SMITH & WESSON BRANDS, INC. — Director's Dealing 2021

May 5, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SMITH & WESSON BRANDS, INC. (SWBI)
CIK: 0001092796
Period of Report: 2021-05-01

Reporting Person: Smith Mark Peter (Director, See remarks.)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-05-01	Common Stock	F	687	$17.40	Disposed	152184	Direct
2021-05-01	Common Stock	F	3438	$18.67	Disposed	148746	Direct
2021-05-03	Common Stock	A	27852	$0.00	Acquired	176598	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-05-03	Performance Rights	$	A	83556	Acquired	2024-05-03	Common Stock (83556)	Direct

Footnotes

F1: Represents shares of common stock withheld by the Issuer to satisfy certain withholding obligations associated with the vesting of restricted stock units.

F2: Includes 2,185 shares acquired under the Issuer's Employee Stock Purchase Plan on March 31, 2021.

F3: One-quarter of the restricted stock units shall vest on each of the first, second, third, and fourth anniversaries of the date of grant. Shares, net of tax withholding, will be delivered on each applicable vesting date.

F4: Each performance right represents a contingent right to receive one share of the Issuer's common stock. The performance rights vest based on stock performance over a three-year performance period, and shares, net of tax withholding, will be delivered on June 30, 2024. The number represents the maximum number of shares that may be delivered pursuant to the award, which is two times the target number of shares.