Michael Scott Gillespie - 22 Dec 2021 Form 4 Insider Report for Byrna Technologies Inc. (BYRN)

Reporting relationship: Chief Operating Officer
Issuer ticker: BYRN
Reported as of: 22 Dec 2021
Net transaction value: $0
SEC form: 4
Accepted by SEC: 27 Dec 2021, 17:11:07 UTC
Prior SEC filing: 09 Sep 2021
Source filing: View source filing
Reporting owner signature: /s/ Lisa Wager, by Power of Attorney

Key filing fact

Michael Scott Gillespie filed Form 4 for Byrna Technologies Inc. (BYRN) on 27 Dec 2021.

Key facts

This page summarizes Michael Scott Gillespie's Form 4 filing for Byrna Technologies Inc. (BYRN).
1 reported transaction and 1 derivative row are listed below.
Accepted by SEC: 27 Dec 2021, 17:11.

Change

Previous filing in this sequence was filed on 09 Sep 2021.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

BYRN transaction Derivative

Restricted Stock Units

Award

Transaction value
Shares: +200,000
Change %
Price
Shares after: 200,000
Date: 22 Dec 2021
Ownership: Direct
Underlying class: Common stock
Underlying amount: 200,000
Exercise price
Footnotes: F1, F2

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 2 footnotes

Footnote F1

Each restricted stock unit represents a contingent right to receive one share of the common stock of Byrna Technologies Inc. or cash.

Footnote F2

The restricted stock units vest as follows: (i) one-third of the units are not subject to any price trigger; (ii)one-third of the units are triggered when the company's common stock trades above $30.00 on a 20-day volume weighted average closing price ("VWAP"), (iii) the final third of the units are triggered when the company's common stock trades above $40 on a 20-day volume weighted average closing price; and (iv) the reporting person must remain employed by the company until November 23, 2024 for the restricted stock untis to vest. The restricted stock units can be settled in cash or in shares of BYRN common stock on or before March 15, 2025.