Christensen Jordan 4

What Happened
Jordan Christensen, Chief Legal Officer and Corporate Secretary of Outdoor Holding Co. (POWW), received a grant of 45,000 shares of common stock on May 15, 2026 as part of his quarterly compensation (45,000 × $1.94 = $87,300). To satisfy tax withholding obligations, 12,584 of those shares were withheld by the company (12,584 × $1.94 = $24,413), so the net shares delivered to Christensen were 32,416.

Key Details

• Transaction date: May 15, 2026. Report filed May 19, 2026 (appears to be filed after the typical 2-business-day Form 4 deadline).
• Grant (Code A): 45,000 shares at $1.94 per share, total value $87,300.
• Tax withholding (Code F): 12,584 shares withheld at $1.94 per share, value $24,413.
• Net shares received: 45,000 − 12,584 = 32,416 shares.
• Shares owned after transaction: Not disclosed in the filing.
• Footnotes: F1 notes these 45,000 shares are the quarterly portion of Christensen’s annual compensation; F2 explains the 12,584-share disposition reflects shares withheld to cover tax withholding.

Context

• This was a compensation award (not an open-market purchase or voluntary sale). Withholding shares to cover taxes is common and does not indicate a bearish insider sale.
• Transaction codes: A = award/grant; F = shares withheld for tax obligations.
• Because this is a routine compensation grant, it’s generally interpreted as part of standard executive pay rather than a directional market signal.