Byrna Technologies Director Hughes Herbert Receives 4,865 Shares

What Happened
Hughes Herbert, a director of Byrna Technologies (BYRN), had 4,865 restricted stock units (RSUs) settled into 4,865 shares of common stock on July 29, 2026. The Form 4 records an exercise/conversion of a derivative (code M) and the corresponding termination of the derivative; no cash was paid and no open‑market sale of the shares was reported.

Key Details

• Transaction date: July 29, 2026; Form 4 filed July 31, 2026.
• Reported transactions: conversion/exercise of a derivative resulting in acquisition of 4,865 shares; the derivative was recorded as disposed at $0.00 (reflecting settlement/conversion).
• Grant/vesting timeline (per footnotes): RSUs were granted July 29, 2025, vested July 29, 2026, were required to be settled by March 15, 2027, and were settled on July 29, 2026.
• No purchase price or sale proceeds are reported for the acquired shares (i.e., this was a settlement of awards, not a cash purchase or sale).
• Shares owned after the transaction are not reported in the excerpt provided.
• Filing appears to be a routine Form 4 reporting an RSU settlement (no 10b5‑1 or late‑filing flag noted in this filing).

Context
This was an award settlement (vested RSUs converted to shares), not an open‑market purchase or sale. Such settlements are common when equity awards vest and do not, by themselves, indicate a buy or sell signal by the insider.