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

Role
EVP, Chief Financial Officer
Signature
By: Andrew J Micheletti For: Derrick Walsh
Stock symbol
AX
Transactions as of
Sep 23, 2023
Transactions value $
$122,496
Form type
4
Date filed
9/26/2023, 04:59 PM
Previous filing
Sep 18, 2023
Next filing
Mar 12, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AX Common Stock Options Exercise $128K +3.33K +11.45% $38.28 32.5K Sep 23, 2023 Direct F1
transaction AX Common Stock Options Exercise $76.3K +1.99K +6.14% $38.28 34.4K Sep 23, 2023 Direct F1
transaction AX Common Stock Disposed to Issuer -$67.1K -1.75K -5.09% $38.28 32.7K Sep 23, 2023 Direct F2
transaction AX Common Stock Disposed to Issuer -$40.2K -1.05K -3.21% $38.28 31.6K Sep 23, 2023 Direct F2
transaction AX Common Stock Options Exercise $54.7K +1.43K +4.52% $38.28 33.1K Sep 24, 2023 Direct F3
transaction AX Common Stock Disposed to Issuer -$28.8K -752 -2.27% $38.28 32.3K Sep 24, 2023 Direct F2
holding AX Common Stock 2.38K 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 -3.33K -10.8% $0.00 27.5K Sep 23, 2023 Common Stock 3.33K Direct F4, F5, F6
transaction AX Restricted Stock Units Options Exercise $0 -1.99K -7.24% $0.00 25.5K Sep 23, 2023 Common Stock 1.99K Direct F4, F5, F6
transaction AX Restricted Stock Units Options Exercise $0 -1.43K -5.59% $0.00 24.1K Sep 24, 2023 Common Stock 1.43K 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 September 23, 2023 following the vesting of Restricted Stock Units (RSUs) which vest one-third each year. The RSUs were previously granted to the reporting person under the Axos Financial, Inc. 2014 Amended and Restated 2014 Stock Incentive Plan in connection with the reporting person's employment agreement as Chief Financial Officer.
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 Represents shares of Common Stock issued on September 24, 2023 following the vesting of Restricted Stock Units (RSUs) which vest one-third each year. The RSUs were previously granted to the reporting person under the Axos Financial, Inc. 2014 Amended and Restated 2014 Stock Incentive Plan in connection with the reporting person's employment agreement as Chief Financial Officer.
F4 The RSUs were granted to the reporting person under the Axos Financial, Inc. 2014 Stock Incentive Plan in connection with the reporting person's employment agreement as Chief Financial Officer.
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.