FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person *
TOGHRAIE JEFF

(Last) (First) (Middle)
C/O AXIL BRANDS, INC.
901 FREMONT AVE., UNIT 158

(Street)
ALHAMBRA CA 91803

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Axil Brands, Inc. [ AXIL ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director X 10% Owner
X Officer (give title below) Other (specify below)
Chairman, CEO
3. Date of Earliest Transaction (Month/Day/Year)
04/22/2024
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
X Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock               1,246,700 I By Intrepid Global Advisors (1)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Series A Preferred Stock (3) 04/22/2024   P (4)   3,750,000     (3)   (3) Common Stock 187,500 (3) (3) (4) 7,956,750 I By Intrepid Global Advisors (1)
Series A Preferred Stock (3) 04/22/2024   P (5)   7,500,000     (3)   (3) Common Stock 375,000 (3) (3) (5) 15,456,750 I By Intrepid Global Advisors (1)
Stock Option (right to buy) $ 1.8             09/01/2022 (2) 04/20/2032 Common Stock 155,000   155,000 D  
Explanation of Responses:
1. Jeff Toghraie is the managing director of Intrepid Global Advisors, Inc.
2. Options vest as follows: 25% of the original grant amount vested on September 1, 2022 and the remainder vests in 24 equal monthly installments on the first day of each month, beginning October 1, 2022.
3. The Series A Preferred Stock, par value $0.0001 per share (the "Preferred Stock"), is convertible into shares of the Issuer's common stock on a twenty-for-one basis, at the option of the holder, at any time after the second anniversary of the date that the Issuer first issued shares of Preferred Stock, or June 16, 2022; provided, that the holder may not convert that number of shares of Preferred Stock which would cause the holder to become the beneficial owner of more than 5% of the Issuer's common stock, as determined in accordance with Sections 13(d) and (g) of the Securities Exchange Act of 1934, as amended, and the rules and regulations thereunder. The Preferred Stock has no expiration date.
4. On April 22, 2024, Intrepid Global Advisors, Inc. purchased 3,750,000 shares of Preferred Stock (equivalent to 187,500 shares of the Issuer's common stock on an as-converted basis) for cash consideration of $22,500, pursuant to a repurchase agreement entered into with the previous holder of such Preferred Stock.
5. Also on April 22, 2024, Intrepid Global Advisors, Inc. purchased an additional 7,500,000 shares of Preferred Stock (equivalent to 375,000 shares of the Issuer's common stock on an as-converted basis) for cash consideration of $45,000, pursuant to a repurchase agreement entered into with the previous holder of such Preferred Stock.
/s/ Jeff Toghraie 04/24/2024
** Signature of Reporting Person Date
INTREPID GLOBAL ADVISORS, INC., /s/ Jeff Toghraie, Managing Director 04/24/2024
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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