Form 4: Byrna Technologies Inc. Director Herbert Hughes Sells Shares Under 10b5-1 Plan
SEC Form 4 Filing
Herbert Hughes, Chairman of the Board at Byrna Technologies Inc., sold 8,836 shares of common stock at an average price of $11.1571 under a pre-arranged 10b5-1 trading plan.
Summary
- On May 21, 2024, Herbert Hughes, Chairman of the Board at Byrna Technologies Inc., sold 8,836 shares of common stock.
- The sale was executed under a 10b5-1 trading plan adopted on February 21, 2024.
- The shares were sold in multiple transactions at prices ranging from $10.91 to $11.49, with a weighted average price of $11.1571.
- Following the transaction, Hughes directly owns 128,589 shares of Byrna Technologies Inc.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting an insider stock sale under a pre-arranged plan. It doesn't inherently convey positive or negative sentiment.
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.
Stakeholder Impact
- The sale of shares by a director could be perceived negatively by some shareholders, but the existence of a 10b5-1 plan mitigates this concern.
Key Dates
| Date | Description |
|---|---|
| February 21, 2024 | Date the 10b5-1 plan was adopted. |
| May 21, 2024 | Date of the stock sale transaction. |
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