Form 4: Byrna Technologies Inc. Director Herbert Hughes Sells Shares Under 10b5-1 Plan

Director Herbert Hughes sold 6,500 shares of Byrna Technologies Inc. common stock at an average price of $15.0843 per share on September 5, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• On September 5, 2024, Herbert Hughes, a director of Byrna Technologies Inc., sold 6,500 shares of common stock.
• The sale was executed at a weighted average price of $15.0843 per share, with individual transactions ranging from $15.08 to $15.09431.
• The transaction was conducted under a 10b5-1 trading plan adopted on February 21, 2024.
• Following the reported transaction, Hughes directly owns 122,089 shares of Byrna Technologies Inc.
• The sale was reported on a Form 4 filing with the Securities and Exchange Commission (SEC).

Sentiment

Score: 5

Explanation: The sentiment is neutral as it reports a routine stock sale under a pre-existing plan. It doesn't inherently indicate positive or negative sentiment towards the company.

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 specific inside information.

Stakeholder Impact

• The sale of shares by a director could have a minor negative impact on shareholder sentiment, although the use of a 10b5-1 plan mitigates this concern.

Key Dates