Stefani D. Carter - 31 Aug 2023 Form 4 Insider Report for Axos Financial, Inc. (AX)

Role
Director
Signature
By: Derrick K. Walsh For: Stefani Carter
Issuer symbol
AX
Transactions as of
31 Aug 2023
Net transactions value
+$43,133
Form type
4
Filing time
05 Sep 2023, 13:09:23 UTC
Previous filing
17 Aug 2023
Next filing
17 May 2024
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 $86,180 +2,000 +50% $43.09 6,000 31 Aug 2023 Direct F1
transaction AX Common Stock Disposed to Issuer $43,047 -999 -17% $43.09 5,001 31 Aug 2023 Direct F2

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 Award $0 +6,000 +150% $0.000000 10,000 31 Aug 2023 Common Stock 6,000 Direct F3, F4, F5
transaction AX Restricted Stock Units Options Exercise $0 -2,000 -20% $0.000000 8,000 31 Aug 2023 Common Stock 2,000 Direct F4, F6, F7
* 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 31, 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. in exchange for cash paid to the reporting person for tax liabilities in respect to the vested RSUs.
F3 Grant to the reporting person on August 31, 2023 of restricted stock units ("RSUs") under the Axos Financial, Inc. 2014 Stock Incentive Plan in connection with the reporting person's service as a member of the Board of Directors.
F4 Each RSU represents a contingent right to receive one share of Axos Financial, Inc. Common Stock.
F5 The RSUs fully vest on the anniversary date of grant.
F6 The RSUs were granted to the reporting person under the Axos Financial, Inc. Amended and Restated 2014 Stock Incentive Plan in connection with the reporting person's service as a member of the Board of Directors.
F7 The RSUs vest as to one-third of the shares on each anniversary date of grant.