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Byrna ex-CEO group reports 9.6% stake in BYRN

Former CEO Bryan Scott Ganz’s group reports a 9.6% beneficial stake in BYRN and publicly backs the board’s proposed slate, including new director candidate Matt McBrady.

(Moderate)
(Neutral)
Form Type
SCHEDULE 13D/A

Rhea-AI Filing Summary

Byrna Technologies Inc. (BYRN) received Amendment No. 4 to a Schedule 13D from a group led by former CEO Bryan Scott Ganz, updating their beneficial ownership and board-related intentions. The Reporting Persons are deemed to have voting and dispositive power over 2,296,635 shares of common stock, representing 9.6% of the outstanding shares.

This stake includes common shares held directly by Mr. Ganz, options exercisable within 60 days, and shares held through Northeast Industrial Partners LLC, family trusts, his spouse, and BSG Family Investment LLC, subject to Mr. Ganz’s pecuniary-interest disclaimers. The amendment notes no new transactions since July 28, 2026 and explains that Mr. Ganz supports the Company’s proposed board slate for the upcoming shareholder meeting, including the addition of candidate Matt McBrady, whom he previously recommended.

Positive

  • None.

Negative

  • None.

Filing Explained

The reported 9.6% beneficial stake includes 516,667 shares issuable upon exercise of options within 60 days that the filing says are out of the money, so the percentage includes potential option shares rather than only currently held common stock.

Beneficial ownership 2,296,635 shares Shares of Byrna common stock over which the Reporting Persons are deemed to have voting and dispositive power
Ownership percentage 9.6% Percent of Byrna common stock represented by 2,296,635 shares
Shares outstanding 23,404,754 shares Byrna common shares outstanding as of August 18, 2026, per Proxy Statement
Sole voting and dispositive power 1,500,990 shares Shares over which Bryan S. Ganz has sole voting and dispositive power
Shared voting and dispositive power 795,645 shares Shares over which Bryan S. Ganz has shared voting and dispositive power
Stock options exercisable within 60 days 516,667 shares Common shares issuable upon exercise of Mr. Ganz’s options, all out-of-the-money as of the date
Open market purchase by Mrs. Ganz 8,000 shares at $3.39 Purchase of Byrna common stock on July 17, 2026
RSUs exercised by Mr. Ganz 565,000 shares Restricted stock units exercised on July 24, 2026; no funds expended
beneficially owned financial
"relates to the shares of common stock ... beneficially owned by the Reporting Persons"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
dispositive power financial
"For the number of shares ... over which each Reporting Person has sole power to dispose"
Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.
Schedule 13D regulatory
"This Amendment No. 4 to the statement on ("Amendment No. 4") amends the originally filed"
A Schedule 13D is a legal document that investors file with regulators when they buy a large enough stake in a company to potentially influence its management or decisions. It provides details about the investor’s intention, ownership stake, and plans, helping other investors understand who is gaining control and what their motives might be.
Advisory Agreement financial
"served as a consultant to the issuer for 30 days following his retirement pursuant to an Advisory Agreement"
An advisory agreement is a written contract that spells out the responsibilities, fees and length of time a company hires an outside advisor — such as a financial, strategic or legal consultant — to provide ongoing guidance. For investors, it matters because the agreement sets costs, performance expectations, and any limits or conflicts that can affect a company’s strategy and financial results, similar to seeing the terms of a hired expert before judging their influence.
trailing twelve months financial
"Axon's sales climbed from approximately $200 million in 2017 to more than $3.2 billion in the trailing twelve months"
Trailing twelve months is a rolling measure of a company’s financial performance that adds together the most recent four quarters of results to show how the business has done over the last 12 months, rather than a fixed fiscal year. Investors use it like checking a car’s last 12 months of fuel use to see current efficiency — it highlights recent trends, evens out seasonal swings, and provides an up-to-date basis for comparing and valuing companies.
Joint Filing Agreement regulatory
"1- Joint Filing Agreement https://vvww.sec.gov/Archivesiedgar/data"

FAQ

What percentage of Byrna Technologies Inc. (BYRN) does Bryan Scott Ganz’s group report owning?

The Reporting Persons are deemed to beneficially own 2,296,635 shares of Byrna common stock, representing 9.6% of the outstanding shares, based on 23,404,754 shares outstanding as of August 18, 2026.

How is Bryan Scott Ganz’s 2,296,635-share beneficial stake in BYRN structured?

The 2,296,635 shares consist of 984,323 common shares held by Mr. Ganz, up to 516,667 options exercisable within 60 days, and shares held by NEIP, the 2015 Trust, Mrs. Ganz, and BSG, over which he has varying voting and dispositive power and disclaims ownership except for pecuniary interest.

What is the total number of Byrna (BYRN) shares outstanding used to calculate the 9.6% ownership?

