Form 4: SPORTSMAN'S WAREHOUSE CEO Paul Stone to Acquire Additional Shares Through Employee Stock Purchase Plan

SPORTSMAN'S WAREHOUSE HOLDINGS, INC. CEO and Director Paul Stone is set to acquire 5,000 shares of common stock through an employee stock purchase plan, increasing his total beneficial ownership to over 1 million shares.

Summary

• Paul Stone, the President and CEO, and a Director of SPORTSMAN'S WAREHOUSE HOLDINGS, INC. (SPWH), will acquire 5,000 shares of common stock.
• The acquisition is scheduled for July 1, 2025, at a price of $2.2695 per share.
• This transaction is being made pursuant to the Sportsman's Warehouse Holdings, Inc. Amended and Restated Employee Stock Purchase Plan.
• Following this acquisition, Paul Stone's total beneficial ownership will be 1,042,323 shares of common stock.
• The total beneficial ownership includes 772,825 restricted stock units (RSUs) which represent the right to receive one share of common stock per unit.
• These RSUs are scheduled to vest in multiple installments between November 1, 2025, and March 26, 2028, contingent upon continued employment.

Sentiment

Score: 8

Explanation: The acquisition of shares by the CEO and Director, particularly through an employee stock purchase plan and the significant RSU holdings, signals strong insider confidence and long-term alignment with shareholder interests, which is a positive indicator.

Positives

• The acquisition of additional shares by the President and CEO, Paul Stone, demonstrates continued confidence in the company's future prospects.
• The significant holding of 1,042,323 shares, including a substantial portion in restricted stock units, aligns management's long-term interests with those of shareholders.

Risks

• The vesting of restricted stock units is contingent upon Paul Stone's continued employment with the Issuer, meaning forfeiture could occur if employment ceases before vesting dates.

Future Outlook

The scheduled acquisition and the significant volume of unvested restricted stock units indicate a long-term commitment by the CEO to the company's performance and future value creation, aligning his incentives with shareholder returns over the next several years.

Management Comments

• The acquisition of shares through the Employee Stock Purchase Plan and the substantial holdings of restricted stock units reflect Paul Stone's commitment to the company's long-term success and shareholder value.

Industry Context

NA

Stakeholder Impact

• Shareholders: The transaction indicates strong insider confidence, potentially boosting investor sentiment and aligning management's interests with shareholder returns.
• Employees: The Employee Stock Purchase Plan highlights a mechanism for employee ownership and aligns employee interests with company performance.

Next Steps

• Vesting of 220,064 restricted stock units in two substantially equal installments on November 1, 2025, and November 1, 2026.
• Vesting of 269,687 restricted stock units in two substantially equal installments on April 1, 2026, and April 1, 2027.
• Vesting of 83,074 restricted stock units in two substantially equal installments on May 1, 2026, and May 1, 2027.
• Vesting of 200,000 restricted stock units in three substantially equal installments on March 26, 2026, March 26, 2027, and March 26, 2028.

Key Dates

Recommendation

Keywords

SPWH, Sportsman's Warehouse, Paul Stone, Insider Trading, Stock Acquisition, Form 4, CEO, Director, ESPP, Restricted Stock Units, Beneficial Ownership