Reed Chris Lavern 4

What Happened

• Reed Chris Lavern, a director of Byrna Technologies, had 11,528 restricted stock units (RSUs) settled into 11,528 shares of common stock on January 22, 2026. The Form 4 shows an acquisition entry for 11,528 shares and a related conversion/disposition entry at $0.00; no cash purchase or open-market sale is reported. This transaction reflects the vesting and settlement of equity compensation rather than a market buy or sell.

Key Details

• Transaction date: January 22, 2026; Form 4 filed January 23, 2026 (timely filing).
• Shares acquired on settlement: 11,528; no cash value reported on the filing.
• Footnote F1: Each RSU represents the right to receive one share (or cash); this transaction represents settlement of RSUs into shares.
• Footnote F2: RSUs were granted July 19, 2024, vested July 29, 2025, were required to be settled by March 15, 2026, and were settled on January 22, 2026.
• Shares owned after the transaction: not specified in the provided filing excerpt.

Context

• The transaction is coded as a conversion/exercise of a derivative (M) because vested RSUs were converted into common stock. This is compensation-related issuance, not a purchase (bullish) or sale (liquidation) in the open market.
• No immediate sale, cash proceeds, or tax-withholding details are shown in the provided entries; such details, if applicable, may appear elsewhere in the full filing.