[Form 4] PSQ Holdings, Inc. Insider Trading Activity

Rhea-AI Filing Summary

PSQ Holdings Director Blake Masters Reports RSU Grant

On June 18, 2025, Blake Masters, a Director of PSQ Holdings (PSQH), received a grant of 71,429 Restricted Stock Units (RSUs) at $0 cost basis. Following this transaction, Masters beneficially owns a total of 183,898 shares of Class A Common Stock held directly.

Key transaction details:

• The RSUs will fully vest on June 18, 2026, contingent upon Masters' continuous service with PSQ Holdings
• Each RSU represents a right to receive one share of Class A common stock ($0.0001 par value)
• The grant was made under the company's 2023 Stock Incentive Plan
• The Form 4 was signed on June 23, 2025, within the required reporting timeframe

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
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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^*

Masters Blake

(Last) (First) (Middle)

C/O PSQ HOLDINGS, INC.

313 DATURA STREET, SUITE 200

(Street)

WEST PALM BEACH FL 33401

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
PSQ Holdings, Inc. [ PSQH ]

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)
06/18/2025

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
Class A Common Stock, par value $0.0001 per share	06/18/2025		A		71,429	A	$0	183,898(1)	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. Certain of the securities reported in Column 5 of Table I are restricted stock units ("RSU"). Each RSU represents a contingent right to receive one share of Class A common stock, par value $0.0001 per share, subject to the applicable vesting schedule and conditions of the applicable RSU award and the Issuer's 2023 Stock Incentive Plan. The 71,429 RSUs included in Column 5 of Table I vest in full on June 18, 2026, subject to the reporting person's continuous service to the Issuer.

	/s/ Blake Masters	06/23/2025
	** 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

How many RSUs did Blake Masters receive from PSQH on June 18, 2025?

Blake Masters received 71,429 restricted stock units (RSUs) from PSQ Holdings, Inc. (PSQH) on June 18, 2025. Each RSU represents a contingent right to receive one share of Class A common stock.

When do Blake Masters' PSQH RSUs vest?

The 71,429 RSUs granted to Blake Masters will vest in full on June 18, 2026, subject to his continuous service to PSQ Holdings, Inc. (PSQH).

What is Blake Masters' role at PSQH?

According to the Form 4 filing, Blake Masters serves as a Director of PSQ Holdings, Inc. (PSQH). This is indicated by the 'X' marked in the Director box under the relationship section.

How many PSQH shares does Blake Masters beneficially own after the RSU grant?

Following the RSU grant, Blake Masters beneficially owns 183,898 shares of PSQH Class A Common Stock directly (indicated by 'D' in the ownership form column). This includes the newly granted RSUs.

What was the purchase price of the PSQH RSUs granted to Blake Masters?

The RSUs were granted to Blake Masters at $0 cost, as indicated in the 'Price' column of Table I in the Form 4 filing.