Patrick W. Smith - 17 Nov 2021 Form 4 Insider Report for AXON ENTERPRISE, INC. (AXON)

Reporting relationship: CHIEF EXECUTIVE OFFICER, Director
Issuer ticker: AXON
Reported as of: 17 Nov 2021
Net transaction value: +$15,850,017
SEC form: 4
Accepted by SEC: 19 Nov 2021, 19:13:56 UTC
Prior SEC filing: 17 Nov 2021
Next SEC filing: 29 Nov 2021
Source filing: View source filing
Reporting owner signature: /s/ Patrick W. Smith, by Jawad A. Ahsan, Attorney-in-Fact

Key filing fact

Patrick W. Smith filed Form 4 for AXON ENTERPRISE, INC. (AXON) on 19 Nov 2021.

Key facts

This page summarizes Patrick W. Smith's Form 4 filing for AXON ENTERPRISE, INC. (AXON).
17 reported transactions and 5 derivative rows are listed below.
Accepted by SEC: 19 Nov 2021, 19:13.

Change

Previous filing in this sequence was filed on 17 Nov 2021.
Current net transaction value: +$15,850,017.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

AXON transaction

Common Stock

Options Exercise

Transaction value: $28,873
Shares: +167
Change %: +0.01%
Price: $172.89
Shares after: 2,066,072
Date: 17 Nov 2021
Ownership: Direct

AXON transaction

Common Stock

Sale

Transaction value: $3,600
Shares: -20
Change %: -0%
Price: $180.00
Shares after: 2,066,052
Date: 17 Nov 2021
Ownership: Direct
Footnotes: F1

AXON transaction

Common Stock

Sale

Transaction value: $14,400
Shares: -80
Change %: -0%
Price: $180.00
Shares after: 2,065,972
Date: 17 Nov 2021
Ownership: Direct
Footnotes: F2

AXON transaction

Common Stock

Options Exercise

Transaction value: $2,090,020
Shares: +11,982
Change %: +0.58%
Price: $174.43
Shares after: 2,077,954
Date: 18 Nov 2021
Ownership: Direct

AXON transaction

Common Stock

Sale

Transaction value: $260,684
Shares: -1,447
Change %: -0.07%
Price: $180.16
Shares after: 2,076,507
Date: 18 Nov 2021
Ownership: Direct
Footnotes: F1, F3

AXON transaction

Common Stock

Sale

Transaction value: $1,043,097
Shares: -5,790
Change %: -0.28%
Price: $180.16
Shares after: 2,070,717
Date: 18 Nov 2021
Ownership: Direct
Footnotes: F2, F3

AXON transaction

Common Stock

Options Exercise

Transaction value: $38,660,613
Shares: +212,491
Change %: +10%
Price: $181.94
Shares after: 2,283,208
Date: 19 Nov 2021
Ownership: Direct

AXON transaction

Common Stock

Sale

Transaction value: $4,310,317
Shares: -23,879
Change %: -1%
Price: $180.51
Shares after: 2,259,329
Date: 19 Nov 2021
Ownership: Direct
Footnotes: F1, F4

AXON transaction

Common Stock

Sale

Transaction value: $382,613
Shares: -2,107
Change %: -0.09%
Price: $181.59
Shares after: 2,257,222
Date: 19 Nov 2021
Ownership: Direct
Footnotes: F1, F5

AXON transaction

Common Stock

Sale

Transaction value: $10,388,838
Shares: -57,210
Change %: -2.5%
Price: $181.59
Shares after: 2,200,012
Date: 19 Nov 2021
Ownership: Direct
Footnotes: F2, F5

AXON transaction

Common Stock

Sale

Transaction value: $7,907,015
Shares: -43,354
Change %: -2%
Price: $182.38
Shares after: 2,156,658
Date: 19 Nov 2021
Ownership: Direct
Footnotes: F2, F6

AXON transaction

Common Stock

Sale

Transaction value: $618,923
Shares: -3,380
Change %: -0.16%
Price: $183.11
Shares after: 2,153,278
Date: 19 Nov 2021
Ownership: Direct
Footnotes: F2, F7

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

AXON transaction Derivative

Employee Stock Option

Options Exercise

Transaction value: $0
Shares: -167
Change %: -0.02%
Price: $0.000000
Shares after: 682,032
Date: 17 Nov 2021
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 167
Exercise price: $28.58

AXON transaction Derivative

Employee Stock Option

Award

Transaction value: $0
Shares: +530,488
Change %: +78%
Price: $0.000000
Shares after: 1,212,520
Date: 17 Nov 2021
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 530,488
Exercise price: $28.58
Footnotes: F8

AXON transaction Derivative

Employee Stock Option

Award

Transaction value: $0
Shares: +530,488
Change %: +44%
Price: $0.000000
Shares after: 1,743,008
Date: 17 Nov 2021
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 530,488
Exercise price: $28.58
Footnotes: F8

AXON transaction Derivative

Employee Stock Option

Options Exercise

Transaction value: $0
Shares: -11,982
Change %: -0.69%
Price: $0.000000
Shares after: 1,731,026
Date: 18 Nov 2021
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 11,982
Exercise price: $28.58

AXON transaction Derivative

Employee Stock Option

Options Exercise

Transaction value: $0
Shares: -212,491
Change %: -12%
Price: $0.000000
Shares after: 1,518,535
Date: 19 Nov 2021
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 212,491
Exercise price: $28.58

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 8 footnotes

Footnote F1

This sale of vested restricted stock units was executed pursuant to a filed Rule 10b5-1 plan.

Footnote F2

Securities disposed represent securities sold to settle the reporting person's tax liability and exercise price pursuant to a filed Rule 10b5-1 plan. The remainder of the shares, with the exception of those reported on this Form 4, are subject to a 2.5 year holding period.

Footnote F3

The transaction was executed in multiple trades at prices ranging from $180.00 to $180.50. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

Footnote F4

The transaction was executed in multiple trades at prices ranging from $180.00 to $180.97. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

Footnote F5

The transaction was executed in multiple trades at prices ranging from $181.00 to $181.99. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

Footnote F6

The transaction was executed in multiple trades at prices ranging from $182.00 to $182.96. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

Footnote F7

The transaction was executed in multiple trades at prices ranging from $183.00 to $183.40. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

Footnote F8

The transaction consists of performance-based restricted stock options granted on February 26, 2018 (which was approved by shareholders and became effective on May 24, 2018) for the achievement of tranches nine and ten of the CEO Performance Award for which the performance conditions were determined to have been certified by the Compensation Committee on the transaction date. The options for these tranches vested on November 17, 2021. Once the options are exercised, the shares are subject to a 2.5 year minimum holding period, excluding shares withheld, sold or made available to sell to cover taxes.