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Filing Details

Accession Number:: 0001437749-23-028444
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2023-10-17 20:00:40
Reporting Period:: 2022-03-22

Accepted Time:: 2023-10-17 20:00:40
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1354866	Byrna Technologies Inc.	BYRN	()	4

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1318455	Bryan Ganz	100 Burtt Road, Suite 115 Andover MA 01810	President And Ceo	Yes	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2023-10-13	12,000	$3.05	615,148	No	4	P	Direct
Common Stock	Acquisiton	2023-10-16	5,000	$3.51	620,148	No	4	P	Direct
Common Stock	Disposition	2022-12-31	1,300	$0.00	0	No	4	J	Indirect	By the David Ganz Trust FBO Kathryn R. Ganz
Common Stock	Disposition	2022-12-31	1,300	$0.00	0	No	4	J	Indirect	By the David Ganz Trust FBO Madelyn Hyland

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Direct
No	4	P	Direct
No	4	J	Indirect	By the David Ganz Trust FBO Kathryn R. Ganz
No	4	J	Indirect	By the David Ganz Trust FBO Madelyn Hyland

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Restricted Stock Unit	Disposition	2022-03-23	450,000	$0.00	450,000	$0.00
Common Stock	Stock Option (right to buy)	Acquisiton	2022-03-23	450,000	$0.00	450,000	$9.23

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
450,000		2023-08-31	No	4	D	Direct
450,000		2023-03-23	No	4	A	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	478,059	Indirect	By Northeast Industrial Partners LLC
Common Stock	3,800	Indirect	By Li Zhang
Common Stock	70,753	Indirect	By the Judith L. Ganz Trust VA 04-23-2015

Footnotes

The shares were purchased in multiple transactions at prices ranging from $2.98 to $3.10. The reported price of $3.0536 represents the volume weighted average price for the reported transaction. The reporting person undertakes to provide upon request by the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares purchased at each separate price.
The reporting person served as trustee of each trust, of which certain members of the reporting person's immediate family were beneficiaries. On December 31, 2022, the trusts distributed all shares of the issuer's common stock to the beneficiaries of the trusts. Prior to distribution, the reporting person disclaimed beneficial ownership of the securities held by the trusts except to the extent of his pecuniary interest therein.
The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
Ms. Zhang was married to the reporting person on January 18, 2023. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
Each restricted stock unit represents the right to receive one share of common stock.
The original grant of restricted stock units ("Units") consisted of 300,000 Units with a $20 20-day VWAP performance trigger, 300,000 Units with a $30 20-day VWAP performance trigger ("$30 Trigger"), and 300,000 Units with a $40 20-day VWAP performance trigger ("$40 Trigger"). The Reporting Person was required to remain in service to the Company through August 31, 2023 for any Units to vest. The Reporting Person agreed to an amendment of the original Restricted Stock Unit Agreement, approved by the Board, to provide for cancellation of half the Units, consisting of all Units with a $40 Trigger and 150,000 Units with a $30 Trigger, in exchange for a grant of an equal number of options as described herein.
One third of the grant (the "Option Shares") will vest and become exercisable on 3/23/23 (the "Year Anniversary"); the balance of the Option Shares will vest in eight (8) quarterly, consecutive, and equal installments thereafter, beginning on the first calendar day of the fiscal quarter immediately following the Year Anniversary, until all Option Shares are fully vested.