PEW-WT · GrabAGun Digital Holdings Inc.

This filing reflects a routine director nomination process ahead of the 2026 annual meeting, with eight incumbent directors nominated for reelection and one director, Dusty Wunderlich, stepping down upon expiration of his term. The Board explicitly states that Mr. Wunderlich’s non-renomination occurred by mutual agreement with the Nomination and Governance Committee, indicating an orderly, consensual transition rather than a contested or performance-related departure. No new directors are being added, and no changes to board leadership roles (e.g., Chair, committee chairs) are disclosed. While director composition stability supports governance continuity, the departure of a sitting director—especially without replacement nominees named beyond the existing slate—may prompt investor attention to board refreshment strategy and committee succession planning. The absence of disclosed compensation terms, rationale beyond mutual agreement, or forward-looking commentary on board structure limits further material inference.