Erick DeVinney - 28 Feb 2025 Form 4 Insider Report for Axogen, Inc. (AXGN)

Signature
/s/Erick DeVinney
Issuer symbol
AXGN
Transactions as of
28 Feb 2025
Transactions value $
-$152,232
Form type
4
Filing time
04 Mar 2025, 19:22:37 UTC
Previous filing
26 Feb 2025
Next filing
19 Mar 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AXGN Common Stock Options Exercise $0 +24.8K +13.44% $0.00 209K 28 Feb 2025 Direct F1
transaction AXGN Common Stock Tax liability -$152K -8.3K -3.96% $18.35 201K 04 Mar 2025 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This reflects the number of shares issued upon the attainment of certain performance criteria.
F2 Represents the number of shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of performance stock units ("PSUs") on February 28, 2025. This sale is mandated by the Issuer's election under its equity incentive plans to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary trade by the Reporting Person.
F3 The reported price in Column 4 is a weighted average sale price. These shares were sold on March 4, 2025 in multiple transactions at prices ranging from $18.34 to $18.72 per share. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.