Director of Axil Brands (NASDAQ: AXIL) granted 5,000 restricted shares

Rhea-AI Filing Summary

Axil Brands, Inc. director Thomas Penna reported receiving a grant of common stock as compensation. On January 15, 2026, Penna acquired 5,000 shares of restricted common stock at a price of $0.00 per share, reflecting a stock-based award rather than a cash purchase. According to the filing, these restricted shares will vest on January 15, 2027, meaning they are subject to a one-year vesting period.

Following this grant, Penna beneficially owns 23,000 shares of Axil Brands common stock in total, held directly. The transaction is reported as non-employee director compensation, highlighting that the company is using equity awards to align director interests with shareholders over time.

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

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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^*

Penna Thomas

(Last) (First) (Middle)

C/O AXIL BRANDS, INC.

9150 WILSHIRE BOULEVARD, UNIT 245

(Street)

BEVERLY HILLS CA 90212

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Axil Brands, Inc. [ AXIL ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
01/15/2026

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	01/15/2026		A		5,000(1)	A	$0.00	23,000	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

Explanation of Responses:

1. Represents shares of restricted stock, which will vest on January 15, 2027 and were granted as non-employee director compensation.

	/s/ Jeff Brown, as Attorney-in-Fact	01/20/2026
	** 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).
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FAQ

What insider transaction did AXIL director Thomas Penna report?

Director Thomas Penna reported receiving 5,000 shares of Axil Brands, Inc. common stock on January 15, 2026 as a stock-based award priced at $0.00 per share.

How many Axil Brands (AXIL) shares does Thomas Penna own after this Form 4?

After the reported transaction, Thomas Penna beneficially owns 23,000 shares of Axil Brands, Inc. common stock, held directly.

What type of shares did Thomas Penna receive from Axil Brands (AXIL)?

The filing states Penna received restricted stock in Axil Brands, Inc., totaling 5,000 shares of common stock as non-employee director compensation.

When do the restricted AXIL shares granted to Thomas Penna vest?

The 5,000 restricted shares granted to Thomas Penna will vest on January 15, 2027, subject to the vesting terms described.

Was cash paid for the 5,000 Axil Brands (AXIL) shares reported in this Form 4?

No cash was paid for these shares; the reported transaction price is $0.00 per share, indicating they were granted as non-employee director compensation.