Gregory Garrabrants - Jun 30, 2021 Form 4 Insider Report for Axos Financial, Inc. (AX)

Role
President and CEO, Director
Signature
By: Andrew J. Micheletti For: Gregory Garrabrants
Stock symbol
AX
Transactions as of
Jun 30, 2021
Transactions value $
$3,514,506
Form type
4
Date filed
7/1/2021, 04:32 PM
Next filing
Aug 27, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AX Common Stock Options Exercise $7.42M +160K +11.61% $46.39 1.54M Jun 30, 2021 Direct F1
transaction AX Common Stock Tax liability -$3.91M -84.2K -5.48% $46.39 1.45M Jun 30, 2021 Direct F1, F2
holding AX Common Stock 1.94K Jun 30, 2021 401(k) Plan
holding AX Common Stock 171K Jun 30, 2021 by Trust

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 AX Restricted Stock Units Options Exercise $0 -160K -57.14% $0.00 120K Jun 30, 2021 Common Stock 160K Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares of Common Stock issued on June 30, 2021 following the vesting of Restricted Stock Units ("RSUs") which vest one-fourth each year. The RSUs were previously granted to the reporting person under the Axos Financial, Inc. 2014 Stock Incentive Plans in connection with the reporting person's employment agreement as President and Chief Executive Officer.
F2 Represents shares of Common Stock retained by Axos Financial, Inc. for tax withholding purposes in connection with the net-settlement on the issuance of shares of Common Stock in respect to the vested RSUs.
F3 The RSUs were granted to the reporting person under the Axos Financial, Inc. 2014 Stock Incentive Plan in connection with the reporting person's employment agreement as President and Chief Executive Officer. Each RSU represents a contingent right to receive one share of Axos Financial, Inc. Common Stock. The RSUs are accompanied by dividend equivalent rights.
F4 The RSUs vest over four years, one-fourth on each fiscal year-end following the date of grant.