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      <secFileNumber>001-13101</secFileNumber>
      <issuerAddress>
        <com:street1>7681 E. GRAY RD</com:street1>
        <com:street2>SCOTTSDALE</com:street2>
        <com:city>SCOTTSDALE</com:city>
        <com:stateOrCountry>AZ</com:stateOrCountry>
        <com:zipCode>85260</com:zipCode>
      </issuerAddress>
      <issuerContactPhone>480-947-0001</issuerContactPhone>
      <nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>WAGENHALS FRED W</nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>
      <relationshipsToIssuer>
        <relationshipToIssuer>Officer</relationshipToIssuer>
        <relationshipToIssuer>Director</relationshipToIssuer>
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    <securitiesInformation>
      <securitiesClassTitle>Common</securitiesClassTitle>
      <brokerOrMarketmakerDetails>
        <name>Charles Schwab Corporation</name>
        <address>
          <com:street1>3000 Schwab Way</com:street1>
          <com:city>Westlake</com:city>
          <com:stateOrCountry>TX</com:stateOrCountry>
          <com:zipCode>76262</com:zipCode>
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      </brokerOrMarketmakerDetails>
      <noOfUnitsSold>450000</noOfUnitsSold>
      <aggregateMarketValue>1134000.00</aggregateMarketValue>
      <noOfUnitsOutstanding>118660984</noOfUnitsOutstanding>
      <approxSaleDate>02/15/2024</approxSaleDate>
      <securitiesExchangeName>NASDAQ</securitiesExchangeName>
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      <acquiredDate>02/03/2017</acquiredDate>
      <natureOfAcquisitionTransaction>Founders' shares</natureOfAcquisitionTransaction>
      <nameOfPersonfromWhomAcquired>Issuer</nameOfPersonfromWhomAcquired>
      <isGiftTransaction>N</isGiftTransaction>
      <amountOfSecuritiesAcquired>450000</amountOfSecuritiesAcquired>
      <paymentDate>02/03/2017</paymentDate>
      <natureOfPayment>Check</natureOfPayment>
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    <nothingToReportFlagOnSecuritiesSoldInPast3Months>Y</nothingToReportFlagOnSecuritiesSoldInPast3Months>
    <remarks>Sale to occur THE FRED W. WAGENHALS TRUST U/A DTD 08/20/2007 TTEE - FRED W WAGENHALS</remarks>
    <noticeSignature>
      <noticeDate>02/15/2024</noticeDate>
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144
0000937437
XXXXXXXX
LIVE
0001015383
AMMO, INC.
001-13101
7681 E. GRAY RD
SCOTTSDALE
SCOTTSDALE
AZ
85260
480-947-0001
WAGENHALS FRED W
Officer
Director
Common
Charles Schwab Corporation
3000 Schwab Way
Westlake
TX
76262
450000
1134000.00
118660984
02/15/2024
NASDAQ
Common
02/03/2017
Founders' shares
Issuer
N
450000
02/03/2017
Check
Y
Sale to occur THE FRED W. WAGENHALS TRUST U/A DTD 08/20/2007 TTEE - FRED W WAGENHALS
02/15/2024
FRED W WAGENHALS