Form 4: Byrna Technologies CEO Bryan Ganz Sells Shares Under 10b5-1 Plan

Byrna Technologies CEO Bryan Ganz sold a total of 19,990 shares of common stock in two transactions under a pre-arranged 10b5-1 trading plan.

Summary

• Bryan Ganz, CEO of Byrna Technologies, sold 1,174 shares of common stock on November 14, 2024, at a weighted average price of $19.4179 per share.
• He also sold 18,826 shares on November 19, 2024, at a weighted average price of $19.6283 per share.
• These sales were executed under a pre-arranged 10b5-1 trading plan adopted on April 8, 2024.
• After these transactions, Mr. Ganz indirectly beneficially owns 378,059 shares through Northeast Industrial Partners LLC.
• Additionally, Mr. Ganz indirectly beneficially owns 880,406 shares through Li Zhang and 70,753 shares through the Judith L. Ganz Trust.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing detailing stock sales by an executive under a pre-arranged plan. It doesn't indicate any positive or negative sentiment, it is a neutral event.

Risks

• Sales by company insiders, even under a 10b5-1 plan, can sometimes be perceived negatively by the market.

Management Comments

• The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.

Industry Context

This is a routine filing related to insider trading activity and is common for executives of publicly traded companies. The use of a 10b5-1 plan is a common practice to avoid accusations of insider trading.

Comparison to Industry Standards

• The use of 10b5-1 trading plans is a standard practice among executives at publicly traded companies to manage their personal finances while avoiding potential insider trading issues.
• Similar filings are regularly made by executives at comparable companies such as Axon Enterprise (AXON) and Digital Ally (DGLY), which also operate in the less-lethal technology space.

Stakeholder Impact

• The share sales may have a minor impact on the stock price, but the use of a 10b5-1 plan suggests the sales were planned and not based on any new information.

Key Dates

Keywords

Byrna Technologies, Bryan Ganz, insider trading, SEC Form 4, 10b5-1 plan, share sale, stock transaction