GrabAGun (PEW) CFO reports RSU vesting and 2.5M indirectly held shares

Rhea-AI Filing Summary

GrabAGun Digital Holdings Inc. Chief Financial Officer Justin C. Hilty reported the vesting of restricted stock units (RSUs) into common stock and updated his share holdings. On October 15, 2025, 8,333 RSUs were converted to 8,333 shares of common stock at a price of $0, leaving 8,333 common shares directly held afterward. On January 15, 2026, another 8,333 RSUs converted into 8,333 common shares at $0, increasing his directly held common stock to 16,666 shares.

The RSUs come from a grant of 100,000 units awarded on September 29, 2025, scheduled to vest in 12 equal quarterly increments commencing on July 15, 2025, with the first quarterly vesting on October 15, 2025. Following these transactions, Hilty reports 83,334 RSUs still directly beneficially owned. In addition, 2,500,000 shares of common stock are reported as indirectly owned through Hilty Holdings, Ltd., a family limited partnership.

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^*

Hilty Justin C.

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
10/15/2025

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	10/15/2025		M		8,333	A	(1)	8,333	D
Common Stock	01/15/2026		M		8,333	A	(1)	16,666	D
Common Stock								2,500,000(2)	I	By Hilty Holdings, Ltd.

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)	10/15/2025		M			8,333	(3)	(3)	Common Stock	8,333	$0	91,667	D
Restricted Stock Units	(1)	01/15/2026		M			8,333	(3)	(3)	Common Stock	8,333	$0	83,334	D

Explanation of Responses:

1. Restricted stock units convert into common stock on a one-for-one basis.

2. Represents shares of common stock previously transferred to a family limited partnership in transactions exempt from Section 16 pursuant to Rule 16a-13.

3. On September 29, 2025, the Reporting Person was granted 100,000 restricted stock units that vest in 12 equal quarterly increments commencing on July 15, 2025, with the first quarterly vesting occurring on October 15, 2025.

Remarks:

Exhibit List - Exhibit 24 (Power of Attorney)

	/s/ Jonathan Wolens, as attorney-in-fact	01/16/2026
	** 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).
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 (PEW) report for its CFO?

The Chief Financial Officer, Justin C. Hilty, reported the vesting and conversion of two blocks of 8,333 restricted stock units each into common stock, along with his updated direct and indirect share holdings.

How many GrabAGun (PEW) shares does the CFO now hold directly?

After the reported RSU conversions, the CFO directly owns 16,666 shares of common stock of GrabAGun Digital Holdings Inc.

What is the size and structure of the CFO’s RSU grant at GrabAGun (PEW)?

On September 29, 2025, the CFO was granted 100,000 restricted stock units, which vest in 12 equal quarterly increments commencing on July 15, 2025, with the first quarterly vesting occurring on October 15, 2025.

How many restricted stock units does the GrabAGun (PEW) CFO still hold?

Following the reported vesting events, the CFO beneficially owns 83,334 restricted stock units that can convert into common stock on a one-for-one basis.

Does the GrabAGun (PEW) CFO have any indirect ownership of company shares?

Yes. The filing reports 2,500,000 shares of common stock indirectly owned through Hilty Holdings, Ltd., which is described as a family limited partnership.

At what price were the RSUs converted into GrabAGun (PEW) common stock?

Both RSU conversions on October 15, 2025 and January 15, 2026 were reported at a price of $0 per share for the underlying restricted stock units.