Derrick Walsh - 08 Mar 2023 Form 4 Insider Report for Axos Financial, Inc. (AX)

Role
EVP, Chief Financial Officer
Signature
By: Andrew J Micheletti For: Derrick Walsh
Issuer symbol
AX
Transactions as of
08 Mar 2023
Net transactions value
+$39,887
Form type
4
Filing time
10 Mar 2023, 18:13:08 UTC
Previous filing
26 Sep 2022
Next filing
14 Mar 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 $96,863 +2,120 +8.1% $45.69 28,154 08 Mar 2023 Direct F1
transaction AX Common Stock Tax liability $56,975 -1,247 -4.4% $45.69 26,907 08 Mar 2023 Direct F1, F2
holding AX Common Stock 2,111 08 Mar 2023 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 -2,120 -8.1% $0.000000 24,084 08 Mar 2023 Common Stock 2,120 Direct 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 March 8, 2023 following the vesting of Restricted Stock Units (RSUs) which vest one-third each year. The RSUs were previously 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.
F2 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.
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.