4//SEC Filing
North David 4
Accession 0001437749-22-007272
CIK 0001354866other
Filed
Mar 24, 8:00 PM ET
Accepted
Mar 25, 8:09 PM ET
Size
8.2 KB
Accession
0001437749-22-007272
Insider Transaction Report
Form 4
North David
Chief Financial Officer
Transactions
- Award
Option (right to buy)
2022-03-23+75,000→ 75,000 totalExercise: $9.23Exp: 2032-03-23→ Common Stock (75,000 underlying) - Disposition to Issuer
Restricted Stock Unit
2022-03-23−75,000→ 75,000 totalExp: 2023-08-31→ Common Stock (75,000 underlying)
Footnotes (3)
- [F1]Each restricted stock unit represents the right to receive one share of common stock.
- [F2]The original grants of restricted stock units ("Units") consisted of a total of 50,000 Units with no performance trigger, 50,000 Units with a $30 20-day VWAP performance trigger ("$30 Trigger"), and 50,000 Units with a $40 20-day VWAP performance trigger ("$40 Trigger"). Employee must remain in service to the Company through December 1, 2023 for any Units to vest. Employee has 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 25,000 Units with a $30 Trigger, in exchange for a grant of an equal number of options as described herein.
- [F3]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.
Documents
Issuer
Byrna Technologies Inc.
CIK 0001354866
Entity typeother
Related Parties
1- filerCIK 0001861977
Filing Metadata
- Form type
- 4
- Filed
- Mar 24, 8:00 PM ET
- Accepted
- Mar 25, 8:09 PM ET
- Size
- 8.2 KB