Brian Swanson - Aug 25, 2023 Form 4 Insider Report for Axos Financial, Inc. (AX)

Role: EVP, Head of Consumer Bank
Signature: By: Derrick K. Walsh For: Brian Swanson
Stock symbol: AX
Transactions as of: Aug 25, 2023
Transactions value $: $23,024
Form type: 4
Date filed: 8/28/2023, 04:49 PM
Previous filing: Mar 24, 2023
Next filing: Sep 5, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AX	Common Stock	Options Exercise	$48.5K	+1.17K	+2.67%	$41.56	45K	Aug 25, 2023	Direct	F1
transaction	AX	Common Stock	Disposed to Issuer	-$25.5K	-614	-1.36%	$41.56	44.4K	Aug 25, 2023	Direct	F2
holding	AX	Common Stock						2.38K	Aug 25, 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	-1.17K	-6.02%	$0.00	18.2K	Aug 25, 2023	Common Stock	1.17K		Direct	F3, 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 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	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.
F3	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.
F4	Each RSU represents a contingent right to receive one share of Axos Financial, Inc. Common Stock.
F5	The RSUs vest as to one-third of the shares on each anniversary date of grant.