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Byrna Technologies Inc. — Director's Dealing 2024
Feb 16, 2024
32837_dirs_2024-02-16_9f531dcd-3111-48bb-8b05-9b58cb2de3a8.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
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 | 14131 | $1.90 | Acquired | 130154 | Direct |
| 2024-02-16 | Common Stock | M | 12500 | — | Acquired | 142645 | 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"). 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.