Jared R. Smith - Feb 20, 2024 Form 4 Insider Report for AMMO, INC. (POWW)

Role: CEO, Director
Signature: /s/ Jared R. Smith
Stock symbol: POWW
Transactions as of: Feb 20, 2024
Transactions value $: $0
Form type: 4
Date filed: 2/22/2024, 04:11 PM
Previous filing: Nov 15, 2023
Next filing: Mar 1, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	POWW	Common Stock	Award	$0	+43.3K	+16.3%	$0.00	309K	Feb 20, 2024	Direct	F1
transaction	POWW	Common Stock	Award	$0	+7.39K	+2.39%	$0.00	317K	Feb 20, 2024	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 43,333 shares of common stock that reporting person receives quarterly as part of their annual compensation for services to the Issuer.
F2	Reflects the grant of 7,391 shares of common stock to the reporting person for the July 24, 2023 to September 30, 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 December 31, 2023.

Content

Reflects the grant of 43,333 shares of common stock that reporting person receives quarterly as part of their annual compensation for services to the Issuer.

Reflects the grant of 7,391 shares of common stock to the reporting person for the July 24, 2023 to September 30, 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 December 31, 2023.