Jared R. Smith - Jul 11, 2024 Form 4 Insider Report for AMMO, INC. (POWW)

Role: CEO, Director
Signature: /s/ Jared R. Smith
Stock symbol: POWW
Transactions as of: Jul 11, 2024
Transactions value $: -$25,139
Form type: 4
Date filed: 7/15/2024, 04:30 PM
Previous filing: Jun 24, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	POWW	Common Stock	Award	$0	+43.3K	+12.32%	$0.00	395K	Jul 11, 2024	Direct	F1
transaction	POWW	Common Stock	Tax liability	-$25.1K	-15.8K	-4%	$1.59	379K	Jul 11, 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 for the quarter ended June 30, 2024 that the reporting person receives quarterly as part of his annual compensation for services to the Issuer: a) 33,333 shares of common stock for his services as the Issuer's Chief Executive Officer, and b) 10,000 shares of common stock that members of the Issuer's Board of Directors (the "Board") receive quarterly.
F2	Represents the number of shares withheld by the Issuer to satisfy the tax withholding obligations incurred by the reporting person as a result of the shares received on July 9, 2024.

Content

Reflects the grant of 43,333 shares of common stock for the quarter ended June 30, 2024 that the reporting person receives quarterly as part of his annual compensation for services to the Issuer: a) 33,333 shares of common stock for his services as the Issuer's Chief Executive Officer, and b) 10,000 shares of common stock that members of the Issuer's Board of Directors (the "Board") receive quarterly.

Represents the number of shares withheld by the Issuer to satisfy the tax withholding obligations incurred by the reporting person as a result of the shares received on July 9, 2024.