X0306 4 2020-08-24 0 0001808997 American Outdoor Brands, Inc. AOUT 0001283420 MONHEIT BARRY M 1800 NORTH ROUTE Z COLUMBIA MO 65202 1 0 0 0 Common Stock 2020-08-24 4 J 0 19790 0.00 A 19790 I By Trust Common Stock 2020-08-25 4 J 0 5738 0.00 A 5738 D Smith & Wesson Brands, Inc. ("SWBI") authorized the distribution of 100% of the Issuer's outstanding common stock to holders of SWBI common stock (the "Distribution") as of the close of business on August 10, 2020 (the "Record Date"), with a distribution date of August 24, 2020. In connection with the Distribution, the Reporting Person received one share of the Issuer's common stock for every four shares of SWBI common stock held as of the Record Date (the "Distribution Ratio"). The shares are held by Barry M. Monheit, Trustee, SEP PROP Monheit Family Trust U/A Dtd 7/16/2002. Consists of an aggregate of 5,738 shares of common stock underlying restricted stock units ("RSUs") previously granted by SWBI and converted into RSUs of the Issuer taking into account the Distribution Ratio, which includes (i) 750 shares underlying RSUs, all of which are vested and which will be delivered on the date of resignation or retirement as a director; (ii) 1,375 shares underlying RSUs, all of which are vested and which will be delivered on September 26, 2020; and (iii) 3,613 shares underlying RSUs, 3,312 of which are vested, 301 of which will vest on September 25, 2020, and all of which will be delivered on September 25, 2021. /s/ Douglas V. Brown, as attorney-in-fact 2020-08-27