Patrick W. Smith - 24 Mar 2023 Form 4 Insider Report for AXON ENTERPRISE, INC. (AXON)

Reporting relationship: CHIEF EXECUTIVE OFFICER, Director
Issuer ticker: AXON
Reported as of: 24 Mar 2023
Net transaction value: +$10,988,230
SEC form: 4
Accepted by SEC: 28 Mar 2023, 21:54:38 UTC
Prior SEC filing: 13 Mar 2023
Next SEC filing: 31 Mar 2023
Source filing: View source filing
Reporting owner signature: /s/ Patrick W. Smith, by Isaiah Fields, Attorney-in-Fact

Key filing fact

Patrick W. Smith filed Form 4 for AXON ENTERPRISE, INC. (AXON) on 28 Mar 2023.

Key facts

This page summarizes Patrick W. Smith's Form 4 filing for AXON ENTERPRISE, INC. (AXON).
17 reported transactions and 4 derivative rows are listed below.
Accepted by SEC: 28 Mar 2023, 21:54.

Change

Previous filing in this sequence was filed on 13 Mar 2023.
Current net transaction value: +$10,988,230.

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: $12,648,273
Shares: +57,863
Change %: +2.1%
Price: $218.59
Shares after: 2,806,019
Date: 27 Mar 2023
Ownership: Direct
Footnotes: F1

AXON transaction

Common Stock

Sale

Transaction value: $1,170,914
Shares: -5,408
Change %: -0.19%
Price: $216.52
Shares after: 2,800,611
Date: 27 Mar 2023
Ownership: Direct
Footnotes: F1, F2, F3

AXON transaction

Common Stock

Sale

Transaction value: $3,696,904
Shares: -16,993
Change %: -0.61%
Price: $217.55
Shares after: 2,783,618
Date: 27 Mar 2023
Ownership: Direct
Footnotes: F1, F2, F4

AXON transaction

Common Stock

Sale

Transaction value: $1,095,933
Shares: -5,019
Change %: -0.18%
Price: $218.36
Shares after: 2,778,599
Date: 27 Mar 2023
Ownership: Direct
Footnotes: F1, F2, F5

AXON transaction

Common Stock

Sale

Transaction value: $907,709
Shares: -4,157
Change %: -0.15%
Price: $218.36
Shares after: 2,774,442
Date: 27 Mar 2023
Ownership: Direct
Footnotes: F1, F5, F6

AXON transaction

Common Stock

Sale

Transaction value: $498,192
Shares: -2,270
Change %: -0.08%
Price: $219.47
Shares after: 2,772,172
Date: 27 Mar 2023
Ownership: Direct
Footnotes: F1, F6, F7

AXON transaction

Common Stock

Sale

Transaction value: $94,220
Shares: -428
Change %: -0.02%
Price: $220.14
Shares after: 2,771,744
Date: 27 Mar 2023
Ownership: Direct
Footnotes: F1, F6, F8

AXON transaction

Common Stock

Options Exercise

Transaction value: $14,245,986
Shares: +66,076
Change %: +2.4%
Price: $215.60
Shares after: 2,837,820
Date: 28 Mar 2023
Ownership: Direct
Footnotes: F1

AXON transaction

Common Stock

Sale

Transaction value: $6,023,169
Shares: -27,963
Change %: -0.99%
Price: $215.40
Shares after: 2,809,857
Date: 28 Mar 2023
Ownership: Direct
Footnotes: F1, F2, F9

AXON transaction

Common Stock

Sale

Transaction value: $719,934
Shares: -3,332
Change %: -0.12%
Price: $216.07
Shares after: 2,806,525
Date: 28 Mar 2023
Ownership: Direct
Footnotes: F1, F2, F10

AXON transaction

Common Stock

Sale

Transaction value: $376,388
Shares: -1,742
Change %: -0.06%
Price: $216.07
Shares after: 2,804,783
Date: 28 Mar 2023
Ownership: Direct
Footnotes: F1, F6, F10

AXON transaction

Common Stock

Sale

Transaction value: $1,018,870
Shares: -4,689
Change %: -0.17%
Price: $217.29
Shares after: 2,800,094
Date: 28 Mar 2023
Ownership: Direct
Footnotes: F1, F6, F11

AXON transaction

Common Stock

Sale

Transaction value: $303,798
Shares: -1,393
Change %: -0.05%
Price: $218.09
Shares after: 2,798,701
Date: 28 Mar 2023
Ownership: Direct
Footnotes: F1, F6, F12

Reported derivative securities

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

AXON transaction Derivative

Employee Stock Option

Award

Transaction value: $0
Shares: +530,488
Change %: +8755%
Price: $0.000000
Shares after: 536,547
Date: 24 Mar 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 530,488
Exercise price: $28.58
Footnotes: F13

AXON transaction Derivative

Employee Stock Option

Options Exercise

Transaction value: $0
Shares: -6,059
Change %: -1.1%
Price: $0.000000
Shares after: 530,488
Date: 27 Mar 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 6,059
Exercise price: $28.58
Footnotes: F1

AXON transaction Derivative

Employee Stock Option

Options Exercise

Transaction value: $0
Shares: -51,804
Change %: -9.8%
Price: $0.000000
Shares after: 478,684
Date: 27 Mar 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 51,804
Exercise price: $28.58
Footnotes: F1

AXON transaction Derivative

Employee Stock Option

Options Exercise

Transaction value: $0
Shares: -66,076
Change %: -14%
Price: $0.000000
Shares after: 412,608
Date: 28 Mar 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 66,076
Exercise price: $28.58
Footnotes: F1

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

Additional SEC filing notes

Filing notes and footnotes

Rule 10b5-1 trading plan

These transactions were reported as open-market trades under a Rule 10b5-1 plan. The plan lets an insider set trading instructions in advance, which can reduce the risk of trading while in possession of material nonpublic information.

Original filing language: transaction made pursuant to a contract, instruction, or written plan intended to satisfy Rule 10b5-1(c).

Explanation of responses 13 footnotes

Footnote F1

The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 28, 2022.

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 $215.90 to $216.89. 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 $216.90 to $217.89. 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 $217.90 to $218.89. 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

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

Footnote F7

The transaction was executed in multiple trades at prices ranging from $218.90 to $219.68. 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 was executed in multiple trades at prices ranging from $219.93 to $220.36. 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 F9

The transaction was executed in multiple trades at prices ranging from $214.78 to $215.77. 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 F10

The transaction was executed in multiple trades at prices ranging from $215.78 to $216.67. 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 F11

The transaction was executed in multiple trades at prices ranging from $216.78 to $217.76. 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 F12

The transaction was executed in multiple trades at prices ranging from $217.81 to $218.72. 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 F13

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 the eleventh tranche 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 this tranche vested on March 24, 2023. Once the options are exercised, the shares are subject to a 2.5 year minimum holding period, excluding shares sold or made available to sell to cover taxes.