Form 4: AMMO, Inc. CEO Jared Smith Reports Stock Grant and Tax Withholding

CEO Jared Smith reports receiving shares as part of his compensation and shares withheld for tax obligations.

Summary

• On July 11, 2024, Jared Rowe Smith, CEO of AMMO, Inc., reported transactions involving the company's common stock.
• Smith acquired 43,333 shares of common stock as part of his quarterly compensation, granted at a price of $0.00 per share.
• These shares are compensation for his role as CEO and for his service on the Board of Directors.
• Additionally, 15,811 shares were withheld by AMMO, Inc. to cover tax obligations related to the shares received.
• The withholding price was $1.59 per share.
• Following these transactions, Smith directly owns 379,300 shares of AMMO, Inc.

Sentiment

Score: 6

Explanation: Neutral sentiment as the document reports routine stock transactions related to executive compensation and tax obligations.

Positives

• The CEO's receipt of stock grants aligns his interests with those of the shareholders.

Industry Context

Stock grants are a common form of executive compensation, aligning management's interests with those of shareholders. Regular filings of Form 4 are standard practice for reporting insider transactions.

Stakeholder Impact

• Shareholders may view the stock grant as a positive sign of alignment between management and shareholder interests.

Key Dates