E. Randy Luth - Jul 28, 2023 Form 4 Insider Report for AMMO, INC. (POWW)

Role
Director
Signature
/s/ Randy Luth
Stock symbol
POWW
Transactions as of
Jul 28, 2023
Transactions value $
$0
Form type
4
Date filed
8/1/2023, 04:33 PM
Next filing
Nov 16, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction POWW Common Stock Award $0 +10K +2.16% $0.00 474K Jul 28, 2023 Direct F1
transaction POWW Common Stock Award $0 +9.56K +2.02% $0.00 484K Jul 28, 2023 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects the grant of 10,000 shares of common stock that members of the issuer's Board of Directors (the "Board") receive quarterly as part of their annual compensation for Board service.
F2 Reflects the grant of 9,555 shares of common stock to the reporting person for the January 5, 2023 to March 31,2023 period of time that the reporting person served on the issuer's Board of Directors (the "Board").). On May 16, 2023, the Board modified the issuer's Director Compensation Policy upon the recommendation from the Board's Compensation Committee to allow for pro-rata issuances of stock to members of the Board for serving as a Board member for a portion of a quarter. The pro rata grant, however, is not issued to new members of the Board until after the completion of the new member's first complete quarter of service. The reporting person completed their first complete quarter of service on the Board on June 30, 2023.