[Form 4] American Outdoor Brands, Inc. Insider Trading Activity

Rhea-AI Filing Summary

American Outdoor Brands, Inc. (AOUT) – Form 4 insider filing (10 July 2025)

Chief Product Officer James Earl Tayon reported an equity award dated 8 July 2025. The grant comprises:

• 8,217 restricted stock units (RSUs) of common stock acquired at $0. Post-grant direct ownership rises to 51,318 shares.
• 16,434 performance rights (maximum payout equals 2× target shares). Vesting depends on cumulative adjusted EBITDA and average ROIC over a three-year period; expiry set for 8 July 2028.

The RSUs vest in three equal instalments on 9 Jul 2026, 1 May 2027, and 1 May 2028. No shares were sold; the transaction reflects routine executive compensation designed to align management incentives with long-term shareholder value.

Positive

• No insider sales; the executive only received additional shares, avoiding negative sentiment.
• Performance-based vesting ties compensation to EBITDA and ROIC, encouraging long-term value creation.

Negative

• None.

Insights

Equity Compensation Analyst

TL;DR: Routine equity grant; modest alignment signal, minimal near-term price impact.

The filing records standard incentive awards rather than open-market buying. RSUs increase the executive’s direct stake by just over 8 k shares, taking his holdings to ~51 k. Performance rights, contingent on three-year EBITDA/ROIC goals, link pay to value creation but deliver no guaranteed shares today. The absence of sales avoids negative optics, yet the <$1 m notional value is immaterial to AOUT’s float. Overall, the filing is neutral-to-slightly-positive for governance but unlikely to move the stock.

Small-Cap Portfolio Manager

TL;DR: Incentive award shows commitment, but size is too small to alter thesis.

At roughly 0.4% of AOUT’s shares outstanding, the new awards do not meaningfully change insider ownership levels. Because the transaction is compensation-driven and cost-free, it lacks the conviction signal of a market purchase. Still, performance-based vesting tied to profitability and ROIC is shareholder-friendly. I classify the disclosure as not impactful for valuation or liquidity.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Tayon James Earl

(Last) (First) (Middle)

1800 N ROUTE Z

(Street)

COLUMBIA MO 65202

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
American Outdoor Brands, Inc. [ AOUT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Product Officer

3. Date of Earliest Transaction (Month/Day/Year)
07/08/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	07/08/2025		A		8,217(1)	A	$0	51,318	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Performance Rights	(2)	07/08/2025		A		16,434		(2)	07/08/2028	Common Stock	16,434	(2)	16,434	D

Explanation of Responses:

1. One third of the restricted stock units shall vest and be delivered, net of withholding, on July 9, 2026, May 1, 2027, and May 1, 2028.

2. Each performance right represents a contingent right to receive one share of the issuer's stock. The performance rights vest based on cumulative adjusted EBITDA and average return on invested capital metrics over a three-year performance period. The number represents the maximum number of shares that may be delivered pursuant to the award, which is two times the target number of shares.

Remarks:

	/s/ Seth A. Christensen, as Attorney-in-Fact	07/10/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

How many American Outdoor Brands (AOUT) shares did the CPO acquire?

James Earl Tayon received 8,217 RSUs and 16,434 performance rights on 8 Jul 2025.

Did the insider sell any AOUT stock?

No. The Form 4 reports only acquisitions; no shares were sold.

When will the RSUs granted to the CPO vest?

The RSUs vest in three equal tranches on 9 Jul 2026, 1 May 2027, and 1 May 2028.

What metrics determine the performance rights vesting?

Vesting hinges on cumulative adjusted EBITDA and average ROIC over a three-year performance period.

What is the total direct ownership of the CPO after the grant?

Following the transaction, the executive directly owns 51,318 AOUT common shares.

Do the performance rights expire?

Yes. Unvested rights expire on 8 Jul 2028.