SMITH & WESSON BRANDS, INC. — Director's Dealing 2023

May 4, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SMITH & WESSON BRANDS, INC. (SWBI)
CIK: 0001092796
Period of Report: 2023-05-01

Reporting Person: McPherson Deana L (See Remarks)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-05-01	Common Stock	F	1245	$12.08	Disposed	69894	Direct
2023-05-01	Common Stock	A	21256	$0.00	Acquired	91150	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-05-01	Performance Rights	$	A	63766	Acquired	2026-05-01	Common Stock (63766)	Direct

Footnotes

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

F2: Includes 500 shares acquired under the Issuer's Employee Stock Purchase Plan on September 30, 2022 and 477 shares acquired on March 31, 2023.

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 achievement of certain target performance of the Issuer's stock price over a three year performance period. The number of shares delivered is less than the maximum number of shares that may be delivered pursuant to the award.