Derrick Walsh - 10 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: 10 Mar 2023
Net transactions value: +$17,022
Form type: 4
Filing time: 14 Mar 2023, 17:07:46 UTC
Previous filing: 10 Mar 2023
Next filing: 16 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	$37,547	+997	+3.7%	$37.66	27,904	10 Mar 2023	Direct	F1, F2
transaction	AX	Common Stock	Disposed to Issuer	$20,525	-545	-2%	$37.66	27,359	10 Mar 2023	Direct	F3
holding	AX	Common Stock						2,111	10 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	-997	-4.1%	$0.000000	23,087	10 Mar 2023	Common Stock	997		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 10, 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	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 in connection with the reporting person's employment agreement as Chief Financial Officer.
F5	The RSUs vest as to one-third of the shares on each anniversary date of grant.