The ownership percentages are calculated using 23,404,754 shares of Byrna common stock outstanding as of August 18, 2026, as reported in the company’s Proxy Statement on Schedule 14A filed on September 2, 2026.

What recent BYRN stock transactions by the Reporting Persons are described in this Schedule 13D/A?

As previously reported, on July 17, 2026 Mrs. Ganz bought 8,000 shares at $3.39, and Mr. Ganz (through an Inherited IRA) bought 44,200 shares at a weighted average of $3.4298. On July 24, 2026 Mr. Ganz exercised 565,000 RSUs with no cash outlay.

What is Bryan Scott Ganz’s current role and relationship to Byrna Technologies Inc. (BYRN)?

Mr. Ganz retired as Byrna’s Chief Executive Officer on March 2, 2026 and then served as a consultant for 30 days under an Advisory Agreement effective March 2, 2026. His principal occupation now is founder and majority shareholder of Northeast Industrial Partners LLC.

How does Bryan Scott Ganz view the BYRN board’s proposed slate, including Matt McBrady?

Mr. Ganz supports the Board’s proposed slate for the upcoming shareholder meeting, consistent with an amendment to his employment agreement. He states he is pleased that the Board added Matt McBrady, one of his recommended candidates, and expresses disappointment that his second suggested candidate was not included.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates





12448X201

(CUSIP Number)
Bryan Scott Ganz
c/o Northeast Industrial Partners LLC, 300 Tradecenter Dr., Suite 7640
Woburn, MA, Zip
01801

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
09/03/2026

(Date of Event Which Requires Filing of This Statement)


If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).




schemaVersion:


SCHEDULE 13D




Comment for Type of Reporting Person:
Consists of (i) 984,323 shares of common stock, par value $0.001, of Byrna Technologies Inc. ("Common Stock") held by Mr. Ganz, (ii) up to 516,667 shares of Common Stock issuable upon exercise of stock options held by Mr. Ganz that are exercisable within 60 days of the date hereof (all of which are "out-of-the-money" as of the date hereof), (iii) 243,859 shares of Common Stock held by Northeast Industrial Partners LLC ("NEIP"), over which Mr. Ganz has shared voting and dispositive power, (iv)70,753 shares of Common Stock held by the Judith L. Ganz Trust VA 04-23-2015, of which Mr. Ganz serves as a trustee (the "2015 Trust"), (v) 11,800 shares of Common Stock held by Li Ganz (fka Li Zhang), Mr. Ganz's wife ("Mrs. Ganz"), and (vi) 469,233 shares of Common Stock held by BSG Family Investment LLC ("BSG"), the sole member of which is the BG 2025 Irrevocable Exempt Trust U/A dated 10/9/2025 (the "2025 Trust"), of which Mr. Ganz has the power to replace the trustee. Mr. Ganz serves as the manager of BSG. Mr. Ganz disclaims beneficial ownership with respect to the shares held by NEIP, the 2015 Trust, the 2025 Trust and Mrs. Ganz, in each case except to the extent of his pecuniary interest therein.


SCHEDULE 13D




Comment for Type of Reporting Person:
Consists of 243,859 shares of Common Stock held by Northeast Industrial Partners LLC.


SCHEDULE 13D




Comment for Type of Reporting Person:
Consists of 70,753 shares of Common Stock held by the Judith L. Ganz Trust VA 04-23-2015, of which Mr. Ganz serves as a trustee.


SCHEDULE 13D




Comment for Type of Reporting Person:
Consists of 11,800 shares of Common Stock held by Mrs. Ganz.


SCHEDULE 13D




Comment for Type of Reporting Person:
Consists of 469,233 shares of Common Stock held by BSG Family Investment LLC.


SCHEDULE 13D




Comment for Type of Reporting Person:
Consists of 469,233 shares of Common Stock held by BSG Family Investment LLC, of which the trust is the sole member.


SCHEDULE 13D


Bryan S. Ganz
Signature:/s/ Bryan Scott Ganz
Name/Title:Bryan Scott Ganz
Date:09/08/2026
Northeast Industrial Partners LLC
Signature:/s/ Bryan Scott Ganz
Name/Title:Manager
Date:09/08/2026
Judith L. Ganz Trust VA 04-23-2105
Signature:/s/ Bryan Scott Ganz
Name/Title:Trustee
Date:09/08/2026
Li Ganz (fka Li Zhang)
Signature:/s/ Li Ganz
Name/Title:Li Ganz
Date:09/08/2026
BSG Family Investment LLC
Signature:/s/ Bryan Scott Ganz
Name/Title:Manager
Date:09/08/2026
BG 2025 Irrevocable Exempt Trust U/A Dated 10/9/2025
Signature:/s/ Stephen Fessler
Name/Title:Trustee
Date:09/08/2026

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