Eshel Bar-Adon - 25 Aug 2023 Form 4 Insider Report for Axos Financial, Inc. (AX)

Role
EVP, Chief Legal Officer
Signature
By: Derrick K. Walsh For: Eshel Bar-Adon
Issuer symbol
AX
Transactions as of
25 Aug 2023
Net transactions value
+$24,063
Form type
4
Filing time
28 Aug 2023, 16:48:55 UTC
Previous filing
24 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 $50,786 +1,222 +1% $41.56 118,338 25 Aug 2023 Direct F1
transaction AX Common Stock Disposed to Issuer $26,723 -643 -0.54% $41.56 117,695 25 Aug 2023 Direct F2, F3
holding AX Common Stock 2,817 25 Aug 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 -1,222 -6.6% $0.000000 17,378 25 Aug 2023 Common Stock 1,222 Direct F4, F5, F6
* 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 August 25, 2023, 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 Certain of the reporting person's prior reports on Form 4 inadvertently omitted 1,800 shares directly held by the reporting person. Such shares are included in the Amount of Securities Beneficially Owned Following Reported Transaction(s) reported above.
F3 Represents shares of Common Stock retained by Axos Financial, Inc. for tax withholding purposes in connection with the net-settlement on the issuance of shares of Common Stock in respect to the vested RSUs.
F4 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.
F5 Each RSU represents a contingent right to receive one share of Axos Financial, Inc. Common Stock.
F6 The RSUs vest as to one-third of the shares on each anniversary date of grant.