Byrna (BYRN) Director Reed Lavern Receives RSU Settlement (4,865)

What Happened Reed Chris Lavern, a director of Byrna Technologies, had 4,865 restricted stock units (RSUs) settle into 4,865 shares of common stock on July 29, 2026. The Form 4 reports the conversion/settlement of the derivative (transaction code M); no purchase price or cash proceeds are shown (price listed as N/A / $0.00), so this was a compensation settlement rather than a market buy or sale.

Key Details

• Transaction date: July 29, 2026; Form 4 filed July 31, 2026 (appears timely).
• Shares received: 4,865 common shares via settlement of RSUs. Reported price: N/A / $0.00 (no cash changed hands per filing).
• Filing accession: 0001437749-26-025234; Period of report: 2026-07-29.
• Shares owned after transaction: not specified in the filing.
• Footnotes:
  • F1: Each RSU converts to one share at settlement; this transaction represents RSU settlement into shares.
  • F2: RSUs were granted 7/29/2025, vested 7/29/2026, were eligible for settlement by 3/15/2027, and were settled on 7/29/2026.
• Transaction code: M (exercise/conversion of a derivative). No 10b5-1 plan, tax-withholding sale, or sale-for-cash reported.

Context This was a routine equity compensation event (vesting and settlement of RSUs) rather than an insider purchase or sale. Such settlements are common for executives and directors receiving equity compensation and do not, by themselves, indicate a deliberate buy or sell decision by the insider.