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

Role: CHIEF EXECUTIVE OFFICER, Director
Signature: /s/ Patrick W. Smith, by Isaiah Fields, Attorney-in-Fact
Stock symbol: AXON
Transactions as of: Mar 29, 2023
Transactions value $: $40,804,905
Form type: 4
Date filed: 3/31/2023, 06:30 PM
Previous filing: Mar 28, 2023
Next filing: Apr 4, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AXON	Common Stock	Options Exercise	$25.2M	+116K	+4.15%	$216.83	2.91M	Mar 29, 2023	Direct	F1
transaction	AXON	Common Stock	Sale	-$11.9M	-54.9K	-1.88%	$217.28	2.86M	Mar 29, 2023	Direct	F1, F2
transaction	AXON	Common Stock	Sale	-$2.98M	-13.7K	-0.48%	$217.28	2.85M	Mar 29, 2023	Direct	F1, F3
transaction	AXON	Common Stock	Options Exercise	$19.6M	+90.3K	+3.17%	$217.70	2.94M	Mar 30, 2023	Direct	F1
transaction	AXON	Common Stock	Sale	-$4.54M	-21K	-0.71%	$216.81	2.92M	Mar 30, 2023	Direct	F1, F2, F4
transaction	AXON	Common Stock	Sale	-$4.74M	-21.8K	-0.75%	$217.66	2.89M	Mar 30, 2023	Direct	F1, F2, F5
transaction	AXON	Common Stock	Sale	-$2.04M	-9.36K	-0.32%	$217.66	2.88M	Mar 30, 2023	Direct	F1, F3, F5
transaction	AXON	Common Stock	Sale	-$179K	-820	-0.03%	$218.37	2.88M	Mar 30, 2023	Direct	F1, F3, F6
transaction	AXON	Common Stock	Sale	-$110K	-503	-0.02%	$219.30	2.88M	Mar 30, 2023	Direct	F1, F3
transaction	AXON	Common Stock	Options Exercise	$45M	+200K	+6.95%	$224.85	3.08M	Mar 31, 2023	Direct	F1
transaction	AXON	Common Stock	Sale	-$428K	-1.95K	-0.06%	$219.49	3.08M	Mar 31, 2023	Direct	F1, F2, F7
transaction	AXON	Common Stock	Sale	-$197K	-891	-0.03%	$221.31	3.08M	Mar 31, 2023	Direct	F1, F2, F8
transaction	AXON	Common Stock	Sale	-$3.91M	-17.6K	-0.57%	$222.05	3.06M	Mar 31, 2023	Direct	F1, F2, F9
transaction	AXON	Common Stock	Sale	-$3.4M	-15.2K	-0.5%	$223.13	3.05M	Mar 31, 2023	Direct	F1, F2, F10
transaction	AXON	Common Stock	Sale	-$2.14M	-9.55K	-0.31%	$224.26	3.04M	Mar 31, 2023	Direct	F1, F2, F11
transaction	AXON	Common Stock	Sale	-$9.75M	-43.4K	-1.43%	$224.92	2.99M	Mar 31, 2023	Direct	F1, F2, F12
transaction	AXON	Common Stock	Sale	-$1.32M	-5.83K	-0.19%	$226.16	2.99M	Mar 31, 2023	Direct	F1, F2, F13
transaction	AXON	Common Stock	Sale	-$755K	-3.34K	-0.11%	$226.16	2.99M	Mar 31, 2023	Direct	F1, F3, F13
transaction	AXON	Common Stock	Sale	-$626K	-2.76K	-0.09%	$227.04	2.98M	Mar 31, 2023	Direct	F1, F3, F14

Showing 1 to 19 of 19 entries

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	-116K	-28.15%	$0.00	296K	Mar 29, 2023	Common Stock	116K	$28.58	Direct	F1
transaction	AXON	Employee Stock Option	Options Exercise	$0	-90.3K	-30.44%	$0.00	206K	Mar 30, 2023	Common Stock	90.3K	$28.58	Direct	F1
transaction	AXON	Employee Stock Option	Options Exercise	$0	-200K	-97.12%	$0.00	5.93K	Mar 31, 2023	Common Stock	200K	$28.58	Direct	F1

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

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id	Content
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.
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.
F3	This sale of vested restricted stock units was executed pursuant to a filed Rule 10b5-1 plan.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.