Danny L. Dearen - Jan 31, 2022 Form 4 Insider Report for Axonics, Inc. (AXNX)

Role
Officer
Signature
/s/ Danny L. Dearen
Stock symbol
AXNX
Transactions as of
Jan 31, 2022
Transactions value $
-$1,591,790
Form type
4
Date filed
2/3/2022, 08:30 PM
Previous filing
Jan 20, 2022
Next filing
Oct 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AXNX Common Stock Options Exercise $284K +20K +200% $14.19* 30K Feb 1, 2022 Direct
transaction AXNX Common Stock Sale -$94.5K -2.02K -6.72% $46.83 28K Feb 1, 2022 Direct F1, F2
transaction AXNX Common Stock Sale -$180K -3.73K -13.33% $48.26 24.3K Feb 1, 2022 Direct F1, F3
transaction AXNX Common Stock Sale -$680K -13.9K -57.12% $49.07 10.4K Feb 1, 2022 Direct F1, F4
transaction AXNX Common Stock Sale -$19.9K -400 -3.85% $49.70 10K Feb 1, 2022 Direct F1, F5
transaction AXNX Common Stock Award $0 +11K +110% $0.00 21K Jan 31, 2022 Direct
transaction AXNX Common Stock Options Exercise $0 +36.9K +369.19% $0.00 46.9K Feb 3, 2022 Direct
transaction AXNX Common Stock Sale -$855K -17.7K -37.8% $48.21 29.2K Feb 3, 2022 Direct F6, F7
transaction AXNX Common Stock Sale -$46.4K -947 -3.25% $49.03 28.2K Feb 3, 2022 Direct F6, F8

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 AXNX Stock Option (Right to Buy) Options Exercise $0 -20K -38.12% $0.00 32.5K Feb 1, 2022 Common Stock 20K $14.19 Direct F9
transaction AXNX Performance-Based Restricted Stock Units Award $0 +5.25K $0.00 5.25K Jan 31, 2022 Common Stock 5.25K Direct F10
transaction AXNX Performance-Based Restricted Stock Units Award $0 +5.25K $0.00 5.25K Jan 31, 2022 Common Stock 5.25K Direct F11
transaction AXNX Performance-Based Restricted Stock Units Options Exercise $0 -10.8K -100% $0.00* 0 Feb 3, 2022 Common Stock 10.8K Direct F12
transaction AXNX Performance-Based Restricted Stock Units Options Exercise $0 -26.1K -100% $0.00* 0 Feb 3, 2022 Common Stock 26.1K $0.00 Direct F13
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The sale was effected pursuant to the Reporting Person's Rule 10b5-1 trading plan.
F10 Each Performance-Based Restricted Stock Unit represents the contingent right to receive one share of common stock, subject to the Issuer's achievement of certain operational and performance objectives during the fiscal year ending December 31, 2022 and provided the reporting person remains in continuous service through January 31, 2023.
F11 The number of Performance-Based Restricted Stock Units represents the target number of Performance-Based Restricted Stock Units that were granted to the reporting person on the date of grant, each of which represents the contingent right to receive one share of common stock, subject to the conditions set forth in the award agreement. Per the terms of the award agreement governing the Performance-Based Restricted Stock Units, the number of Performance-Based Restricted Stock Units to which the reporting person may ultimately become entitled ranges from 0% to 200% of the target number of Performance-Based Restricted Stock Units granted, based upon the total shareholder return of the Issuer's common stock relative to its peer group index over a performance period consisting of the two fiscal years ending January 31, 2024, and provided the reporting person remains in continuous service through January 31, 2024.
F12 Each Performance-Based Restricted Stock Unit represents the contingent right to receive one share of common stock, subject to the Issuer's achievement of certain operational and performance objectives during the fiscal year ending December 31, 2021 and provided the reporting person remains in continuous service through January 31, 2022.
F13 The number of Performance-Based Restricted Stock Units represents the target number of Performance-Based Restricted Stock Units that were granted to the reporting person on the date of grant, each of which represents the contingent right to receive one share of common stock, subject to the conditions set forth in the award agreement. Per the terms of the award agreement governing the Performance-Based Restricted Stock Units, the number of Performance-Based Restricted Stock Units to which the reporting person may ultimately become entitled ranges from 0% to 200% of the target number of Performance-Based Restricted Stock Units granted, based upon the total shareholder return of the Issuer's common stock relative to its peer group index over a performance period consisting of the two fiscal years ending December 31, 2021, and provided the reporting person remains in continuous service through December 31, 2021.
F2 This transaction was executed in multiple trades at prices ranging from $46.475 to $47.41. The price reported above reflects the weighted average 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.
F3 This transaction was executed in multiple trades at prices ranging from $47.66 to $48.56. The price reported above reflects the weighted average 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 This transaction was executed in multiple trades at prices ranging from $48.66 to $49.61. The price reported above reflects the weighted average 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 This transaction was executed in multiple trades at prices ranging from $49.66 to $49.71. The price reported above reflects the weighted average 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 Shares of Issuer's common stock sold to cover the reporting person's tax obligation in connection with the conversion of the Performance-Based Restricted Stock Units disclosed herein.
F7 This transaction was executed in multiple trades at prices ranging from $47.76 to $48.75. The price reported above reflects the weighted average 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 This transaction was executed in multiple trades at prices ranging from $48.78 to $49.14. The price reported above reflects the weighted average 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 option becomes exercisable as follows: (i) 1/4 of the total number of shares of common stock underlying the option will vest on January 30, 2020 and (ii) 1/36 of the remaining shares of common stock underlying the option will vest monthly thereafter, such that the option will fully vest on January 30, 2023, provided the reporting person remains in continuous service on each vesting date.