Jeremy Rohen - Jan 18, 2023 Form 4 Insider Report for Axalta Coating Systems Ltd. (AXTA)

Role: SVP, Strategy & Business Dev
Signature: /s/ Alex Tablin-Wolf, attorney-in-fact
Stock symbol: AXTA
Transactions as of: Jan 18, 2023
Transactions value $: -$45,677
Form type: 4
Date filed: 1/20/2023, 04:58 PM
Previous filing: Jul 27, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AXTA	Common Shares	Options Exercise		+3.05K	+96.39%		6.21K	Jan 18, 2023	Direct	F1
transaction	AXTA	Common Shares	Tax liability	-$45.7K	-1.69K	-27.2%	$27.06	4.52K	Jan 18, 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	-3.05K	-33.34%	$0.00	6.09K	Jan 18, 2023	Common Shares	3.05K		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 18, 2021, the reporting person was granted 12,182 restricted stock units, vesting 25% on each of the first and second anniversaries and 50% on the third anniversary of the grant date.