Form 4: Byrna CEO Bryan Ganz Gifts Shares to Family Trust

Byrna Technologies CEO Bryan Ganz transferred 469,233 shares of common stock to a family investment LLC, shifting ownership from direct to indirect.

Summary

• Bryan Ganz, President and CEO and Director of Byrna Technologies Inc. (BYRN), reported a change in beneficial ownership.
• On October 31, 2025, Ganz gifted 469,233 shares of Byrna common stock from his direct holdings.
• This transaction resulted in his direct beneficial ownership decreasing to 411,173 shares.
• Concurrently, 469,233 shares were acquired indirectly through BSG Family Investment LLC, where Ganz serves as manager and has control over the trustee.
• The transaction was a gift, with a reported price of $0 per share.
• Following these transactions, Ganz's total beneficial ownership includes 411,173 shares held directly and 831,845 shares held indirectly (469,233 via BSG Family Investment LLC, 288,059 via Northeast Industrial Partners LLC, 3,800 via Li Zhang, and 70,753 via the Judith L. Ganz Trust VA 04-23-2015), totaling 1,243,018 shares.

Sentiment

Score: 5

Explanation: The filing reports an internal transfer of shares by the CEO to a family trust, which is a personal financial planning event and does not reflect positively or negatively on the company's operational performance or financial health.

Positives

• CEO Bryan Ganz maintains significant beneficial ownership in Byrna Technologies Inc. through direct and indirect holdings, demonstrating continued alignment with shareholder interests.

Negatives

• No direct negative impacts on the company's operations or financial health are indicated by this internal share transfer.

Risks

• No specific risks related to the company's operations or financial performance were disclosed in this Form 4 filing.

Future Outlook

No forward-looking statements or guidance were provided in this filing.

Management Comments

• This transaction involved the reporting person's gift of 469,233 shares of common stock to BSG Family Investment LLC ("BSG"), the sole member of which is a trust for the benefit of the reporting person's family members over which the reporting person has the right to replace the trustee. The reporting person serves as manager of BSG.

Industry Context

This filing reports an insider transaction, which is a personal financial planning event for the CEO and does not directly relate to broader industry trends or competitive landscape changes.

Related Party Transactions

• The gift of 469,233 shares of common stock to BSG Family Investment LLC, a trust for the benefit of the reporting person's family members over which the reporting person has control, constitutes a related party transaction.

Stakeholder Impact

• Shareholders: Minimal direct impact. Could be interpreted as a long-term commitment by the CEO to the company, as the shares remain within his control, albeit indirectly.
• Employees, customers, suppliers, creditors: No direct impact.

Key Dates

Recommendation

The filing details a personal financial planning transaction by the CEO, involving a gift of shares to a family trust. This internal transfer does not alter the CEO's overall beneficial ownership in the company and provides no new information regarding the company's operational performance, financial outlook, or strategic direction. Therefore, it does not warrant a change in investment recommendation based solely on this disclosure.

Keywords

Byrna Technologies, BYRN, Bryan Ganz, CEO, Director, stock transaction, beneficial ownership, Form 4, insider transaction, family trust, gift