Patrick W. Smith - Nov 30, 2021 Form 4 Insider Report for AXON ENTERPRISE, INC. (AXON)

Role: CHIEF EXECUTIVE OFFICER, Director
Signature: /s/ Patrick W. Smith, by Jawad A. Ahsan, Attorney-in-Fact
Stock symbol: AXON
Transactions as of: Nov 30, 2021
Transactions value $: $812,361
Form type: 4
Date filed: 12/2/2021, 08:04 PM
Previous filing: Nov 29, 2021
Next filing: Jan 19, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AXON	Common Stock	Options Exercise	$2.23M	+13.2K	+0.6%	$168.79	2.22M	Nov 30, 2021	Direct
transaction	AXON	Common Stock	Sale	-$1.14M	-6.31K	-0.28%	$180.30	2.21M	Nov 30, 2021	Direct	F1, F2
transaction	AXON	Common Stock	Sale	-$284K	-1.58K	-0.07%	$180.30	2.21M	Nov 30, 2021	Direct	F2
transaction	AXON	Common Stock	Award	$0	+5	+0%	$0.00	2.21M	Dec 2, 2021	Direct	F3
transaction	AXON	Common Stock	Tax liability	-$319	-2	0%	$159.36	2.21M	Dec 2, 2021	Direct	F4

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	AXON	Employee Stock Option	Options Exercise	$0	-13.2K	-0.95%	$0.00	1.38M	Nov 30, 2021	Common Stock	13.2K	$28.58	Direct

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Securities disposed represent securities sold to settle the reporting person's tax liability and exercise price. The remainder of the shares, with the exception of those reported on this Form 4, are subject to a 2.5 year holding period.
F2	The transaction was executed in multiple trades at prices ranging from $180.01 to $180.995. 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.
F3	The transaction consists of performance-based restricted stock units granted on January 2, 2019, for the achievement of tranche nine of the XSPP (eXponential Stock Performance Program) which was approved by shareholders and became effective on February 12, 2019, for which the performance conditions were determined to have been certified by the Compensation Committee on the transaction date. The units for this tranche vested on December 2, 2021. The shares are subject to a 2.5 year minimum holding period from the goal attainment date, excluding shares that are withheld to cover taxes.
F4	Securities disposed represent securities withheld to settle the reporting person's tax liability incident to the vesting of tranche 9 of the XSPP (eXponential Stock Performance Plan). The remainder of the shares are subject to a 2.5 year minimum holding period.