Andrew J. Micheletti - 06 Sep 2022 Form 4 Insider Report for Axos Financial, Inc. (AX)

Role
EVP, Finance
Signature
By: Derrick K. Walsh For: Andrew J Micheletti
Issuer symbol
AX
Transactions as of
06 Sep 2022
Net transactions value
+$423,170
Form type
4
Filing time
08 Sep 2022, 20:13:29 UTC
Previous filing
02 Sep 2022
Next filing
02 Feb 2023
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 $423,170 +11,000 +2.1% $38.47 539,689 06 Sep 2022 Direct F1, F2
holding AX Common Stock 2,497 06 Sep 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 -11,000 -25% $0.000000 33,000 06 Sep 2022 Common Stock 11,000 Direct F2, F3, F4
* 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, 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 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.
F4 The RSUs vest as to one-third of the shares on each anniversary date of grant.