Gregory Gene Freitag - Jun 17, 2021 Form 4 Insider Report for Axogen, Inc. (AXGN)

Role: Director
Signature: /s/Gregory Freitag
Stock symbol: AXGN
Transactions as of: Jun 17, 2021
Transactions value $: -$6,376
Form type: 4
Date filed: 6/21/2021, 04:17 PM
Previous filing: Jun 17, 2021
Next filing: Jun 3, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AXGN	Common Stock	Options Exercise	$177K	+9.25K	+2.6%	$19.17	365K	Jun 17, 2021	Direct	F1
transaction	AXGN	Common Stock	Tax liability	-$184K	-8.78K	-2.41%	$20.92	356K	Jun 17, 2021	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	AXGN	Employee Stock Option (right to purchase)	Options Exercise	$0	-9.25K	-100%	$0.00^*	0	Jun 17, 2021	Common Stock	9.25K	$19.17	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Of the 8,781 reported shares, 8,477 shares were swapped to cover the exercise price of the options exercised via an attestation method stock swap in accordance with Rule 16b-3. Additionally, 304 shares of common stock were surrendered to satisfy the reporting person's tax withholding liability. In total, the reporting person received 469 additional shares of common stock.
F2	All shares of Axogen, Inc. common stock underlying the employee stock option will be fully vested on December 27, 2022 (4 years from the option grant date) based upon a vesting schedule whereby 50% of the aggregate shares vest on December 27, 2020 (24 months from the option grant date) and an additional 12.5% of the aggregate shares vest each 6 months thereafter.