Paul Grinberg - Aug 31, 2023 Form 4 Insider Report for Axos Financial, Inc. (AX)

Role
Director
Signature
By: Derrick K. Walsh For: Paul Grinberg
Stock symbol
AX
Transactions as of
Aug 31, 2023
Transactions value $
$289,866
Form type
4
Date filed
9/5/2023, 01:10 PM
Previous filing
Aug 17, 2023
Next filing
Sep 4, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AX Common Stock Options Exercise $261K +6.05K +7.7% $43.09 84.7K Aug 31, 2023 Direct F1
transaction AX Common Stock Options Exercise $319K +7.4K +8.74% $43.09 92.1K Aug 31, 2023 Direct F1
transaction AX Common Stock Disposed to Issuer -$130K -3.02K -3.28% $43.09 89K Aug 31, 2023 Direct F2
transaction AX Common Stock Disposed to Issuer -$159K -3.7K -4.15% $43.09 85.3K Aug 31, 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 +18.2K +93.08% $0.00 37.7K Aug 31, 2023 Common Stock 18.2K Direct F3, F4, F5
transaction AX Restricted Stock Units Options Exercise $0 -6.05K -16.07% $0.00 31.6K Aug 31, 2023 Common Stock 6.05K Direct F4, F6, F7
transaction AX Restricted Stock Units Options Exercise $0 -7.4K -23.42% $0.00 24.2K Aug 31, 2023 Common Stock 7.4K 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.