Patrick W. Smith - 29 Mar 2023 Form 4 Insider Report for AXON ENTERPRISE, INC. (AXON)

Reporting relationship: CHIEF EXECUTIVE OFFICER, Director
Issuer ticker: AXON
Reported as of: 29 Mar 2023
Net transaction value: +$40,804,905
SEC form: 4
Accepted by SEC: 31 Mar 2023, 18:30:51 UTC
Prior SEC filing: 28 Mar 2023
Next SEC filing: 04 Apr 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 31 Mar 2023.

Key facts

This page summarizes Patrick W. Smith's Form 4 filing for AXON ENTERPRISE, INC. (AXON).
22 reported transactions and 3 derivative rows are listed below.
Accepted by SEC: 31 Mar 2023, 18:30.

Change

Previous filing in this sequence was filed on 28 Mar 2023.
Current net transaction value: +$40,804,905.

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: $25,181,552
Shares: +116,135
Change %: +4.1%
Price: $216.83
Shares after: 2,914,836
Date: 29 Mar 2023
Ownership: Direct
Footnotes: F1

AXON transaction

Common Stock

Sale

Transaction value: $11,931,700
Shares: -54,913
Change %: -1.9%
Price: $217.28
Shares after: 2,859,923
Date: 29 Mar 2023
Ownership: Direct
Footnotes: F1, F2

AXON transaction

Common Stock

Sale

Transaction value: $2,982,871
Shares: -13,728
Change %: -0.48%
Price: $217.28
Shares after: 2,846,195
Date: 29 Mar 2023
Ownership: Direct
Footnotes: F1, F3

AXON transaction

Common Stock

Options Exercise

Transaction value: $19,649,384
Shares: +90,259
Change %: +3.2%
Price: $217.70
Shares after: 2,936,454
Date: 30 Mar 2023
Ownership: Direct
Footnotes: F1

AXON transaction

Common Stock

Sale

Transaction value: $4,544,952
Shares: -20,963
Change %: -0.71%
Price: $216.81
Shares after: 2,915,491
Date: 30 Mar 2023
Ownership: Direct
Footnotes: F1, F2, F4

AXON transaction

Common Stock

Sale

Transaction value: $4,741,018
Shares: -21,782
Change %: -0.75%
Price: $217.66
Shares after: 2,893,709
Date: 30 Mar 2023
Ownership: Direct
Footnotes: F1, F2, F5

AXON transaction

Common Stock

Sale

Transaction value: $2,037,928
Shares: -9,363
Change %: -0.32%
Price: $217.66
Shares after: 2,884,346
Date: 30 Mar 2023
Ownership: Direct
Footnotes: F1, F3, F5

AXON transaction

Common Stock

Sale

Transaction value: $179,066
Shares: -820
Change %: -0.03%
Price: $218.37
Shares after: 2,883,526
Date: 30 Mar 2023
Ownership: Direct
Footnotes: F1, F3, F6

AXON transaction

Common Stock

Sale

Transaction value: $110,308
Shares: -503
Change %: -0.02%
Price: $219.30
Shares after: 2,883,023
Date: 30 Mar 2023
Ownership: Direct
Footnotes: F1, F3

AXON transaction

Common Stock

Options Exercise

Transaction value: $45,032,958
Shares: +200,280
Change %: +6.9%
Price: $224.85
Shares after: 3,083,303
Date: 31 Mar 2023
Ownership: Direct
Footnotes: F1

AXON transaction

Common Stock

Sale

Transaction value: $428,450
Shares: -1,952
Change %: -0.06%
Price: $219.49
Shares after: 3,081,351
Date: 31 Mar 2023
Ownership: Direct
Footnotes: F1, F2, F7

AXON transaction

Common Stock

Sale

Transaction value: $197,184
Shares: -891
Change %: -0.03%
Price: $221.31
Shares after: 3,080,460
Date: 31 Mar 2023
Ownership: Direct
Footnotes: F1, F2, F8

AXON transaction

Common Stock

Sale

Transaction value: $3,912,535
Shares: -17,620
Change %: -0.57%
Price: $222.05
Shares after: 3,062,840
Date: 31 Mar 2023
Ownership: Direct
Footnotes: F1, F2, F9

AXON transaction

Common Stock

Sale

Transaction value: $3,400,208
Shares: -15,239
Change %: -0.5%
Price: $223.13
Shares after: 3,047,601
Date: 31 Mar 2023
Ownership: Direct
Footnotes: F1, F2, F10

AXON transaction

Common Stock

Sale

Transaction value: $2,140,968
Shares: -9,547
Change %: -0.31%
Price: $224.26
Shares after: 3,038,054
Date: 31 Mar 2023
Ownership: Direct
Footnotes: F1, F2, F11

AXON transaction

Common Stock

Sale

Transaction value: $9,751,484
Shares: -43,356
Change %: -1.4%
Price: $224.92
Shares after: 2,994,698
Date: 31 Mar 2023
Ownership: Direct
Footnotes: F1, F2, F12

AXON transaction

Common Stock

Sale

Transaction value: $1,318,977
Shares: -5,832
Change %: -0.19%
Price: $226.16
Shares after: 2,988,866
Date: 31 Mar 2023
Ownership: Direct
Footnotes: F1, F2, F13

AXON transaction

Common Stock

Sale

Transaction value: $755,381
Shares: -3,340
Change %: -0.11%
Price: $226.16
Shares after: 2,985,526
Date: 31 Mar 2023
Ownership: Direct
Footnotes: F1, F3, F13

AXON transaction

Common Stock

Sale

Transaction value: $625,958
Shares: -2,757
Change %: -0.09%
Price: $227.04
Shares after: 2,982,769
Date: 31 Mar 2023
Ownership: Direct
Footnotes: F1, F3, F14

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: -116,135
Change %: -28%
Price: $0.000000
Shares after: 296,473
Date: 29 Mar 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 116,135
Exercise price: $28.58
Footnotes: F1

AXON transaction Derivative

Employee Stock Option

Options Exercise

Transaction value: $0
Shares: -90,259
Change %: -30%
Price: $0.000000
Shares after: 206,214
Date: 30 Mar 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 90,259
Exercise price: $28.58
Footnotes: F1

AXON transaction Derivative

Employee Stock Option

Options Exercise

Transaction value: $0
Shares: -200,280
Change %: -97%
Price: $0.000000
Shares after: 5,934
Date: 31 Mar 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 200,280
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 14 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

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

Footnote F4

The transaction was executed in multiple trades at prices ranging from $216.25 to $217.24. 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 $217.25 to $218.22. 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 $218.25 to $219.07. 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 $218.88 to $219.87. 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 $220.62 to $221.61. 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 $221.62 to $222.61. 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 $222.63 to $223.62. 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 $223.64 to $224.63. 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 $224.64 to $225.56. 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 was executed in multiple trades at prices ranging from $225.70 to $226.66. 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 F14

The transaction was executed in multiple trades at prices ranging from $226.72 to $227.57. 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.