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

Rhea-AI Filing Summary

Smith & Wesson Brands director Robert L. Scott was granted 12,711 restricted stock units (RSUs) on 09/15/2025, recorded as an acquisition at $0 per share. Following the grant, Mr. Scott beneficially owns 89,391 shares. The RSUs vest 1/12th on the 15th of each month after grant, with 100% of shares delivered on the one-year anniversary of the grant date.

Positive

• Director equity grant increases insider ownership to 89,391 shares, aligning executive and shareholder interests
• Time-based vesting (1/12th monthly with full delivery at one year) supports retention and longer-term alignment

Negative

• None.

Insights

Financial Analyst

TL;DR Director received 12,711 RSUs, modestly increasing insider stake; vesting schedule delays delivery for one year.

The grant of 12,711 RSUs represents a standard equity compensation event for a director and increases the director's beneficial ownership to 89,391 shares. The award is recorded with a $0 per-share transaction price in the Form 4, consistent with a time-based restricted stock unit grant rather than an open-market purchase. The monthly 1/12th vesting cadence with full delivery at the one-year anniversary aligns incentives over a year but delays liquidity and voting rights until delivery; investors should note this is a compensation disclosure rather than an active market transaction.

Corporate Governance Expert

TL;DR Time-based RSUs for a director follow common governance practices to align interests; delivery delay is typical.

The structure—monthly vesting with full share delivery at the one-year mark—promotes retention and alignment without immediate dilution from an open-market trade. The Form 4 signature indicates filing by attorney-in-fact and discloses the material terms required under Section 16. There is no indication of derivative awards or dispositions, and the filing does not reveal any related-party conflicts or departures from standard director compensation protocols.

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^*

SCOTT ROBERT L

(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	89,391	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 Smith & Wesson Brands (SWBI) disclose in this Form 4?

The filing reports a grant of 12,711 restricted stock units to director Robert L. Scott on 09/15/2025, with beneficial ownership after the grant of 89,391 shares.

How do the RSUs vest for the reported grant?

The RSUs vest 1/12th on the 15th of each month following the grant date, with 100% of shares delivered on the one-year anniversary of the grant.

Was there a cash purchase price reported for the transaction?

No cash price was reported; the transaction is recorded with a price of $0, consistent with a grant of restricted stock units.

Who filed the Form 4 and when was it signed?

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

Does the filing show any derivative transactions or dispositions?

No. The filing shows only a non-derivative acquisition of common stock via RSUs and no dispositions or derivative securities.