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

Rhea-AI Filing Summary

Barry M. Monheit, a director of Smith & Wesson Brands, Inc. (SWBI), received a grant of 12,711 restricted stock units on 09/15/2025 that vest in equal monthly installments (1/12th each month) with 100% of vested shares delivered on the one-year anniversary of the grant. After the reported transaction, Mr. Monheit beneficially owns 24,822 shares directly and 95,369 shares indirectly through the SEP PROP Monheit Family Trust. The indirect holdings are identified as held by Mr. Monheit as trustee. The Form 4 was signed by an attorney-in-fact on 09/17/2025.

Positive

• Director received 12,711 restricted stock units with a clear monthly vesting schedule, which aligns management interests with shareholders
• Disclosure separates direct (24,822 shares) and indirect (95,369 shares via family trust) ownership, improving transparency

Negative

• None.

Insights

Financial Analyst

TL;DR: Director received 12,711 RSUs, modestly increasing direct stake; routine insiders' grant with standard vesting.

The filing reports a non-cash grant of 12,711 restricted stock units to director Barry Monheit that vest monthly over a year and are delivered in full one year after grant. Post-grant direct ownership stands at 24,822 shares and indirect ownership via a family trust at 95,369 shares. This is a customary equity-compensation event for directors and does not indicate a purchase at market price; its immediate market impact is likely limited absent additional information on total outstanding shares or other insider activity.

Corporate Governance Expert

TL;DR: Standard director equity award with trust-held shares disclosed; governance disclosure appears complete and timely.

The Form 4 discloses a restricted stock unit grant with explicit vesting terms (1/12th monthly, delivery at one year) and identifies indirect holdings held in a dated family trust with Mr. Monheit as trustee. The filing includes the required signature via attorney-in-fact. From a governance perspective, the disclosure aligns with Section 16 reporting expectations and clarifies both direct and indirect beneficial ownership.

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

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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^*

MONHEIT BARRY M

(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	24,822	D
Common Stock								95,369	I	By Trust(2)

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.

2. The shares are held by Barry M. Monheit, Trustee, SEP PROP Monheit Family Trust U/A Dtd 7/16/2002

	/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 Barry M. Monheit report on the Form 4 for SWBI?

He reported a grant of 12,711 restricted stock units on 09/15/2025, with specified vesting and post-grant beneficial ownership figures.

How many shares does the reporting person own directly and indirectly after the transaction?

Directly owns 24,822 shares and indirectly owns 95,369 shares through the SEP PROP Monheit Family Trust.

What are the vesting terms for the restricted stock units?

1/12th of the RSUs vest on the 15th day of each month after the grant date and all vested shares are delivered on the one-year anniversary.

Was there any cash paid for the RSUs reported in this Form 4?

No cash was paid; the transaction lists a price of $0 for the granted restricted stock units.

When was the Form 4 signed and filed?

The signature (by attorney-in-fact) is dated 09/17/2025 reflecting the reporting of the 09/15/2025 grant.