.
F4 The Restricted Stock Units were granted on August 3, 2022, vested on August 3, 2023, were settled on February 16, 2024, and were required to be settled by March 15, 2024.