[Form 4] SMITH & WESSON BRANDS, INC. Insider Trading Activity

Rhea-AI Filing Summary

Insider acquisition via RSU vesting: Director Anita D. Britt was reported as acquiring 12,711 shares of Smith & Wesson Brands, Inc. common stock on 09/15/2025 through the vesting of restricted stock units, recorded at a price of $0. After this transaction she beneficially owns 68,029 shares. The filing explains the RSU award vests 1/12th on the 15th of each month following grant and that 100% of vested shares will be delivered on the one-year anniversary of grant. The Form 4 was signed by an attorney-in-fact on 09/17/2025.

Positive

• Director acquired 12,711 shares through RSU vesting, increasing beneficial ownership to 68,029 shares
• RSU vesting schedule disclosed: 1/12th vests monthly and vested shares are delivered on the one-year anniversary, clarifying timing of share delivery
• Alignment with shareholders: Equity delivery to a director reinforces incentives that tie board interests to shareholder value

Negative

• None.

Insights

Financial Analyst

TL;DR: A director received 12,711 shares via scheduled RSU vesting, modestly increasing insider ownership to 68,029 shares.

The transaction is a non-cash vesting of restricted stock units rather than an open-market purchase, recorded at $0 because shares are delivered on vesting. This increases the director's beneficial stake and aligns management and board incentives with shareholders. The size of the grant relative to total share count is not provided in the filing, so the absolute materiality to valuation cannot be determined from this document alone.

Corporate Governance Expert

TL;DR: Routine compensatory RSU vesting for a director; reflects standard equity-based alignment, not an extraordinary governance event.

The filing discloses the vesting cadence (1/12th monthly with delivery one year after grant) and confirms director status of the reporting person. This is a typical compensation mechanism for non-employee directors and signals continued alignment without indicating unusual governance changes. No executive departure, new grant size, or change in control terms are disclosed in this form.

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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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).

1. Name and Address of Reporting Person^*

BRITT ANITA D

(Last) (First) (Middle)

1852 PROFFITT SPRINGS ROAD

(Street)

MARYVILLE TN 37801

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
SMITH & WESSON BRANDS, INC. [ SWBI ]

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)
09/15/2025

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	09/15/2025		A(1)		12,711	A	$0	68,029	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. 1/12th of the restricted stock units shall vest on the 15th day of each month following the date of grant. 100% of the shares underlying the vested restricted stock units shall be delivered on the one year anniversary of the date of grant.

	/s/ Deana McPherson, as attorney-in-fact	09/17/2025
	** 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

What transaction did Anita D. Britt report on Form 4 for SWBI?

She reported the acquisition of 12,711 shares of Smith & Wesson Brands, Inc. common stock on 09/15/2025 via restricted stock unit vesting.

How many shares does Anita D. Britt beneficially own after the reported transaction?

Following the reported transaction she beneficially owns 68,029 shares.

Was the reported RSU acquisition a cash purchase and what price was recorded?

No cash purchase; the transaction is recorded at a price of $0 because shares were acquired through RSU vesting.

What is the vesting schedule for the restricted stock units disclosed in the filing?

The RSUs vest at 1/12th on the 15th day of each month following the grant and 100% of vested shares are delivered on the one-year anniversary of the grant.

Who signed the Form 4 and when was it executed?

The Form 4 was signed by /s/ Deana McPherson, as attorney-in-fact on 09/17/2025.