Luan Pham - May 17, 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
Stock symbol
BYRN
Transactions as of
May 17, 2024
Transactions value $
$0
Form type
4
Date filed
7/15/2025, 08:01 PM
Previous filing
Apr 29, 2024
Next filing
Feb 14, 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Pham Luan Chief Mktg and Rev Officer 100 BURTT ROAD SUITE 115, ANDOVER /s/ Lisa Klein Wager by Power of Attorney 2025-07-15 0001819373

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 Units Gift $0 +20K $0.00 20K May 17, 2024 Common Stock 20K Direct F1, F2, F3
* 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 a contingent right to receive one share of the common stock of Byrna Technologies Inc. (the "Issuer").
F2 Pursuant to the terms of an employment agreement between the Issuer and Bryan Ganz ("Ganz") effective 9/1/2023 (the "Agreement") and filed with the Issuer's Form 8-K on 9/18/2023, the vesting of the RSUS is subject to a double trigger of performance and time: (i) the performance hurdle for 1/3 of the units is met when the Issuer's common stock trades above $6.00 on a 20-day volume weighted average closing price ("VWAP"); (ii) the performance hurdle for 1/3 of the units is met when the Issuer's common stock trades above $9.00 on a 20-day VWAP; (iii) the performance hurdle for the final one-third of the will be met when the Issuer's common stock trades above $12 on a 20-day VWAP; and (iv) subject to specific modifications detailed in the Agreement for a termination through a Qualified Retirement (as defined therein), without cause, by resignation, by virtue of death or disability, or through a Change in Control, Ganz must remain employed by the Issuer until 8/31/2026.
F3 By agreements dated May 17, 2024, Ganz, with the consent of the Compensation Committee of the Issuer's Board of Directors and consistent with the terms of the Issuer's equity incentive plan, assigned 20,000 of the units to the reporting person as a bona fide gift. The assignment did not alter any of the vesting conditions set forth in note 2, including the performance triggers or the requirement that, subject to specific modifications noted, that Ganz remain employed through August 31, 2026 for the units to vest. In the event the reporting person ceases to be employed by the Issuer such date, ownership of the Assigned Units will revert to Ganz.