March 2, 2026 · Form 4 insider transaction
Davis Conn Q. bought 19,395 shares of BYRNA TECHNOLOGIES INC at $0.00 per share, a transaction worth N/A. The trade was recorded as grant or award and disclosed on an SEC Form 4, filed 16 days after the transaction.
Each restricted stock unit ("RSU") represents a contingent right to receive one share of common stock of Byrna Technologies Inc. (the "Issuer").; The RSUs were granted in connection with the Reporting Person's appointment as Chief Executive Officer of the Issuer. Pursuant to the terms of an offer letter entered into effective March 2, 2026 (the "Agreement") and attached as an exhibit to the Form 8-K filed by the Issuer on March 3, 2026, the vesting of the RSUs is conditioned upon (i) the volume-weighted average price of the Issuer's common stock over the final 90 days of a two-year performance period equaling or exceeding 156% of the Issuer's closing stock price on March 2, 2026, and (ii) the Reporting Person's continuous service to the Issuer through March 2, 2028, subject to acceleration upon certain terminations following a change of control of the Issuer.