Hughes Herbert 4

What Happened Hughes Herbert, a director of Byrna Technologies, had restricted stock units (RSUs) settled into 16,111 shares on January 22, 2026. The Form 4 records an exercise/conversion (transaction code M) acquiring 16,111 shares (price N/A) and a corresponding derivative disposition of 16,111 shares at $0.00. Footnotes confirm this was the settlement of RSUs (granted July 19, 2024; vested July 29, 2025) and were settled in shares on January 22, 2026. No cash sale was reported.

Key Details

• Transaction date: 2026-01-22; Form 4 filed: 2026-01-23 (timely)
• Reported actions: Exercise/conversion of derivative (M) — 16,111 shares acquired; a matching derivative disposition for 16,111 shares at $0.00
• Price/value: Acquisition listed N/A; disposition listed $0.00 — no cash proceeds reported
• Shares owned after transaction: Not disclosed in the provided filing excerpt
• Footnotes: F1 explains each RSU converts to one share at settlement; F2 gives grant (7/19/2024), vest date (7/29/2025), and settlement date (1/22/2026)
• No 10b5-1 plan, tax-withholding share surrender, or late-filing flag was reported in the excerpt

Context Transaction code M typically reflects conversion/exercise of a derivative (here, RSUs converting into common shares). This was a compensation-related settlement rather than an open‑market purchase or sale — such settlements are routine and reflect vesting/compensation, not necessarily a buy/sell signal about company prospects. Purchases (out-of-pocket buys) tend to be more informative about insider sentiment than routine RSU settlements.