PATRICK W. SMITH - 03 Apr 2023 Form 4 Insider Report for AXON ENTERPRISE, INC. (AXON)

Role
CHIEF EXECUTIVE OFFICER, Director
Signature
/s/ Patrick W. Smith, by Isaiah Fields
Issuer symbol
AXON
Transactions as of
03 Apr 2023
Net transactions value
+$665,261
Form type
4
Filing time
04 Apr 2023, 19:20:08 UTC
Previous filing
31 Mar 2023
Next filing
22 May 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AXON Common Stock Options Exercise $1,248,598 +5,491 +0.18% $227.39 2,988,260 03 Apr 2023 Direct F1
transaction AXON Common Stock Sale $322,258 -1,439 -0.05% $223.95 2,986,821 03 Apr 2023 Direct F1, F2, F3
transaction AXON Common Stock Sale $261,080 -1,161 -0.04% $224.87 2,985,660 03 Apr 2023 Direct F1, F2, 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 -5,491 -93% $0.000000 443 03 Apr 2023 Common Stock 5,491 $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 The transaction was executed in multiple trades at prices ranging from $223.40 to $224.30. 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.
F4 The transaction was executed in multiple trades at prices ranging from $224.52 to $225.10. 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.