Danny L. Dearen - May 26, 2023 Form 4 Insider Report for Axonics, Inc. (AXNX)

Signature
/s/ Danny L. Dearen
Stock symbol
AXNX
Transactions as of
May 26, 2023
Transactions value $
-$395,646
Form type
4
Date filed
5/31/2023, 08:01 PM
Previous filing
Apr 25, 2023
Next filing
Oct 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AXNX Common Stock Sale -$381K -7.7K -44.76% $49.44 9.5K May 26, 2023 Direct F1, F2
transaction AXNX Common Stock Sale -$15K -300 -3.16% $50.14 9.2K May 26, 2023 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 This sale was effected pursuant to the Reporting Person's Rule 10b5-1 trading plan.
F2 This transaction was executed in multiple trades at prices ranging from $49.09 to $50.025. 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.