Byrna Technologies Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

STOCK-BASED COMPENSATION (Tables)

STOCK-BASED COMPENSATION (Tables)

3 Months Ended

Feb. 28, 2021

Share-based Payment Arrangement [Abstract]

Schedule of restricted stock unit activity

The following table summarizes the RSU activity during the three months ended February 28, 2021:

	RSUs		Weighted-Average Exercise Price
Outstanding, November 30, 2020		15,735,000		1.55
Granted		—		—
Expired		—		—
Exercised		—		—
Cancelled		—		—
Outstanding, February 28, 2021		15,735,000		1.55
Exercisable, February 28, 2021		—		—

Schedule of stock options valuation assumptions

The assumptions that the Company used to determine the grant-date fair value of stock options granted to employees and non-employees for the three months ended February 28, 2021 were as follows:

Employee and Director (Black-Scholes option pricing model)

Risk free rate		.39	%
Expected dividends		0.00
Expected volatility		113	%
Expected life		3.5 years
Market price of the Company’s common stock on date of grant	$	1.64
Exercise price	$	1.70

Schedule of stock options activity

The following table summarizes option activity under the 2017 and 2020 Plan during the three months ended February 28, 2021:

	Stock		Weighted-Average Exercise Price Per Stock Option
	Options		CDN$			USD$
Outstanding, November 30, 2020 (1)		7,059,667		0.24			0.31
Granted		120,000		2.16			1.70
Exercised		(146,667)		(0.19	)		(0.15	)
Forfeited		(162,500)		(0.24	)		(0.19	)
Outstanding, February 28, 2021 (2)		6,870,500		0.21			0.27
Exercisable, February 28, 2021 (2)		4,870,500		0.24			0.31

(1)

As of November 30, 2020 all options were governed by the 2017 Plan.

(2)

As of February 28, 2021 all options were governed by the 2020 Plan.