Safety Shot enters employment agreement with new CFO Markita Russell

Safety Shot, Inc. (NASDAQ:SHOT), currently valued at $70.3 million in market capitalization, announced Wednesday that it has entered into an employment agreement with Chief Financial Officer Markita Russell, according to a statement based on an SEC filing. According to InvestingPro analysis, the company’s stock has shown significant volatility, with a notable 33% return over the past week despite being currently overvalued based on Fair Value estimates.

The agreement, signed on October 3, 2025, is retroactively effective as of June 30, 2025. Ms. Russell was appointed as CFO by the company’s board of directors on July 30, 2025, as previously disclosed.

Under the terms of the employment agreement, Ms. Russell will receive an annual base salary of $250,000. She is also eligible for an annual bonus, which will be determined based on performance and company sales goals to be established between Ms. Russell and her direct supervisor.

The agreement grants Ms. Russell 200,000 options to purchase company stock at a strike price of $0.49 per share, with the options fully vested as of the effective date of June 30, 2025. In addition, she will receive 350,000 retention restricted stock units (RSUs) with immediate vesting, subject to a six-month holding period on any sales beginning June 30, 2025.

The employment agreement also includes standard non-disclosure provisions.

This information is based on a press release statement and details disclosed in the company’s recent SEC filing. Safety Shot, Inc. common stock and related warrants are listed on The Nasdaq Stock Market LLC under the symbols SHOT and SHOTW, respectively.

In other recent news, Safety Shot, Inc. announced a significant increase in its BONK cryptocurrency holdings, now owning over 2.7% of the total circulating supply. The company has set a target to reach 5% by the end of 2025. This follows the company’s receipt of a $500,000 revenue share payment from its interest in the memecoin launchpad letsBONK.fun, with an additional $650,000 expected soon. In another development, Safety Shot has partnered with Monarq Asset Management to manage its $50 million BONK treasury, focusing on active treasury management, yield generation, and wealth preservation. The company is also undergoing a board refresh, appointing three new directors and seeking shareholder approval for these changes. Additionally, Mitchell Rudy, a core founder of BONK, has joined Safety Shot’s Board of Directors as part of the company’s strategic shift towards the digital asset ecosystem. Rudy replaces Dave Long, who is stepping down. Safety Shot has reserved the trading symbol BNKK with Nasdaq and plans to implement a name change.

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