Paul Grinberg - Aug 31, 2021 Form 4 Insider Report for Axos Financial, Inc. (AX)

Role: Director
Signature: By: Andrew J. Micheletti For: Paul Grinberg
Stock symbol: AX
Transactions as of: Aug 31, 2021
Transactions value $: $226,014
Form type: 4
Date filed: 9/1/2021, 08:49 PM
Previous filing: Aug 4, 2021
Next filing: Sep 9, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AX	Common Stock	Options Exercise	$359K	+7.4K	+8.72%	$48.48	92.2K	Aug 31, 2021	Direct	F1
transaction	AX	Common Stock	Tax liability	-$133K	-2.74K	-2.97%	$48.48	89.5K	Aug 31, 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	Award	$0	+18.2K	+47.35%	$0.00	56.5K	Aug 31, 2021	Common Stock	18.2K		Direct	F3, F4, F5
transaction	AX	Restricted Stock Units	Options Exercise	$0	-7.4K	-13.1%	$0.00	49.1K	Aug 31, 2021	Common Stock	7.4K		Direct	F5, F6

* 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 August 31, 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	Grant to the reporting person on August 31, 2021 of restricted stock units ("RSUs") under the Axos Financial, Inc. 2014 Stock Incentive Plan in connection with the reporting person's service as a member of the Board of Directors.
F4	Each RSU represents a contingent right to receive one share of Axos Financial, Inc. Common Stock.
F5	The RSUs vest over three years, one-third on each anniversary date of grant.
F6	The RSUs were granted to the reporting person under the Axos Financial, Inc. 2014 Stock Incentive Plan in connection with the reporting person's service as a member of the Board of Directors. Each RSU represents a contingent right to receive one share of Axos Financial, Inc. Common Stock.