Outdoor Holding Co (POWW) reported that its Chief Financial Officer, Paul Joseph Kasowski, received a grant of 25,000 shares of common stock on August 17, 2026 as quarterly compensation, for which he paid no consideration. On the same date, 6,088 shares of common stock were withheld at $2.24 per share by the company to satisfy tax withholding obligations arising from this award. The transactions are marked as occurring under a Rule 10b5-1 trading plan.
Outdoor Holding Co’s largest insider group, led by Steven F. Urvan, updated its ownership disclosure, now jointly filed by Urvan, GDI Air III LLC and UFO LLC. Urvan is the Issuer’s Chief Executive Officer and Chairman and is the grantor and investment trust adviser of the 50 X 50 Trust, which ultimately owns GDI Air and UFO.
Urvan reports beneficial ownership of 37,358,366 shares of common stock, or 27.5% of the class, including 135,509 shares held directly and 37,222,857 shares held through UFO and GDI Air. UFO reports beneficial ownership of 37,222,857 shares (27.4%), while GDI Air reports 20,000,000 shares (14.7%), all underlying two warrants.
The ownership includes 7,000,000 shares underlying “Warrant No. 1” and 13,000,000 shares underlying “Warrant No. 2,” each exercisable within sixty days of the July 19, 2026 event date. Warrant No. 2 arose when the company exercised a prepayment option on a $39.0 million unsecured note, satisfying all obligations under that note in exchange for the warrant at a $1.00 per-share exercise price.
UFO, LLC filed an initial ownership report as a significant shareholder of Outdoor Holding Co (POWW). The filing lists a direct holding of 16,000,000 shares of Common Stock. This is a status report of existing ownership, with no new buy or sell transactions reported.
GDI Air III, LLC, a more-than-10% owner of Outdoor Holding Co, reported its initial beneficial ownership. The entity holds warrants to acquire Outdoor Holding Co common stock, including warrants exercisable at $1.81 per share for 7,000,000 underlying shares and additional warrants exercisable at $1.00 per share for 13,000,000 underlying shares, with expirations in 2030.
Outdoor Holding Co reports that CEO and 10% owner Steven F. Urvan, through GDI Air III LLC, received two indirect warrant grants to buy common stock. One grant covers 13,000,000 warrants at an exercise price of $1.00 per share, exercisable from September 17, 2026 and expiring September 17, 2030. A second grant covers 7,000,000 warrants at $1.81 per share, exercisable from November 30, 2025 and expiring May 30, 2030. Urvan also reports 135,509 shares of common stock held directly and 17,222,857 shares held indirectly through UFO LLC. Footnotes state these interests are held via trust-owned entities and that Urvan disclaims beneficial ownership beyond his pecuniary interest.
Outdoor Holding Company is asking stockholders to vote at the virtual 2026 annual meeting on September 28, 2026 at 12:00 p.m. Eastern Time. Common stockholders of record on August 17, 2026 may vote on four items: electing five directors for terms lasting until the 2027 meeting, ratifying Grant Thornton LLP as auditor for the year ending March 31, 2027, approving a redomestication from Delaware to Texas by conversion (including a Plan of Conversion), and authorizing potential adjournment if additional proxies are needed to approve the redomestication.
The company owns the GunBroker.com online marketplace, serving firearms and outdoor sports users. It reports recent platform investments including Master FFL integration to automate dealer verification, an AI-powered listing tool, user‑interface upgrades, expanded payments and shipping options, compliance and security enhancements, and additional analytics and content services.
Governance disclosures describe a five‑member board with four independent directors and standard audit, compensation, and nominating committees. Detailed related‑party information highlights a 2025 settlement with CEO and Chairman Steven Urvan that included $51.0 million in notes and warrants to purchase 20.0 million shares, contributing to his reported beneficial ownership of 37,373,366 shares, or 27.4% of common stock.
Outdoor Holding Company reported a strong fiscal first quarter ended June 30, 2026, highlighted by a return to profitability and robust top-line growth. Net revenues rose 22.1% to $14.5 million, while gross profit increased to $12.2 million with an 84.5% margin. Operating expenses declined 45.3% to $8.9 million, driven by the resolution of legacy legal matters and cost discipline, resulting in income from operations of $3.3 million versus a prior loss.
Net income from continuing operations reached $3.6 million, compared with a loss of $5.9 million a year earlier, and Adjusted EBITDA increased to $7.9 million, or 54.6% of net revenues. GunBroker.com’s GMV grew 18.1% to approximately $223.7 million, take rate improved to 6.47%, and operating cash flow improved by $11.1 million to $4.4 million. The company ended the quarter with $68.8 million of cash and cash equivalents and repurchased just over 1 million shares for $2.0 million.
The board also approved amended and restated bylaws effective August 5, 2026, adding advance notice procedures, addressing universal proxy rules, refining special-meeting and board-vacancy mechanics, adopting an exclusive forum provision, and updating governance and indemnification provisions in line with Delaware law.
Outdoor Holding Company reported stronger results for the quarter ended June 30, 2026 as it operates solely as the GunBroker online marketplace. Net revenues were $14,480,654, up from $11,857,376 a year earlier, with gross profit of $12,242,826. Operating expenses fell sharply to $8,947,021 from $16,345,653, driving income from operations of $3,295,805 versus a prior loss.
Net income from continuing operations was $3,574,061, compared with a loss of $5,862,693, and net income attributable to common shareholders was $2,808,436, or $0.02 per diluted share. Cash and cash equivalents totaled $68,777,371 and total liabilities were $28,619,029 against shareholders’ equity of $235,954,979. The company repurchased 1,020,004 common shares for about $2.0 million and ended the period with no outstanding bank revolver and related-party notes payable of $9,866,783. An SEC investigation into past accounting and disclosure issues was settled without civil penalties, and management reports completion of required internal control remediation work.
Outdoor Holding Company changed its independent auditor. On June 26, 2026, the Audit Committee dismissed WithumSmith+Brown, PC as independent registered public accounting firm after completion of the audit for the fiscal year ended March 31, 2026.
Withum’s audit report for that year contained no adverse opinion, disclaimer of opinion, or qualifications related to uncertainty, scope, or accounting principles, and the company reports no disagreements or reportable events during the period. The Audit Committee engaged Grant Thornton LLP as the new independent auditor for the fiscal year ending March 31, 2027, and notes that the company had not previously consulted Grant Thornton on accounting or auditing matters. A confirming letter from Withum dated June 29, 2026 is filed as an exhibit.
Outdoor Holding Company reported sharply improved results for its fourth quarter and fiscal year ended March 31, 2026. Fourth‑quarter revenue rose 10.1% to $13.9 million, while loss from continuing operations narrowed to $2.7 million from $27.0 million, and Adjusted EBITDA increased to $7.7 million from $2.9 million.
For fiscal 2026, net revenues grew to $51.1 million from $49.4 million, with loss from continuing operations reduced to $4.9 million from $65.2 million and Adjusted EBITDA rising to $22.3 million from $15.3 million. The company generated positive operating cash flow, ended the year with $68.1 million in cash versus $30.2 million a year earlier, repurchased over 500,000 shares, cut operating expenses roughly in half, resolved major legal matters, and continued investing in GunBroker.com platform enhancements and AI initiatives.