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

Role
EVP, Head of Consumer Bank
Signature
By: Andrew J. Micheletti For: Brian Swanson
Stock symbol
AX
Transactions as of
Aug 31, 2021
Transactions value $
$99,481
Form type
4
Date filed
9/1/2021, 09:27 PM
Previous filing
Aug 27, 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 $154K +3.18K +9.89% $48.48 35.3K Aug 31, 2021 Direct F1
transaction AX Common Stock Tax liability -$54.5K -1.12K -3.19% $48.48 34.2K Aug 31, 2021 Direct F1, F2
holding AX Common Stock 1.69K Aug 31, 2021 401(k) Plan

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 -3.18K -9.81% $0.00 29.2K Aug 31, 2021 Common Stock 3.18K 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 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 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.