Derrick Walsh - 23 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
23 Mar 2023
Net transactions value
+$24,695
Form type
4
Filing time
24 Mar 2023, 15:21:02 UTC
Previous filing
16 Mar 2023
Next filing
05 Sep 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 $52,082 +1,432 +5.2% $36.37 28,791 23 Mar 2023 Direct F1, F2
transaction AX Common Stock Disposed to Issuer $27,387 -753 -2.6% $36.37 28,038 23 Mar 2023 Direct F3
holding AX Common Stock 2,111 23 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 -1,432 -4.9% $0.000000 27,617 23 Mar 2023 Common Stock 1,432 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 23, 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.