[Form 4] DMC Global Inc. Insider Trading Activity

Rhea-AI Filing Summary

DMC Global Inc. (BOOM) director Sharon Spurlin was granted 9,659 shares of common stock on 09/25/2025 as a non‑derivative award. The award was granted at $0, indicating a stock grant rather than a purchase, and the filing reports Spurlin directly beneficially owns 9,659 shares following the transaction.

The award is subject to time‑based vesting: restrictions lapse on the earlier of the first anniversary of the grant or the next annual stockholder meeting, provided that meeting occurs at least 50 weeks after the prior meeting. The Form 4 was signed by Lindsey Rhodes by power of attorney on 09/29/2025.

Positive

• Grant of 9,659 shares aligns the director's interests with shareholders through equity ownership
• Award includes time‑based vesting that promotes short‑term retention (vesting on earlier of one year or next qualifying annual meeting)

Negative

• None.

Insights

Financial Analyst

TL;DR Routine director equity grant of 9,659 shares; modest governance alignment, not disclosed as materially dilutive.

The grant of 9,659 common shares to a director at no cash price is a standard compensation mechanism to align management and board interests with shareholders. The award is time‑vested with a one‑year or next‑meeting vesting condition, which supports retention over the near term. The Form 4 shows direct ownership post grant but provides no aggregate outstanding share or dilution context, limiting assessment of materiality.

Corporate Governance Expert

TL;DR Typical board equity award with time‑based vesting; disclosure is consistent with Section 16 reporting requirements.

The disclosure identifies the reporting person as a director and documents the grant, vesting schedule, and direct beneficial ownership. Vesting tied to either a one‑year anniversary or the next qualifying annual meeting is a common construction to balance retention and shareholder approval timing. The Form 4 is properly executed by power of attorney; no governance irregularities are evident from the filing alone.

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).

1. Name and Address of Reporting Person^*

Spurlin Sharon

(Last) (First) (Middle)

C/O DMC GLOBAL INC.

11800 RIDGE PARKWAY, SUITE 300

(Street)

BROOMFIELD CO 80021

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
DMC Global Inc. [ BOOM ]

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)
09/25/2025

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	09/25/2025		A		9,659(1)	A	$0	9,659	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. The award is subject to time-based vesting restrictions. The restrictions will lapse on the earlier of (i) the first anniversary of the grant date or (ii) the date of the next annual stockholder meeting, so long as that meeting is at least 50 weeks after the prior annual meeting.

Remarks:

	/s/ Lindsey Rhodes, by Power of Attorney	09/29/2025
	** 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

What transaction did Sharon Spurlin report on Form 4 for BOOM?

She reported a grant of 9,659 shares of DMC Global Inc. common stock on 09/25/2025.

At what price were the shares granted in the Form 4 for BOOM?

The Form 4 shows a price of $0, indicating the shares were granted rather than purchased.

What is the vesting schedule for the granted shares reported for BOOM?

The award vests on the earlier of the first anniversary of the grant date or the next annual stockholder meeting, provided that meeting is at least 50 weeks after the prior meeting.

How many BOOM shares does Sharon Spurlin beneficially own after the transaction?

The filing reports she beneficially owns 9,659 shares following the reported transaction.

Who signed the Form 4 filing for the BOOM transaction?

The Form 4 was signed by Lindsey Rhodes by power of attorney on 09/29/2025.