Raymond D. Matsumoto - 30 Jul 2021 Form 4 Insider Report for Axos Financial, Inc. (AX)

Role: EVP, Chief Operating Officer
Signature: By: Andrew J Micheletti For: Raymond Matsumoto
Issuer symbol: AX
Transactions as of: 30 Jul 2021
Net transactions value: +$33,734
Form type: 4
Filing time: 03 Aug 2021, 16:17:47 UTC
Next filing: 27 Aug 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AX	Common Stock	Options Exercise	$51,534	+1,077	+11%	$47.85	10,613	30 Jul 2021	Direct	F1
transaction	AX	Common Stock	Tax liability	$17,800	-372	-3.5%	$47.85	10,241	30 Jul 2021	Direct	F1, 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	AX	Restricted Stock Units	Options Exercise	$0	-1,077	-4.4%	$0.000000	23,462	30 Jul 2021	Common Stock	1,077		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 July 30, 2021, following the vesting of Restricted Stock Units ("RSUs") which vest one-third each year. The RSUs were previously granted to the reporting person under the Axos Financial, Inc. 2014 Stock Incentive Plan.
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. 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 three years, one-third on each anniversary date of grant.