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

Rhea-AI Filing Summary

Michelle Lohmeier, a director of Smith & Wesson Brands, Inc. (SWBI), reported an acquisition of 12,711 shares of common stock via restricted stock units on 09/15/2025. The reported transaction shows a $0 price per share because the shares were granted as RSUs, and Lohmeier's beneficial ownership following the grant is 38,161 shares held directly. The RSUs vest 1/12th on the 15th day of each month after grant, 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

• Director received 12,711 restricted stock units, increasing direct beneficial ownership to 38,161 shares
• Vesting schedule is time-based (1/12th monthly) with full delivery mechanics specified, providing clarity on timing of share delivery

Negative

• None.

Insights

Financial Analyst

TL;DR: Director received 12,711 RSUs, raising direct ownership to 38,161 shares; transaction appears to be a routine equity grant.

The Form 4 discloses a non-derivative award of 12,711 common shares issued as restricted stock units on 09/15/2025 at no cash price, consistent with standard director compensation. The holding increases the director's direct beneficial ownership to 38,161 shares. Vesting is monthly in 1/12th increments with full delivery of vested shares at the one-year anniversary, indicating time-based vesting rather than performance-contingent vesting. For investors, this is a governance and compensation disclosure rather than an operational or financial performance signal.

Corporate Governance Expert

TL;DR: Report documents a time-based RSU grant to a board member with monthly vesting and one-year delivery—standard governance practice.

The filing shows Michelle Lohmeier, a director, acquired 12,711 RSUs on 09/15/2025 increasing direct holdings to 38,161 shares. The vesting schedule (1/12th monthly, with delivery of vested shares on the one-year anniversary) is explicit and suggests standard retention-focused compensation. The disclosure was executed via power of attorney on 09/17/2025. There are no indications of accelerated vesting, performance conditions, or derivative instruments in this filing.

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

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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^*

Lohmeier Michelle

(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	38,161	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 Michelle Lohmeier report on Form 4 for SWBI?

She reported an acquisition of 12,711 restricted stock units of Smith & Wesson Brands, Inc. (SWBI) on 09/15/2025.

How many shares does Michelle Lohmeier beneficially own after the transaction?

Following the reported transaction she beneficially owns 38,161 shares directly.

What is the vesting schedule for the RSUs granted to the director?

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

Was there any cash paid for the shares reported on the Form 4?

No cash was paid; the transaction shows a $0 price because the shares were granted as restricted stock units.

Who signed the Form 4 and when was it signed?

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