Form 4: Byrna Technologies Corporate Secretary Lisa Wager Sells Shares
SEC Filing Form 4
Lisa Wager, Corporate Secretary and CGO of Byrna Technologies Inc., sold 22,500 shares of common stock on September 4th and 5th, 2024, under a pre-arranged 10b5-1 trading plan.
Summary
- On September 4, 2024, Lisa Wager, the Corporate Secretary and CGO of Byrna Technologies Inc., sold 20,000 shares of common stock at a weighted average price of $13.50 per share.
- The sales occurred in multiple transactions with prices ranging from $13.00 to $14.005.
- On September 5, 2024, Wager sold an additional 2,500 shares at a weighted average price of $15.0773 per share.
- These sales also occurred in multiple transactions, with prices ranging from $15.02 to $15.09427.
- The transactions were executed under a 10b5-1 trading plan adopted on February 21, 2024.
- Following these transactions, Wager directly owns 227,055 shares of Byrna Technologies Inc.
- The reporting person has undertaken to provide full information regarding each transaction upon request by the SEC, the issuer, or a security holder of the issuer.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports stock sales under a pre-existing 10b5-1 plan. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
Insider sales are a common occurrence and are often viewed in the context of the individual's financial planning. The use of a 10b5-1 plan suggests the sales were pre-planned and not based on any specific non-public information.
Stakeholder Impact
- The stock sale by a company officer could be perceived negatively by some shareholders, although the existence of a 10b5-1 plan mitigates this concern.
Key Dates
| Date | Description |
|---|---|
| 2024-02-21 | Date of adoption of the 10b5-1 trading plan. |
| 2024-09-04 | Date of first stock sale (20,000 shares). |
| 2024-09-05 | Date of second stock sale (2,500 shares). |
| 2024-09-06 | Date of signature on the Form 4 filing. |
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