Matt Koranda

Alex Sturnieks

Mark Smith

Matthew Koranda

Joseph

- American Outdoor Brands (AOUT) Board of Directors has approved a new share repurchase program of up to **$10 million**, commencing **October 1, 2025**, and ending **September 30, 2026**.  **[1808997_20251002CG89631:0]** 
- This new program follows a prior share repurchase program, initiated in **2024**, which resulted in the repurchase of **581,968 shares** at an average price of **$10.30 per share**, totaling approximately **$6.0 million** as of **September 30, 2025**.  **[1808997_20251002CG89631:0]** 
- President and CEO Brian Murphy stated that the board's decision reflects confidence in the business, its **debt-free balance sheet**, and its commitment to disciplined capital deployment and returning capital to stockholders.  **[1808997_20251002CG89631:0]**