GrabAGun (PEW) Director Blake Masters Receives 11,433 Shares

What Happened
Blake Masters, a director of GrabAGun Digital Holdings Inc. (PEW), had 11,433 restricted stock units (RSUs) vest on June 23, 2026. The Form 4 shows a conversion/exercise of a derivative (transaction code M) resulting in acquisition of 11,433 common shares and a corresponding reported disposition at $0. Footnotes clarify the RSUs convert one-for-one into common stock; the RSUs were originally granted on July 16, 2025 and vested at the issuer's 2026 annual meeting.

Key Details

• Transaction date: June 23, 2026; Form 4 filed June 24, 2026 (timely filing).
• Reported transactions: conversion/exercise of derivative (M) — 11,433 shares acquired; a matching disposition entry for 11,433 shares at $0.00 consideration.
• Price/consideration: $0 reported — reflects vesting/conversion of RSUs (not a cash purchase or market sale).
• Shares owned after transaction: not specified in the filing.
• Footnotes: F1 — RSUs convert one-for-one to common stock; F2 — RSUs granted July 16, 2025 and vested June 23, 2026.
• Exhibit: Exhibit 24 (Power of Attorney) listed on the filing.

Context
This was a grant vesting/conversion of RSUs, not an open-market purchase or sale; no cash changed hands per the filing. Transaction code M indicates conversion/exercise of a derivative security (here, RSUs converting to common stock). For retail investors, vesting of director RSUs is routine compensation and should be interpreted as issuance of shares rather than a direct bullish or bearish signal about the stock.