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

Role
Director, Board Chair
Signature
/s/ Lisa Klein Wager
Issuer symbol
BYRN
Transactions as of
14 Feb 2024
Net transactions value
-$6,401
Form type
4
Filing time
16 Feb 2024, 20:49:03 UTC
Previous filing
07 Sep 2023
Next filing
22 Feb 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BYRN Common Stock Options Exercise $26,849 +14,131 +12% $1.90 130,154 14 Feb 2024 Direct F1
transaction BYRN Common Stock Options Exercise +12,500 +9.6% 142,645 16 Feb 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 $33,250 -17,500 -100% $1.90 0 14 Feb 2024 Common Stock 17,500 $1.90 Direct F3
transaction BYRN Restricted Stock Unit Options Exercise $0 -12,500 -100% $0.000000* 0 16 Feb 2024 Common Stock 12,500 $0.000000 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.