Peter J. Mariani - 14 Dec 2022 Form 4 Insider Report for Axogen, Inc. (AXGN)

Role: EVP & Chief Financial Officer
Signature: /s/Peter Mariani
Issuer symbol: AXGN
Transactions as of: 14 Dec 2022
Net transactions value: -$10.34
Form type: 4
Filing time: 16 Dec 2022, 15:48:20 UTC
Previous filing: 18 Nov 2022
Next filing: 29 Dec 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AXGN	Common Stock	Options Exercise	$97,595	+19,364	+65%	$5.04	49,062	14 Dec 2022	Direct	F1
transaction	AXGN	Common Stock	Tax liability	$97,605	-8,930	-18%	$10.93	40,132	14 Dec 2022	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	-19,364	-9.4%	$0.000000	185,636	15 Dec 2022	Common Stock	19,364	$5.04	Direct

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

Explanation of Responses:

Id	Content
F1	This Form is being filed to report the exercise of a stock option for a total of 19,364 shares by means of a stock swap. A stock swap is a method of exercising a stock option in which the option holder pays the exercise price using shares of stock already owned. As a result of this stock swap, the Reporting Person, on a net basis, acquired ownership of an additional 10,434 shares of common stock.