4//SEC Filing
Pham Luan 4
Accession 0001437749-25-022751
CIK 0001354866other
Filed
Jul 14, 8:00 PM ET
Accepted
Jul 15, 8:01 PM ET
Size
7.0 KB
Accession
0001437749-25-022751
Insider Transaction Report
Form 4
Pham Luan
Chief Mktg and Rev Officer
Transactions
- GiftSwap
Restricted Stock Units
2024-05-17+20,000→ 20,000 total→ Common Stock (20,000 underlying)
Footnotes (3)
- [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.
Documents
Issuer
Byrna Technologies Inc.
CIK 0001354866
Entity typeother
Related Parties
1- filerCIK 0001819373
Filing Metadata
- Form type
- 4
- Filed
- Jul 14, 8:00 PM ET
- Accepted
- Jul 15, 8:01 PM ET
- Size
- 7.0 KB