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

Byrna Technologies CEO Bryan Ganz sold 2,478 shares of common stock at $18.46 per share on September 25, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• Bryan Ganz, the President and CEO of Byrna Technologies Inc., sold 2,478 shares of common stock on September 25, 2024.
• The sale was executed at a price of $18.46 per share.
• The transaction was conducted under a 10b5-1 trading plan adopted on April 8, 2024.
• Following the transaction, Ganz directly owns 880,406 shares of Byrna Technologies Inc.
• Ganz also has indirect ownership through Northeast Industrial Partners LLC (398,059 shares), Li Zhang (3,800 shares), and the Judith L. Ganz Trust VA 04-23-2015 (70,753 shares).
• Ganz disclaims beneficial ownership of shares held by Northeast Industrial Partners LLC, Li Zhang, and the Judith L. Ganz Trust except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to an insider stock sale under a pre-arranged plan. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about the transaction.

Management Comments

• The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of their beneficial ownership for purposes of Section 16 or for any other purpose.

Industry Context

Sales by insiders are a normal part of corporate governance. The use of a 10b5-1 plan suggests the sales were pre-planned and not based on any inside information at the time of the sale.

Comparison to Industry Standards

• Insider sales are common across publicly traded companies.
• The use of 10b5-1 plans is a standard practice to avoid accusations of illegal insider trading.
• Comparing the percentage of shares sold by Bryan Ganz to other CEOs in similar-sized companies would provide a benchmark for assessing the significance of this transaction.

Stakeholder Impact

• The stock sale could have a minor impact on shareholder sentiment, depending on how the market interprets the transaction.
• The sale does not appear to have any direct impact on employees, customers, suppliers, or creditors.

Key Dates