Luan Pham - 18 Apr 2024 Form 4 Insider Report for Byrna Technologies Inc. (BYRN)

Role
Chief Mktg and Rev Officer
Signature
/s/ Lisa Klein Wager by Power of Attorney
Issuer symbol
BYRN
Transactions as of
18 Apr 2024
Net transactions value
-$251,840
Form type
4
Filing time
29 Apr 2024, 20:03:18 UTC
Previous filing
30 Jan 2024
Next filing
29 Apr 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 +50,000 +272% 68,387 18 Apr 2024 Direct F1
transaction BYRN Common Stock Tax liability $251,840 -19,675 -29% $12.80 48,712 18 Apr 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 Restricted Stock Unit Options Exercise -50,000 -61% 32,500 18 Apr 2024 Restricted Stock Unit 50,000 Direct F1
transaction BYRN Restricted Stock Unit Disposed to Issuer -27,500 -85% 5,000 18 Apr 2024 Restricted Stock Unit 27,500 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents the right to receive, at settlement, one share of common stock. This transaction represents the settlement of 50,000 restricted stock units in shares of common stock upon vesting.
F2 In accordance with the terms of the Company's Amended and Restated 2020 Incentive Equity Plan and the Restricted Stock Unit Award Agreement, the Reporting Owner forfeited his rights to 19,675 shares of common stock that otherwise was due to him as part of the RSU settlement to cover the Reporting Owner's withholding tax obligations arising from settlement of vested restricted stock units. There was no market transaction in connection with this forfeiture. Reporting owner was issued the net number of shares (30,325) reflecting the 50,000 rsus settlement net of the 19,675 shares withhdeld for taxes calculated at the prior day's closing price of $12.80
F3 These restricted stock units were performance units that were forfeited because performance conditions were not satisfied by end date of 4/18/24.
F4 These restricted stock units also vested on 4/18/24 but have not yet been settled.