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: Cupero Susan Jean (See Remarks)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-05-01	Common Stock	A	13898	$0.00	Acquired	50845	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-05-01	Performance Rights	$	A	41692	Acquired	2026-05-01	Common Stock (41692)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2300	Indirect

Footnotes

F1: 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.

F2: Includes 462 shares acquired under the Issuer's Employee Stock Purchase Plan by son on March 31, 2023.

F3: 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 represents the maximum number of shares that may be delivered pursuant to the award.