Shelley J. Bausch - 01 Jan 2023 Form 4 Insider Report for Axalta Coating Systems Ltd. (AXTA)

Role: SVP, Glbl Industrial Coatings
Signature: /s/ Alex Tablin-Wolf, attorney-in-fact
Issuer symbol: AXTA
Transactions as of: 01 Jan 2023
Net transactions value: -$79,390
Form type: 4
Filing time: 04 Jan 2023, 16:39:24 UTC
Previous filing: 27 Jul 2022
Next filing: 17 Feb 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AXTA	Common Shares	Options Exercise		+6,265	+91%		13,175	01 Jan 2023	Direct	F1
transaction	AXTA	Common Shares	Tax liability	$79,390	-3,117	-24%	$25.47	10,058	01 Jan 2023	Direct	F2

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	AXTA	Restricted Stock Units	Options Exercise	$0	-6,265	-25%	$0.000000	18,795	01 Jan 2023	Common Shares	6,265		Direct	F1, F3

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

Explanation of Responses:

Id	Content
F1	Restricted stock units convert into common shares on a one-for-one basis.
F2	Shares withheld to satisfy the tax withholding obligation applicable to the vesting of a portion of a restricted stock unit award.
F3	On January 1, 2021, the reporting person was granted 31,325 restricted stock units, vesting 20% on each of the first and second anniversaries and 60% on the 42-month anniversary of the grant date.