Ron Pitters - Sep 23, 2023 Form 4 Insider Report for Axos Financial, Inc. (AX)

Role: SVP, Head of Axos Securities
Signature: By: Derrick K. Walsh For: Ron Pitters
Stock symbol: AX
Transactions as of: Sep 23, 2023
Transactions value $: $19,867
Form type: 4
Date filed: 9/26/2023, 04:58 PM
Previous filing: Sep 18, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AX	Common Stock	Options Exercise	$30.3K	+792	+5.63%	$38.28	14.9K	Sep 23, 2023	Direct	F1
transaction	AX	Common Stock	Disposed to Issuer	-$10.5K	-273	-1.84%	$38.28	14.6K	Sep 23, 2023	Direct	F2
holding	AX	Common Stock						1.8K	Sep 23, 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	-792	-8.39%	$0.00	8.65K	Sep 23, 2023	Common Stock	792		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 September 23, 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 Amended and Restated 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.