Steven F. Urvan - Nov 9, 2021 Form 4 Insider Report for AMMO, INC. (POWW)

Role: Director, 10%+ Owner
Signature: /s/ Steven F. Urvan
Stock symbol: POWW
Transactions as of: Nov 9, 2021
Transactions value $: $0
Form type: 4
Date filed: 11/30/2021, 02:52 PM
Previous filing: Oct 7, 2021
Next filing: Jan 6, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	POWW	Common Stock	Award		+1.5M	+8.1%		20M	Nov 9, 2021	Direct	F1

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

Explanation of Responses:

Id	Content
F1	The shares were issued on November 9, 2021 as partial consideration pursuant to the terms of the Agreement and Plan of Merger dated as of April 30, 2021, by and among Mr. Urvan, Gemini Direct Investments, LLC ("Gemini"), the Issuer and SpeedLight Group I, LLC ("Merger Sub"), whereby Merger Sub merged, with and into Gemini, with Merger Sub surviving the merger as a wholly owned subsidiary of the Issuer. Pursuant to the Merger Agreement, the Issuer acquired from Mr. Urvan 100% of the equity of Gemini which owned 100% of the Gunrboker.com business. The issuance of the applicable shares was contingent on shareholder approval which occurred on October 25, 2021.

Content

The shares were issued on November 9, 2021 as partial consideration pursuant to the terms of the Agreement and Plan of Merger dated as of April 30, 2021, by and among Mr. Urvan, Gemini Direct Investments, LLC ("Gemini"), the Issuer and SpeedLight Group I, LLC ("Merger Sub"), whereby Merger Sub merged, with and into Gemini, with Merger Sub surviving the merger as a wholly owned subsidiary of the Issuer. Pursuant to the Merger Agreement, the Issuer acquired from Mr. Urvan 100% of the equity of Gemini which owned 100% of the Gunrboker.com business. The issuance of the applicable shares was contingent on shareholder approval which occurred on October 25, 2021.