Form 4: Ammo Inc. Executive Chairman Wagenhals Reports Stock Grant and Tax Withholding

Fred Wagenhals, Executive Chairman of AMMO, Inc., reports the acquisition of 55,000 shares as part of his compensation and the subsequent withholding of shares for tax obligations.

Summary

• On October 3, 2024, Fred Wagenhals, the Executive Chairman of AMMO, Inc., acquired 55,000 shares of common stock as part of his quarterly compensation.
• These shares were granted at a price of $0.
• Of these shares, 45,000 were for his services as Executive Chairman, and 10,000 were part of the quarterly compensation for Board members.
• Simultaneously, 1,293 shares were withheld by AMMO, Inc. to cover tax obligations related to the stock grant, at a price of $1.43 per share.
• Following these transactions, Wagenhals beneficially owns 7,227,903 shares of AMMO, Inc. common stock.

Sentiment

Score: 6

Explanation: Neutral sentiment as it reflects routine executive compensation practices. The stock grant is a positive for aligning interests, but the tax withholding is a standard procedure.

Positives

• The grant of shares to the Executive Chairman and Board members aligns their interests with the company's performance.

Industry Context

Executive compensation through stock grants is a common practice in publicly traded companies to incentivize performance and align management's interests with shareholders.

Stakeholder Impact

• Shareholders: The stock grant aligns executive interests with shareholder value.
• Employees: No direct impact on employees.

Key Dates