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

Role
EVP, Chief Financial Officer
Signature
By: Gregory Garrabrants For: Andrew Micheletti
Stock symbol
AX
Transactions as of
Sep 5, 2021
Transactions value $
-$545,830
Form type
4
Date filed
9/9/2021, 06:24 PM
Previous filing
Sep 1, 2021
Next filing
Nov 10, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AX Common Stock Options Exercise $0 +11K +2.01% $0.00 558K Sep 5, 2021 Direct F1, F2
transaction AX Common Stock Disposed to Issuer -$273K -5.78K -1.04% $47.16 553K Sep 5, 2021 Direct F3
transaction AX Common Stock Options Exercise $0 +11K +1.99% $0.00 564K Sep 6, 2021 Direct F1, F2
transaction AX Common Stock Disposed to Issuer -$273K -5.79K -1.03% $47.16 558K Sep 6, 2021 Direct F3
holding AX Common Stock 2K Sep 5, 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 -11K -12.5% $0.00 77K Sep 5, 2021 Common Stock 11K Direct F2, F4, F5
transaction AX Restricted Stock Units Options Exercise $0 -11K -14.29% $0.00 66K Sep 6, 2021 Common Stock 11K 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 and September 6, 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.for tax withholding purposes in connection with the net-settlement on the issuance of shares of Common Stock 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 employment agreement as Chief Financial Officer.
F5 The RSUs vest as to one-third of the shares on each anniversary date of grant.