SMITH & WESSON BRANDS, INC. — Director's Dealing 2025

May 6, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SMITH & WESSON BRANDS, INC. (SWBI)
CIK: 0001092796
Period of Report: 2025-05-01

Reporting Person: McPherson Deana L (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-05-01	Common Stock	A	44898	—	Acquired	143121	Direct
2025-05-01	Common Stock	F	4109	$9.22	Disposed	139012	Direct
2025-05-02	Common Stock	F	913	$9.41	Disposed	138099	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-05-01	Performance Rights	$	A	89794	Acquired	2028-05-01	Common Stock (89794)	Direct

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 452 shares acquired under the Issuer's Employee Stock Purchase Plan on September 30, 2024 and 599 shares acquired under the Issuer's Employee Stock Purchase Plan on March 31, 2025.

F3: Represents shares of common stock withheld by the Issuer to satisfy certain tax withholding obligations associated with the vesting of restricted stock units.

F4: Each performance right represents a contingent right to recieve 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 period. The number represents the maximum number of shares that may be delivered pursuant to the award.

F5: Each performance right represents a contingent right to recieve 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 period. The number represents the maximum number of shares that may be delivered pursuant to the award.