Jennifer H. Mak - 13 Nov 2025 Form 4 Insider Report for AXON ENTERPRISE, INC. (AXON)

Role: Chief Accounting Officer
Signature: /s/ Jennifer H. Mak by Isaiah Fields, Attorney-in-Fact
Issuer symbol: AXON
Transactions as of: 13 Nov 2025
Net transactions value: -$1,268,949
Form type: 4
Filing time: 17 Nov 2025, 17:06:37 UTC
Previous filing: 15 Sep 2025
Next filing: 03 Dec 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Mak Jennifer H	Chief Accounting Officer	17800 N 85TH ST, SCOTTSDALE	/s/ Jennifer H. Mak by Isaiah Fields, Attorney-in-Fact	17 Nov 2025	0001673075

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AXON	Common Stock	Award	$0	+3,906	+26%	$0.000000	18,909	13 Nov 2025	Direct	F1
transaction	AXON	Common Stock	Tax liability	$1,268,949	-2,277	-12%	$557.29	16,632	13 Nov 2025	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 (collectively, "XSUs") granted on December 22, 2023 pursuant to the Axon Enterprise, Inc. 2024 eXponential Stock Plan, for which the performance conditions for the third tranche of XSUs (the "Tranche") were certified by the issuer's Compensation Committee of the Board of Directors on November 13, 2025 as having been met. The Tranche will vest on June 1, 2026, subject to continued employment through such date. Following the vesting, the shares deliverable for the Tranche are subject to a minimum holding period until the earlier of (i) December 31, 2030 and (ii) the date on which a subsequent tranche of XSUs vests, excluding shares withheld or sold to cover applicable taxes.
F2	Securities disposed represent securities withheld to settle the reporting person's tax liability resulting from the vesting of restricted stock units.

Content

The transaction consists of performance-based restricted stock units (collectively, "XSUs") granted on December 22, 2023 pursuant to the Axon Enterprise, Inc. 2024 eXponential Stock Plan, for which the performance conditions for the third tranche of XSUs (the "Tranche") were certified by the issuer's Compensation Committee of the Board of Directors on November 13, 2025 as having been met. The Tranche will vest on June 1, 2026, subject to continued employment through such date. Following the vesting, the shares deliverable for the Tranche are subject to a minimum holding period until the earlier of (i) December 31, 2030 and (ii) the date on which a subsequent tranche of XSUs vests, excluding shares withheld or sold to cover applicable taxes.

Securities disposed represent securities withheld to settle the reporting person's tax liability resulting from the vesting of restricted stock units.