Thomas Constantine - 25 Aug 2022 Form 4 Insider Report for Axos Financial, Inc. (AX)

Role
EVP and Chief Credit Officer
Signature
By: Derrick K. Walsh For: Thomas Constantine
Issuer symbol
AX
Transactions as of
25 Aug 2022
Transactions value $
-$39,853
Form type
4
Filing time
29 Aug 2022, 20:16:47 UTC
Previous filing
11 Aug 2022
Next filing
02 Sep 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 Sale -$68.6K -1.55K -13.31% $44.12 10.1K 25 Aug 2022 Direct F1
transaction AX Common Stock Options Exercise $60.6K +1.36K +13.41% $44.65 11.5K 25 Aug 2022 Direct F2, F3
transaction AX Common Stock Disposed to Issuer -$31.9K -715 -6.23% $44.65 10.8K 25 Aug 2022 Direct F4
holding AX Common Stock 2.03K 25 Aug 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 -1.36K -6.58% $0.00 19.3K 25 Aug 2022 Common Stock 1.36K Direct F3, F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These transactions were executed in multiple trades, at prices ranging from $44.12 to $44.15. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request by the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold and the prices at which each trade was effected.
F2 Represents shares of Common Stock issued on August 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.
F3 Each RSU represents a contingent right to receive one share of Axos Financial, Inc. Common Stock.
F4 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.
F5 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.
F6 The RSUs vest as to one-third of the shares on each anniversary date of grant.