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

Rhea-AI Filing Summary

Denis G. Suggs, a director of Smith & Wesson Brands, Inc. (SWBI), was granted 12,711 restricted stock units on 09/15/2025. The award was reported as an acquisition at a $0 price and increases his beneficial ownership to 48,315 shares following the grant. The restricted stock units vest monthly at a rate of 1/12th on the 15th day of each month after the grant date, with 100% of vested shares to be delivered on the one-year anniversary of the grant. The Form 4 was signed by an attorney-in-fact on 09/17/2025.

Positive

• Reporting person acquired 12,711 restricted stock units on 09/15/2025 as disclosed in the Form 4
• Beneficial ownership increased to 48,315 shares following the reported transaction
• Vesting schedule is explicitly stated: 1/12th vests monthly with delivery on the one-year anniversary

Negative

• None.

Insights

Financial Analyst

TL;DR: Director received 12,711 RSUs, raising beneficial ownership to 48,315; standard time-based vesting schedule reduces immediate dilution.

The filing documents a routine equity grant to a company director rather than a cash purchase or sale. The grant is structured as restricted stock units with monthly vesting over 12 months and final delivery at the one-year anniversary, which aligns compensation with multi-month retention. The acquisition price is $0, indicating these are compensation awards rather than market purchases. This type of disclosure is typically neutral for valuation but relevant for tracking insider alignment and potential future sales once shares vest.

Corporate Governance Expert

TL;DR: Time-based RSUs to a director reflect ordinary governance practice to retain and align a board member.

The Form 4 shows a standard director equity award with clear vesting mechanics: 1/12th monthly and delivery on the one-year anniversary. The filing identifies the reporter as a director and provides the post-grant beneficial ownership total of 48,315 shares. The report was executed by an attorney-in-fact, a common administrative step. There is no indication of related-party transactions beyond this compensation grant in the provided content.

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).

1. Name and Address of Reporting Person^*

Suggs Denis G

(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	48,315	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 did Denis G. Suggs report on Form 4 for SWBI?

He reported acquisition of 12,711 restricted stock units on 09/15/2025, increasing beneficial ownership to 48,315 shares.

What are the vesting terms of the RSUs reported on SWBI Form 4?

1/12th of the restricted stock units vest monthly on the 15th following the grant date, with vested shares delivered on the one-year anniversary.

Was there a purchase price for the shares in the Form 4 filing?

The transaction price was reported as $0, indicating these were granted restricted stock units rather than a market purchase.

How many shares does Suggs beneficially own after the transaction?

48,315 shares beneficially owned following the reported transaction.

When was the Form 4 signed and filed for this transaction?

The signature by attorney-in-fact is dated 09/17/2025 and the transaction date is 09/15/2025.