Ron Pitters - 08 Mar 2022 Form 4 Insider Report for Axos Financial, Inc. (AX)

Role: SVP, Head of Axos Securities
Signature: By: Derrick K. Walsh For: Ron Pitters
Issuer symbol: AX
Transactions as of: 08 Mar 2022
Net transactions value: +$23,323
Form type: 4
Filing time: 10 Mar 2022, 15:44:42 UTC
Previous filing: 05 Nov 2021
Next filing: 15 Mar 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AX	Common Stock	Options Exercise	$39,449	+844	+8.8%	$46.74	10,483	08 Mar 2022	Direct	F1, F2
transaction	AX	Common Stock	Disposed to Issuer	$16,125	-345	-3.3%	$46.74	10,138	08 Mar 2022	Direct	F3
holding	AX	Common Stock						1,325	08 Mar 2022	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	-844	-7.9%	$0.000000	9,889	08 Mar 2022	Common Stock	844	$0.000000	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 March 8, 2022, 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. 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.