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Byrna Technologies Inc. — Director's Dealing 2024
Mar 28, 2024
32837_dirs_2024-03-28_44caadd8-64a9-468e-8b69-0f160110cc01.zip
Director's Dealing
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SEC Form 4/A — Form 4/A
Issuer: Byrna Technologies Inc. (BYRN)
CIK: 0001354866
Period of Report: 2024-02-14
Reporting Person: Hughes Herbert (Director, Board Chair)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-02-14 | Common Stock | M | 17500 | $1.90 | Acquired | 133523 | Direct |
| 2024-02-14 | Common Stock | F | 3369 | $9.87 | Disposed | 130154 | Direct |
| 2024-02-16 | Common Stock | M | 12500 | — | Acquired | 142654 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-02-14 | Stock Option (right to buy) | $1.90 | M | 17500 | Disposed | 2024-12-30 | Common Stock (17500) | Direct |
| 2024-02-16 | Restricted Stock Unit | $0 | M | 12500 | Disposed | Common Stock (12500) | Direct |
Footnotes
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"). This amendment is being filed to clarify the full number of common shares to be issued upon the option exercise prior to the Reporting Person's forfeiture of the right to a portion of those shares in lieu of tendering cash for the exercise price.
F2: Pursuant to the Cashless Exercise, no shares of Byrna Technologies Common Stock were sold by the Reporting Person, but the Reporting Person forfeited his right to 3,369 shares, the number of shares equivalent to the exercise price of the Options.
F3: This transaction represents the settlement of restricted stock units in shares of common stock following vesting. Each restricted stock unit represents the right to receive, at settlement, one share of common stock or cash
F4: This amendment corrects the number of shares of Byrna Technologies Common Stock that the Reporting Person owns following the transactions reported herein. The original filing transposed two digits in inputting the Reporting Peron's holdings following the reported transactions.
F5: The Options became exercisable upon issuance.
F6: 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.