SCHEDULE 13G/A: FMR LLC and Abigail P. Johnson Disclose 9.0% Passive Stake in Byrna Technologies Inc.
Beneficial Ownership Statement
FMR LLC and Abigail P. Johnson have jointly filed an amended Schedule 13G, reporting a 9.0% beneficial ownership stake in Byrna Technologies Inc. as of December 31, 2024.
Summary
- FMR LLC and Abigail P. Johnson jointly reported beneficial ownership of 2,021,493.19 shares of Byrna Technologies Inc. common stock.
- This ownership represents 9.0% of the total outstanding common stock of Byrna Technologies Inc.
- The filing is an Amendment No. 1 to a Schedule 13G, indicating an update to a previously filed statement.
- The shares were acquired and are held in the ordinary course of business, without the purpose or effect of changing or influencing control of Byrna Technologies Inc.
- FMR LLC holds sole voting power over 2,021,236.00 shares and sole dispositive power over 2,021,493.19 shares.
- Abigail P. Johnson holds sole dispositive power over 2,021,493.19 shares.
- Fidelity Management & Research Company LLC, a subsidiary of FMR LLC, is identified as an entity that beneficially owns 5% or greater of the outstanding shares.
- Abigail P. Johnson is a Director, Chairman, and Chief Executive Officer of FMR LLC, and is part of the Johnson family group which controls FMR LLC.
Sentiment
Score: 7
Explanation: The filing indicates a significant, passive investment by a major institutional investor, suggesting confidence in the company without any intent to influence control. This is generally a positive signal for the issuer, though the document itself is purely factual about ownership and does not contain performance or operational details.
Positives
- A significant institutional investor, FMR LLC, and its leadership, Abigail P. Johnson, hold a substantial passive stake (9.0%), which can be interpreted as a vote of confidence in Byrna Technologies Inc.'s long-term prospects.
- The filing explicitly states that the shares are held in the ordinary course of business and not for the purpose of influencing control, suggesting a stable, non-activist investment.
Future Outlook
NA
Management Comments
- "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11."
Industry Context
This filing is a standard disclosure of a significant passive ownership stake by a major asset manager. It does not provide specific industry context for Byrna Technologies Inc. beyond indicating that a large investment firm sees value in holding its stock.
Stakeholder Impact
- Shareholders: The disclosure of a significant passive stake by a reputable institutional investor like FMR LLC could be viewed positively, potentially increasing investor confidence and stability in the stock.
Key Dates
| Date | Description |
|---|---|
| 2023-01-03 | Effective date of Power of Attorney for FMR LLC and its direct and indirect subsidiaries, authorizing Stephanie J. Brown to sign on their behalf. |
| 2023-01-10 | Date of the Schedule 13G filing by FMR LLC (accession number -23-000003) where FMR LLC's Power of Attorney was incorporated by reference. |
| 2023-01-26 | Effective date of Power of Attorney for Abigail P. Johnson, authorizing Stephanie J. Brown to sign on her behalf. |
| 2023-01-31 | Date of the Schedule 13G filing by FMR LLC (accession number -23-000038) where Abigail P. Johnson's Power of Attorney was incorporated by reference. |
| 2024-12-31 | Date of the event which requires the filing of this statement (reporting period end date). |
| 2025-02-11 | Date of filing of this Schedule 13G Amendment No. 1. |
Keywords
Byrna Technologies Inc., FMR LLC, Abigail P. Johnson, Schedule 13G, Beneficial Ownership, Common Stock, Passive Investment, Institutional Investor, SEC Filing
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.