{"url_path":"/sec/poww/10-k/2026/item-12","section_key":"item-12","section_title":"Item 12 SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS","topic":"sec","document":{"doc_type":"10-K","doc_date":"2026-06-22","source_url":"https://www.sec.gov/Archives/edgar/data/1015383/0001193125-26-276653-index.html","accession_number":"0001193125-26-276653","cik":"0001015383","ticker":"POWW","issuer_name":"Outdoor Holding Co","edgar_url":"https://www.sec.gov/Archives/edgar/data/1015383/0001193125-26-276653-index.html","primary_entity_key":"0001015383","primary_entity_name":"Outdoor Holding Co"},"word_count":904,"has_tables":true,"body_markdown":"ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS\n\nSecurity Ownership of Certain Beneficial Owners and Management\n\nThe following table sets forth certain information, to the extent known by us or ascertainable from public filings, with respect to the beneficial ownership of our common stock for:\n\n•\neach person, or group of affiliated persons, known by us to be the beneficial owner of more than 5% of our voting securities;\n\n•\neach member of our Board of Directors;\n\n•\neach of our named executive officers with respect to the year ended March 31, 2026; and\n\n•\nall of our directors and current executive officers as of June 15, 2026, as a group.\n\nWe have determined beneficial ownership in accordance with the rules of the SEC. Under such rules, an individual or entity is generally deemed to beneficially own any shares as to which the individual or entity has sole or shared voting or investment power, including any shares that the individual or entity has the right to acquire within 60 days of June 15, 2026 through the exercise of any stock options or other rights. Except as indicated in the footnotes below, we believe, based on the information furnished or available to us, that the persons and entities named in the table below have sole voting and investment power with respect to all shares of common stock that they beneficially own, subject to community property laws where applicable.\n\n \n\n54\n\n \n\nThe applicable percentage ownership is based on 116,163,494 shares of common stock outstanding at June 15, 2026, which includes unvested shares of restricted stock.\n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\nShares of Common Stock\nBeneficially Owned\n\nName of Beneficial Owner(1)\n\n \n\n \n\nNumber\n\n \n\n \n\n \n\nPercentage\n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n5% Stockholders\n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\nKanen Wealth Management LLC(2)\n6810 Lyons Technology Circle, Suite 160\nCoconut Creek, Florida 33073\n\n \n\n \n\n \n\n11,494,006\n\n \n\n \n\n \n\n9.9%\n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\nBlackRock, Inc.(3)\n50 Hudson Yards\nNew York, NY 10001\n\n \n\n \n\n \n\n6,385,721\n\n \n\n \n\n \n\n5.5%\n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\nSteve F. Urvan(4)\n7491 N Federal Highway\nSTE C5 PMB 379\nBoca Raton, FL 33487\n\n \n\n \n\n \n\n24,358,366\n\n \n\n \n\n \n\n19.8%\n\nDirectors\n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\nHouman Akhavan\n\n \n\n \n\n \n\n45,000\n\n \n\n \n\n \n\n*\n\nDavid Douglas\n\n \n\n \n\n \n\n45,000\n\n \n\n \n\n \n\n*\n\nChristos Tsentas\n\n \n\n \n\n \n\n176,413\n\n \n\n \n\n \n\n*\n\nWayne Walker\n\n \n\n \n\n \n\n176,413\n\n \n\n \n\n \n\n*\n\nNamed Executive Officers\n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\nSteve F. Urvan(4)\n\n \n\n \n\n \n\n24,358,366\n\n \n\n \n\n \n\n19.8%\n\nJared R. Smith(5)\n\n \n\n \n\n \n\n1,018,491\n\n \n\n \n\n \n\n*\n\nJordan Christensen\n\n \n\n \n\n \n\n165,801\n\n \n\n \n\n \n\n*\n\nPaul Kasowski\n\n \n\n \n\n \n\n135,970\n\n \n\n \n\n \n\n*\n\nAll directors and officers as a group (8 persons)\n\n \n\n \n\n \n\n25,102,963\n\n \n\n \n\n \n\n20.4%\n\n* Percentage of shares does not exceed 1%.