Edward J. Ratinoff - Sep 5, 2021 Form 4 Insider Report for Axos Financial, Inc. (AX)

Role
Director
Signature
By: Andrew J. Micheletti For: Edward Ratinoff
Stock symbol
AX
Transactions as of
Sep 5, 2021
Transactions value $
-$63,242
Form type
4
Date filed
9/9/2021, 04:30 PM
Previous filing
Sep 1, 2021
Next filing
Aug 3, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AX Common Stock Options Exercise $0 +2.67K +6.86% $0.00 41.5K Sep 5, 2021 Direct F1, F2
transaction AX Common Stock Disposed to Issuer -$63.2K -1.34K -3.23% $47.16 40.2K Sep 5, 2021 Direct F3

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 -2.67K -16% $0.00 14K Sep 5, 2021 Common Stock 2.67K Direct F2, F4, F5
* 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 September 5, 2021, following the vesting of Restricted Stock Units ("RSUs") which vest as to one-third of the shares on each anniversary of the date of grant. The RSUs were previously granted to the reporting person under the Axos Financial, Inc. 2014 Stock Incentive Plan.
F2 Each RSU represents a contingent right to receive one share of Axos Financial, Inc. Common Stock.
F3 Represents shares of Common Stock retained by Axos Financial, Inc. in exchange for cash paid to the reporting person for tax liabilities in respect to the vested RSUs.
F4 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.
F5 The RSUs vest as to one-third of the shares on each anniversary date of grant.