Robert J. Cicero - May 18, 2021 Form 4 Insider Report for SMITH & WESSON BRANDS, INC. (SWBI)

Role: The reporting person is Senior Vice President, General Counsel, Chief Compliance Officer, and Secretary.
Signature: Robert J. Cicero
Stock symbol: SWBI
Transactions as of: May 18, 2021
Transactions value $: -$18,452
Form type: 4
Date filed: 5/19/2021, 05:11 PM
Next filing: Jun 22, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SWBI	Common Stock	Options Exercise		+28.8K	+42.15%		97.1K	May 18, 2021	Direct	F1
transaction	SWBI	Common Stock	Tax liability	-$18.5K	-940	-0.97%	$19.63	96.2K	May 18, 2021	Direct	F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	SWBI	Performance Rights	Options Exercise		-28.8K	-100%		0	May 18, 2021	Common Stock	28.8K		Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each performance right represents a contingent right to receive one share of the Issuer's common stock. The performance rights vest based on market cap performance over a three-year performance period. The number of shares to be delivered is the maximum number of shares that may be delivered pursuant to the award. The shares will be delivered on May 1, 2022.
F2	Represents shares of common stock withheld by the Issuer to satisfy certain tax withholding obligations associated with the settlement of performance rights.

Remarks:

The reporting person is Senior Vice President, General Counsel, Chief Compliance Officer, and Secretary.