Brian D. Swanson - 25 Mar 2022 Form 4 Insider Report for Axos Financial, Inc. (AX)

Role: EVP, Head of Consumer Bank
Signature: By: Derrick K. Walsh For: Brian Swanson
Issuer symbol: AX
Transactions as of: 25 Mar 2022
Net transactions value: +$106,846
Form type: 4
Filing time: 29 Mar 2022, 16:19:56 UTC
Previous filing: 25 Mar 2022
Next filing: 29 Aug 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	$163,309	+3,491	+10%	$46.78	38,450	25 Mar 2022	Direct	F1, F2
transaction	AX	Common Stock	Disposed to Issuer	$56,463	-1,207	-3.1%	$46.78	37,243	25 Mar 2022	Direct	F3
holding	AX	Common Stock						2,111	25 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	-3,491	-13%	$0.000000	22,921	25 Mar 2022	Common Stock	3,491		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 25, 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.