American Outdoor Brands, Inc. Insider Trading Activity

Accepted by SEC EDGAR 07/10/2025 - 09:46 PM EDT Learn about SEC filing dates

Insider Trade Summary

22,404 shares exercised/converted

Exercise 5 txns

Insider Fulmer Hugh Andrew

Role EVP, CFO & Treasurer

Type	Security	Shares	Price	Value
Exercise	Performance Rights	22,404	$0.00	$0.00
Grant/Award	Performance Rights	26,650	$0.00	$0.00
Exercise	Common Stock	22,404	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	6,545	$10.17	$67K
Grant/Award	Common Stock	13,325	$0.00	$0.00

Holdings After Transaction: Performance Rights — 26,650 contracts (Direct); Common Stock — 142,858 shares (Direct)

Footnotes (4)

1. F1. Each performance right represents a contingent right to receive one share of the Issuer's common stock. The performance rights vest based on stock price performance over a three-year performance period. The number of shares to be delivered is the maximum number of shares that may be delivered pursuant to the award.
2. F2. Represents shares of common stock withheld by the Issuer to satisfy certain tax withholding obligations associated with the settlement of performance rights.
3. F3. 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.
4. F4. 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.

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Form 4 Insider Transactions: What Each Field Means →

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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^*

Fulmer Hugh Andrew

(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)
	EVP, CFO & Treasurer

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		M		22,404(1)	A	$0	136,078	D
Common Stock	07/08/2025		F		6,545(2)	D	$10.17	129,533	D
Common Stock	07/08/2025		A		13,325(3)	A	$0	142,858	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	(1)	07/08/2025		M			22,404	(1)	07/08/2025	Common Stock	22,404	(1)	0	D
Performance Rights	(4)	07/08/2025		A		26,650		(4)	07/08/2028	Common Stock	26,650	(4)	26,650	D

Explanation of Responses:

1. Each performance right represents a contingent right to receive one share of the Issuer's common stock. The performance rights vest based on stock price performance over a three-year performance period. The number of shares to be delivered is the maximum number of shares that may be delivered pursuant to the award.

2. Represents shares of common stock withheld by the Issuer to satisfy certain tax withholding obligations associated with the settlement of performance rights.

3. 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.

4. 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.