Jeff Toghraie - Oct 14, 2024 Form 4 Insider Report for Axil Brands, Inc. (AXIL)

Role: Chairman, CEO, Director, 10%+ Owner
Signature: /s/ Jeff Toghraie
Stock symbol: AXIL
Transactions as of: Oct 14, 2024
Transactions value $: $0
Form type: 4
Date filed: 10/15/2024, 04:15 PM
Previous filing: Apr 24, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	AXIL	Common Stock						1.25M	Oct 14, 2024	By Intrepid Global Advisors	F1

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	AXIL	Stock Option (right to buy)	Award	$0	+350K		$0.00	350K	Oct 14, 2024	Common Stock	350K	$4.01	Direct	F2
holding	AXIL	Series A Preferred Stock						15.5M	Oct 14, 2024	Common Stock	773K		By Intrepid Global Advisors	F1, F3
holding	AXIL	Stock Option (right to buy)						155K	Oct 14, 2024	Common Stock	155K	$1.80	Direct	F4

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

Explanation of Responses:

Id	Content
F1	Jeff Toghraie is the managing director of Intrepid Global Advisors, Inc.
F2	Options vest in 48 equal monthly installments, beginning on October 14, 2024, the date of grant, subject to continued employment through the vesting date.
F3	The Series A Preferred Stock, par value $0.0001 per share (the "Preferred Stock"), is convertible into shares of the Issuer's common stock on a twenty-for-one basis, at the option of the holder, at any time; provided, that the holder may not convert that number of shares of Preferred Stock which would cause the holder to become the beneficial owner of more than 5% of the Issuer's common stock, as determined in accordance with Sections 13(d) and (g) of the Securities Exchange Act of 1934, as amended, and the rules and regulations thereunder. The Preferred Stock has no expiration date.
F4	Fully exercisable.