Sportsman’s Warehouse (SPWH) CEO granted 434,783 RSUs, 28,598 withheld

Rhea-AI Filing Summary

SPORTSMAN'S WAREHOUSE HOLDINGS, INC. President and CEO Paul Stone reported compensation-related stock transactions. He received a grant of 434,783 shares of common stock on March 25, 2026 at $0.00 per share, representing restricted stock units that vest in three equal installments from March 25, 2027 through March 25, 2029, subject to continued employment.

On March 26, 2026, 28,598 shares of common stock at $1.34 per share were withheld by the company to cover tax obligations tied to vesting of previously granted restricted stock units under Rule 16b‑3. After these transactions, Stone directly owned 1,472,216 shares of common stock.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Stone Paul

Role PRESIDENT AND CEO

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	28,598	$1.34	$38K
Grant/Award	Common Stock	434,783	$0.00	--

Holdings After Transaction: Common Stock — 1,472,216 shares (Direct)

Footnotes (1)

1. Reflects the grant of restricted stock units by the Issuer to the Reporting Person on March 25, 2026. The restricted stock units are scheduled to vest in three equal installments on March 25, 2027, March 25, 2028, and March 25, 2029, subject to the Reporting Person's continued employment with the Issuer. Each restricted stock unit represents the right to receive one share of the Issuer's common stock. Includes 3,376 shares acquired on January 6, 2026 under Sportsman's Warehouse Holdings, Inc. Amended and Restated Employee Stock Purchase Plan. Represents shares withheld by the Issuer in accordance with Rule 16b-3 to satisfy tax withholding obligations in connection with the vesting of restricted stock units previously granted to the Reporting Person. Includes (i) 110,032 restricted stock units scheduled to vest in one installment on November 1, 2026, (ii) 269,687 restricted stock units scheduled to vest in two substantially equal installments on April 1, 2026 and April 1, 2027, (iii) 83,074 restricted stock units scheduled to vest in two substantially equal installments on May 1, 2026 and May 1, 2027, (iv) 133,333 restricted stock units scheduled to vest in two substantially equal installments on March 26, 2027 and March 26, 2028, and (v) 434,783 restricted stock units scheduled to vest in three substantially equal installments on March 25, 2027, March 25, 2028, and March 25, 2029, in each case subject to the Reporting Person's continued employment with the Issuer. Each restricted stock unit represents the right to receive one share of the Issuer's common stock.

Form 4 Insider Transactions: What Each Field Means →

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^*

Stone Paul

(Last) (First) (Middle)

C/O SPORTSMAN'S WAREHOUSE HOLDINGS,

1475 WEST 9000 SOUTH SUITE A

(Street)

WEST JORDAN UTAH 84088

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
SPORTSMAN'S WAREHOUSE HOLDINGS, INC. [ SPWH ]

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

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	PRESIDENT AND CEO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/25/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/25/2026		A		434,783(1)	A	$0	1,500,814(2)	D
Common Stock	03/26/2026		F		28,598(3)	D	$1.34	1,472,216(4)	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. Reflects the grant of restricted stock units by the Issuer to the Reporting Person on March 25, 2026. The restricted stock units are scheduled to vest in three equal installments on March 25, 2027, March 25, 2028, and March 25, 2029, subject to the Reporting Person's continued employment with the Issuer. Each restricted stock unit represents the right to receive one share of the Issuer's common stock.

2. Includes 3,376 shares acquired on January 6, 2026 under Sportsman's Warehouse Holdings, Inc. Amended and Restated Employee Stock Purchase Plan.

3. Represents shares withheld by the Issuer in accordance with Rule 16b-3 to satisfy tax withholding obligations in connection with the vesting of restricted stock units previously granted to the Reporting Person.

4. Includes (i) 110,032 restricted stock units scheduled to vest in one installment on November 1, 2026, (ii) 269,687 restricted stock units scheduled to vest in two substantially equal installments on April 1, 2026 and April 1, 2027, (iii) 83,074 restricted stock units scheduled to vest in two substantially equal installments on May 1, 2026 and May 1, 2027, (iv) 133,333 restricted stock units scheduled to vest in two substantially equal installments on March 26, 2027 and March 26, 2028, and (v) 434,783 restricted stock units scheduled to vest in three substantially equal installments on March 25, 2027, March 25, 2028, and March 25, 2029, in each case subject to the Reporting Person's continued employment with the Issuer. Each restricted stock unit represents the right to receive one share of the Issuer's common stock.

	/s/ Jennifer Fall Jung, Attorney-in-Fact	03/27/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transactions did SPWH CEO Paul Stone report in this Form 4?

Paul Stone reported a grant of 434,783 shares of common stock on March 25, 2026 and a withholding of 28,598 shares on March 26, 2026 to cover tax obligations linked to restricted stock unit vesting.

Was the SPWH CEO’s March 26, 2026 Form 4 transaction a market sale?

No. The 28,598 shares on March 26, 2026 were withheld by the issuer at $1.34 per share to satisfy tax withholding obligations on vesting restricted stock units, rather than an open‑market sale initiated by the CEO.

How many SPWH shares did CEO Paul Stone hold after these transactions?

After the reported transactions, Paul Stone directly held 1,472,216 shares of Sportsman’s Warehouse common stock. This figure reflects both the 434,783‑share grant and the 28,598‑share tax withholding disposition reported in the Form 4 filing.

What are the vesting terms of the 434,783 SPWH restricted stock units granted to the CEO?

The 434,783 restricted stock units granted on March 25, 2026 are scheduled to vest in three equal installments on March 25, 2027, March 25, 2028, and March 25, 2029, conditioned on Paul Stone’s continued employment with the company.

How do previously granted restricted stock units factor into SPWH CEO Paul Stone’s holdings?

Footnotes indicate Paul Stone’s holdings include multiple blocks of restricted stock units with vesting dates in 2026–2028. Each unit entitles him to receive one share of common stock upon vesting, assuming he remains employed by Sportsman’s Warehouse.

Did SPWH CEO Paul Stone purchase any shares on the open market in this Form 4?

No open‑market purchases are reported. The Form 4 shows a grant of 434,783 shares as compensation and a tax‑withholding disposition of 28,598 shares, both categorized as non‑derivative transactions, with no open‑market buying or selling activity disclosed.