Brian Swanson - Sep 6, 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: Sep 6, 2021
Transactions value $: -$34,804
Form type: 4
Date filed: 9/9/2021, 06:25 PM
Previous filing: Sep 1, 2021
Next filing: Mar 10, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AX	Common Stock	Options Exercise	$0	+2.14K	+6.25%	$0.00	36.3K	Sep 6, 2021	Direct	F1, F2
transaction	AX	Common Stock	Disposed to Issuer	-$34.8K	-738	-2.03%	$47.16	35.6K	Sep 6, 2021	Direct	F3
holding	AX	Common Stock						1.69K	Sep 6, 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	-2.14K	-7.32%	$0.00	27.1K	Sep 6, 2021	Common Stock	2.14K		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 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. The RSUs are accompanied by dividend equivalent rights.
F5	The RSUs vest as to one-third of the shares on each anniversary date of grant.