Form 4: Byrna Technologies CEO Bryan Ganz Sells Shares Under 10b5-1 Plan
SEC Form 4 Filing
Bryan Ganz, President and CEO of Byrna Technologies, executed multiple sales of common stock between September 20th and September 24th, 2024, under a pre-arranged 10b5-1 trading plan.
Summary
- Bryan Ganz, the President and CEO of Byrna Technologies, reported the sale of company stock.
- The transactions occurred between September 20, 2024, and September 24, 2024.
- The sales were executed under a pre-arranged 10b5-1 trading plan adopted on April 8, 2024.
- On September 20, 2024, 5,495 shares were sold at a weighted average price of $17.4128.
- On September 23, 2024, 1 share was sold at a price of $17.4.
- On September 24, 2024, 32,026 shares were sold at a weighted average price of $17.9765.
- Following these transactions, Mr. Ganz indirectly owns 400,537 shares through Northeast Industrial Partners LLC, 3,800 shares through Li Zhang, and 70,753 shares through the Judith L. Ganz Trust VA 04-23-2015.
- Mr. Ganz also directly owns 880,406 shares of common stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the document simply reports stock sales under a pre-arranged plan. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
Insider trading activity, especially sales, is closely watched by investors as it can provide insights into management's perspective on the company's future prospects. However, sales under a pre-arranged 10b5-1 plan are generally viewed as less informative since they are planned in advance.
Stakeholder Impact
- Shareholders may react to the news of the CEO selling shares, although the existence of a 10b5-1 plan may mitigate concerns.
- The impact on other stakeholders (employees, customers, suppliers, creditors) is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 04/08/2024 | Date of adoption of the 10b5-1 trading plan. |
| 09/20/2024 | Date of first reported transaction (sale of 5,495 shares). |
| 09/23/2024 | Date of second reported transaction (sale of 1 share). |
| 09/24/2024 | Date of third reported transaction (sale of 32,026 shares). |
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