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GrabAGun Digital (NYSE: PEW) CEO sale covers RSU tax withholding

(Neutral)
(Negative)
Form Type
4

Rhea-AI Filing Summary

GrabAGun Digital Holdings president and CEO Marc A. Nemati exercised 16,666 restricted stock units into common stock on July 15, 2026, then on July 16 sold 4,083 shares of Common Stock at $2.57 per share to cover tax withholding obligations under a Rule 10b5-1 trading plan. After these transactions he directly owns 2,548,484 common shares, holds 120,000 shares indirectly through the Nemati Family Trust, and has 133,334 restricted stock units outstanding.

Positive

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Negative

  • None.
Insider Nemati Marc A.
Role President and CEO
Sold 4,083 shs ($10K)
Approx. gross sale proceeds $10K
Type Security Shares Price Value
Sale Common Stock F2 4,083 $2.57 $10K
Exercise Restricted Stock Units F1, F3 16,666 $0.00 $0.00
Exercise Common Stock F1 16,666 -- --
holding Common Stock -- -- --
Holdings After Transaction: Restricted Stock Units — 133,334 shares (Direct); Common Stock — 2,548,484 shares (Direct); Common Stock — 120,000 shares (Indirect, By Nemati Family Trust U/A DTD 01/22/2024)
Footnotes (3)
  1. F1. Each restricted stock unit represents a contingent right to receive without payment one share of common stock of the Issuer.
  2. F2. Represents the number of shares sold by the Reporting Person to cover tax withholding obligations in connection with the issuance of shares related to the restricted stock units that vested on July 15, 2026. The "sell to cover" transactions were effected pursuant to a Rule 10b5-1 trading plan and do not represent discretionary trades by the Reporting Person.
  3. F3. On September 29, 2025, the Reporting Person was granted 200,000 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.
Shares sold to cover taxes 4,083 shares Common Stock sold on July 16, 2026 to cover tax withholding obligations at $2.57 per share
Sale price per share $2.57 Price for the 4,083-share Common Stock sale on July 16, 2026
Shares from RSU conversion 16,666 shares Common Stock received from exercise/conversion of restricted stock units on July 15, 2026
Direct holdings after sale 2,548,484 shares Common Stock directly owned by Marc A. Nemati after the July 16, 2026 sale
Indirect holdings via family trust 120,000 shares Common Stock indirectly owned through the Nemati Family Trust as of July 15, 2026
RSUs remaining outstanding 133,334 units Restricted Stock Units directly held after the July 15, 2026 RSU conversion transaction
Original RSU grant size 200,000 units Restricted stock units granted on September 29, 2025, vesting in 12 equal quarterly increments
Restricted Stock Units financial
"Each restricted stock unit represents a contingent right to receive without payment one share of common stock"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Rule 10b5-1 trading plan financial
"The sell to cover transactions were effected pursuant to a Rule 10b5-1 trading plan"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
sell to cover financial
"Represents the number of shares sold by the Reporting Person to cover tax withholding obligations"
Sell to cover is when a person who receives company stock through options or awards sells just enough shares immediately to pay required taxes, exercise costs, or fees, keeping the rest. Think of it like cashing part of a bonus to cover the tax bill so you can keep the remainder. For investors, it can create predictable small selling pressure and slightly change the number of shares actually held by insiders without increasing long‑term dilution.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

What insider transactions did GrabAGun Digital (PEW) CEO Marc A. Nemati report in July 2026?

Marc A. Nemati exercised 16,666 restricted stock units into common stock on July 15, 2026, then sold 4,083 shares at $2.57 per share on July 16 to cover tax withholding obligations related to that vesting, under a Rule 10b5-1 trading plan.

How many GrabAGun Digital (PEW) shares does Marc Nemati hold after these transactions?

After the July 2026 transactions, Marc A. Nemati directly owns 2,548,484 common shares of GrabAGun Digital, indirectly holds 120,000 shares through the Nemati Family Trust, and has 133,334 restricted stock units remaining outstanding according to the reported RSU balance.

What restricted stock unit grant underlies Marc Nemati’s PEW Form 4 activity?

Footnotes state that on September 29, 2025 Marc A. Nemati was granted 200,000 restricted stock units vesting in 12 equal quarterly increments commencing on July 15, 2025, with the first quarterly vesting occurring on October 15, 2025, forming the basis for ongoing RSU vesting.

Was Marc Nemati’s July 2026 PEW share sale described as discretionary trading?

No. A footnote explains the 4,083-share sale was a sell-to-cover trade for tax withholding on vested RSUs and was effected under a Rule 10b5-1 trading plan, explicitly stating that these transactions "do not represent discretionary trades" by the reporting person.

What derivative securities were exercised in Marc Nemati’s July 2026 PEW filing?

The filing shows 16,666 restricted stock units were converted into an equal number of GrabAGun common shares on July 15, 2026. After this conversion, the reported RSU balance indicates 133,334 restricted stock units remain outstanding in Marc A. Nemati’s direct holdings.
SEC Form 4
FORM 4UNITED 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).
X
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*
Nemati Marc A.

(Last)(First)(Middle)
C/O GRABAGUN DIGITAL HOLDINGS INC.
200 EAST BELTLINE ROAD, SUITE 403

(Street)
COPPELL TEXAS 75019

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
GrabAGun Digital Holdings Inc. [ PEW ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
President and CEO
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
07/15/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Common Stock07/15/2026M16,666A(1)2,552,567D
Common Stock07/16/2026S4,083(2)D$2.572,548,484D
Common Stock120,000IBy Nemati Family Trust U/A DTD 01/22/2024
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units(1)07/15/2026M16,666 (3) (3)Common Stock16,666$0133,334D
Explanation of Responses:
1. Each restricted stock unit represents a contingent right to receive without payment one share of common stock of the Issuer.
2. Represents the number of shares sold by the Reporting Person to cover tax withholding obligations in connection with the issuance of shares related to the restricted stock units that vested on July 15, 2026. The "sell to cover" transactions were effected pursuant to a Rule 10b5-1 trading plan and do not represent discretionary trades by the Reporting Person.
3. On September 29, 2025, the Reporting Person was granted 200,000 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.
/s/ Jonathan Wolens, as attorney-in-fact07/17/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)