Jeffrey C. Kunins - May 18, 2023 Form 4 Insider Report for AXON ENTERPRISE, INC. (AXON)

Role: CHIEF PRODUCT OFFICER
Signature: /s/ Jeffrey C. Kunins by Isaiah Fields, Attorney-in-Fact
Stock symbol: AXON
Transactions as of: May 18, 2023
Transactions value $: -$5,714,564
Form type: 4
Date filed: 5/22/2023, 04:39 PM
Previous filing: Mar 13, 2023
Next filing: Jul 5, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AXON	Common Stock	Award	$0	+72K	+32.68%	$0.00	292K	May 18, 2023	Direct	F1
transaction	AXON	Common Stock	Tax liability	-$5.71M	-28.3K	-9.69%	$201.70	264K	May 18, 2023	Direct	F2

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

Explanation of Responses:

Id	Content
F1	The transaction consists of performance-based restricted stock units granted on January 2, 2019, for the achievement of tranches 11 and 12 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 these tranches vested on May 18, 2023. 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.
F2	Securities disposed represent securities withheld to settle the reporting person's tax liability incident to the vesting of tranches 11 and 12 of the XSPP (eXponential Stock Performance Plan). The remainder of the shares are subject to a 2.5 year minimum holding period.

Content

The transaction consists of performance-based restricted stock units granted on January 2, 2019, for the achievement of tranches 11 and 12 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 these tranches vested on May 18, 2023. 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.

Securities disposed represent securities withheld to settle the reporting person's tax liability incident to the vesting of tranches 11 and 12 of the XSPP (eXponential Stock Performance Plan). The remainder of the shares are subject to a 2.5 year minimum holding period.