[Form 4] GrabAGun Digital Holdings Inc. Insider Trading Activity

Rhea-AI Filing Summary

Matthew W. Vittitow, Chief Operating Officer and director of GrabAGun Digital Holdings Inc. (PEW), was granted 100,000 restricted stock units (RSUs) on 09/29/2025. Each RSU represents the contingent right to receive one share of common stock and the grant carries a $0 per-share price. The RSUs vest in 12 equal quarterly installments beginning July 15, 2025, with the first quarterly vesting occurring on October 15, 2025, subject to continued service, and were issued under the reporting person’s employment agreement executed in connection with the issuer’s business combination with Colombier Acquisition Corp. II. After the reported transaction the reporting person is shown as beneficially owning 100,000 shares on a direct basis.

Positive

• Grant of 100,000 RSUs to the COO and director is disclosed
• Vesting schedule specified: 12 equal quarterly installments beginning July 15, 2025 with first vesting Oct 15, 2025
• RSUs defined as contingent rights to receive one share each and issued under the employment agreement tied to the business combination

Negative

• None.

Insights

Securities Compensation Analyst

TL;DR: A routine executive equity grant: 100,000 RSUs vesting quarterly, tied to service and prior transaction agreements.

This grant represents standard equity compensation to an executive who also serves as a director. The award is documented as 100,000 RSUs at a $0 per-share price, with vesting spread over 12 quarterly installments beginning July 15, 2025. The RSUs are described as contingent rights to receive one share each and were issued under the reporting person’s employment agreement tied to the company’s business combination. The Form 4 reports the reporting person as directly beneficially owning 100,000 shares following the grant. This filing appears to be a non-disposal, non-sale compensation grant rather than a market transaction.

Corporate Governance Expert

TL;DR: Governance disclosure shows executive compensation via RSUs granted under employment agreement related to the business combination.

The disclosure clearly identifies the recipient as both an officer (COO) and a director and links the RSU award to an employment agreement executed in connection with the issuer’s business combination with Colombier Acquisition Corp. II. Vesting is time-based in equal quarterly increments and conditioned on continued service. The Form 4 provides the nature and mechanics of the award (one RSU equals one share upon settlement) and reports direct beneficial ownership of 100,000 shares following the grant. The filing is concise and focuses on the compensation grant mechanics rather than performance-based vesting conditions.

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^*

Vittitow Matthew W.

(Last) (First) (Middle)

C/O GRABAGUN DIGITAL HOLDINGS INC.

200 EAST BELTLINE ROAD, SUITE 403

(Street)

COPPELL TX 75019

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
GrabAGun Digital Holdings Inc. [ PEW ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
09/29/2025

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

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
Restricted Stock Units	(1)	09/29/2025		A		100,000		(2)	(2)	Common Stock	100,000	$0	100,000	D

Explanation of Responses:

1. Each restricted stock unit represents a contingent right to receive one share of common stock of the Issuer.

2. The restricted stock units vest in 12 equal quarterly increments commencing on July 15, 2025 (with the first quarterly vesting occurring on October 15, 2025), subject to the Reporting Person continuing to provide services to the Issuer through the relevant vesting date and were granted under the employment agreement between the Reporting Person and the Issuer entered into in connection with the Issuer's business combination with Colombier Acquisition Corp. II.

	/s/ Marc Nemati, as attorney-in-fact	09/30/2025
	** 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 insider activity did GrabAGun Digital Holdings Inc. (PEW) report?

The company reported a grant of 100,000 restricted stock units (RSUs) to Matthew W. Vittitow, COO and director, on 09/29/2025.

How do the RSUs granted to the reporting person vest?

The RSUs vest in 12 equal quarterly increments commencing on July 15, 2025, with the first quarterly vesting on October 15, 2025, subject to continued service.

What does each RSU represent in the Form 4 for PEW?

Each restricted stock unit represents a contingent right to receive one share of the issuer's common stock.

What is the reported beneficial ownership after the transaction for the officer?

The Form 4 shows the reporting person as directly beneficially owning 100,000 shares following the reported transaction.

Under what agreement were the RSUs granted?

The RSUs were granted under the reporting person’s employment agreement entered into in connection with the issuer’s business combination with Colombier Acquisition Corp. II.