<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0508</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2025-01-03</periodOfReport>

    <notSubjectToSection16>true</notSubjectToSection16>

    <issuer>
        <issuerCik>0001943705</issuerCik>
        <issuerName>Revelyst, Inc.</issuerName>
        <issuerTradingSymbol>GEAR</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001292770</rptOwnerCik>
            <rptOwnerName>CALLAHAN MICHAEL</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>P.O. BOX 1411</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>PROVIDENCE</rptOwnerCity>
            <rptOwnerState>RI</rptOwnerState>
            <rptOwnerZipCode>02901</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>true</isDirector>
        </reportingOwnerRelationship>
    </reportingOwner>

    <aff10b5One>false</aff10b5One>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2025-01-03</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>D</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>68471</value>
                    <footnoteId id="F1"/>
                </transactionShares>
                <transactionPricePerShare>
                    <footnoteId id="F2"/>
                    <footnoteId id="F3"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>0</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">Includes restricted stock units (&quot;RSUs&quot;) subject to certain vesting periods and other restrictions under the Issuer's Stock Incentive Plan.</footnote>
        <footnote id="F2">On January 3, 2025 (the &quot;Closing Date&quot;), pursuant to that certain Agreement and Plan of Merger, dated as of October 4, 2024 (the &quot;Merger Agreement&quot;), among the Issuer, Vista Outdoor Inc., Cabin Ridge Inc. and Olibre LLC, each share of the Issuer's common stock (&quot;Common Stock&quot;) (other than any such shares of Common Stock held by the Issuer, its subsidiaries or Olibre LLC) was converted into the right to receive an amount in cash equal to the Merger Consideration (as defined in the Merger Agreement).</footnote>
        <footnote id="F3">Pursuant to the Merger Agreement, at the Effective Time (as defined in the Merger Agreement), each RSU vested and was canceled in exchange for a lump-sum cash payment, without interest, equal to the product of (i) the number of shares of Common Stock subject to such RSU as of immediately prior to the Effective Time and (ii) the Merger Consideration.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Yun Jung Choi, attorney-in-fact</signatureName>
        <signatureDate>2025-01-03</signatureDate>
    </ownerSignature>
</ownershipDocument>