\n\n(1)\nExcept as otherwise indicated, the address of each beneficial owner listed is c/o Outdoor Holding Company, 1100 Circle 75 Pkwy, Suite 1300, Atlanta, GA 30339.\n\n(2)\nAmount reported is based on the Schedule 13G filed with the SEC on November 12, 2025 by Kanen Wealth Management LLC (“KWM”) on its own behalf and on behalf of certain affiliates. The filing reports that KWM is the beneficial owner of and has shared dispositive power with respect to 11,494,006 shares of common stock and has shared voting power with respect to 11,494,006 shares of common stock.\n\n(3)\nAmount reported is based on the Schedule 13G filed with the SEC on November 8, 2024 by BlackRock, Inc. (“BlackRock”). The filing reports that BlackRock is the beneficial owner of and has sole dispositive power with respect to 6,385,721 shares of common stock and has sole voting power with respect to 6,291,564 shares of common stock.\n\n(4)\nIncludes (i) 7,000,000 shares underlying a warrant held by GDI Air III LLC (“GDI Air”), which warrant is exercisable within 60 days of June 15, 2026, and (ii) 17,222,857 shares held by UFO LLC (“UFO”) and 135,509 shares held by Steve Urvan. GDI Air is a single-member limited liability company whose sole member is UFO. UFO is a single-member limited liability company whose sole member is the 50 X 50 Trust, a Nevada irrevocable domestic asset protection trust of which Mr. Urvan is the grantor, investment trust adviser, and a discretionary beneficiary. Mr. Urvan serves as a manager of UFO and, in such capacity, has sole voting and dispositive power over the shares owned or controlled by UFO.\n\n(5)\nIncludes 400,000 shares underlying a stock option granted on July 24, 2023, which is fully vested and exercisable within 60 days of June 15, 2026.\n\n \n\n55\n\n \n\nChange-in-Control\n\nThere are no arrangements currently in effect, the operation of which may at a subsequent date result in a change of control of the Company.\n\nSecurities Authorized for Issuance under Equity Compensation Plans\n\nThe following table sets forth information as of March 31, 2026 with respect to our compensation plans under which equity securities may be issued.\n\nPlan Category\n\n \n\nNumber of Securities\nto be Issued upon\nExercise of Outstanding\nOptions, Warrants\nand Rights\n\n \n\n \n\nWeighted-Average\nExercise Price of\nOutstanding Options,\nWarrants and Rights\n\n \n\n \n\nNumber of Securities\nRemaining Available\nfor Future Issuance\nunder Equity\nCompensation Plans\n(Excluding Securities\nReflected in Column (a))\n\n \n\n \n\n(a)\n\n \n\n \n\n(b)\n\n \n\n \n\n(c)\n\n \n\nEquity compensation plans approved by security holders:\n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n \n\n2025 Long-Term Incentive Plan\n\n \n\n \n\n-\n\n \n\n \n\n \n\n-\n\n \n\n \n\n \n\n9,139,278\n\n \n\n2017 Equity Incentive Plan(1)\n\n \n\n \n\n400,000\n\n \n\n \n\n$\n\n2.08\n\n \n\n \n\n \n\n—\n\n \n\nTotal\n\n \n\n \n\n400,000\n\n \n\n \n\n \n\n-\n\n \n\n \n\n \n\n9,139,278\n\n \n\n(1)\nIn October 2017, our Board of Directors approved the 2017 Plan. The 2017 Plan initially permitted the issuance of equity-based instruments covering up to a total of 485,000 shares of common stock. Our Board of Directors and stockholders approved an increase of 4,515,000 shares in October 2020, an additional increase of 1,000,000 shares in March 2023, and an additional increase of 3,000,000 shares in February 2024, bringing the total shares allowed under the 2017 Plan to 9,000,000. The 2017 Plan was terminated with respect to future awards on August 29, 2025 and was replaced by the 2025 Long-Term Incentive Plan."}