Marc A. Began - 26 Feb 2026 Form 4 Insider Report for Axogen, Inc. (AXGN)

Role: EVP & General Counsel
Signature: /s/ Marc Began
Issuer symbol: AXGN
Transactions as of: 26 Feb 2026
Net transactions value: -$414,908
Form type: 4
Filing time: 02 Mar 2026, 18:15:48 UTC
Previous filing: 12 Dec 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Began Marc A	EVP & General Counsel	13631 PROGRESS BLVD.,, SUITE 400, ALACHUA	/s/ Marc Began	02 Mar 2026	0001821352

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AXGN	Common Stock	Award	$0	+33,780	+185%	$0.000000	52,065	26 Feb 2026	Direct	F1
transaction	AXGN	Common Stock	Tax liability	$279,221	-8,753	-17%	$31.90	43,312	26 Feb 2026	Direct	F2
transaction	AXGN	Common Stock	Options Exercise	$0	+11,250	+26%	$0.000000	54,562	01 Mar 2026	Direct	F3
transaction	AXGN	Common Stock	Tax liability	$135,688	-4,427	-8.1%	$30.65	50,135	01 Mar 2026	Direct	F4

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	Restricted Stock Units	Award	$0	+23,000		$0.000000	23,000	26 Feb 2026	Common Stock	23,000		Direct	F5, F6
transaction	AXGN	Restricted Stock Units	Options Exercise	$0	+11,250		$0.000000	11,250	01 Mar 2026	Common Stock	11,250	$0.000000	Direct	F5, F7

* 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 that became vested as of February 26, 2026, upon the attainment and certification of certain performance criteria.
F2	No shares were sold by the reporting person. The transaction disclosed represents shares of the issuer's Common Stock withheld by the issuer in payment of the withholding tax liability incurred upon the vesting of performance stock units ("PSUs").
F3	This reflects the number of restricted stock units ("RSUs") that vested on March 1, 2026.
F4	No shares were sold by the reporting person. The transaction disclosed represents shares of the issuer's Common Stock withheld by the issuer in payment of the withholding tax liability incurred upon the vesting of RSUs.
F5	Each RSU represents a contingent right to receive one share of Axogen, Inc. common stock.
F6	All shares of Axogen Inc. common stock underlying the RSUs will be fully vested on February 26, 2030 (4 years from the grant date) based upon a vesting schedule whereby 50% of the aggregate shares vest on February 26, 2028 (24 months from the grant date) and an additional 25% of the aggregate shares vest each 12 months thereafter. Vested shares will be delivered to the reporting person upon the vesting date.
F7	All shares of Axogen, Inc. common stock underlying the RSUs will be fully vested on March 1, 2027 based on a vesting schedule whereby 50% of the aggregate shares vest on March 1, 2025, and an additional 25% of the aggregate shares vest each twelve months thereafter. Vested shares will be delivered to the Reporting Person upon the vesting date. The RSUs were granted pursuant to an inducement award agreement outside of the Issuer's Amended and Restated 2019 Long-Term Incentive Plan as a material inducement to the Reporting Person's acceptance of employment with the Issuer in accordance with NASDAQ Listing Rule 5635(c)(4).