Derrick Walsh - Sep 23, 2022 Form 4 Insider Report for Axos Financial, Inc. (AX)

Role: EVP, Chief Financial Officer
Signature: By: Andrew J Micheletti For: Derrick Walsh
Stock symbol: AX
Transactions as of: Sep 23, 2022
Transactions value $: $24,914
Form type: 4
Date filed: 9/27/2022, 07:43 PM
Previous filing: Sep 2, 2022
Next filing: Mar 10, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AX	Common Stock	Options Exercise	$52.6K	+1.43K	+5.64%	$36.80	26.8K	Sep 24, 2022	Direct	F1
transaction	AX	Common Stock	Disposed to Issuer	-$27.7K	-752	-2.81%	$36.80	26K	Sep 24, 2022	Direct	F2
holding	AX	Common Stock						2.11K	Sep 23, 2022	401(k) Plan

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	AX	Restricted Stock Units	Award	$0	+5.98K	+27.61%	$0.00	27.6K	Sep 23, 2022	Common Stock	5.98K		Direct	F3, F4, F5
transaction	AX	Restricted Stock Units	Options Exercise	$0	-1.43K	-5.17%	$0.00	26.2K	Sep 24, 2022	Common Stock	1.43K		Direct	F4, F5, F6

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

Explanation of Responses:

Id	Content
F1	Represents shares of Common Stock issued on September 24, 2022 following the vesting of Restricted Stock Units (RSUs) which vest one-third each year. The RSUs were previously granted to the reporting person under the Axos Financial, Inc. 2014 Stock Incentive Plan in connection with the reporting person's employment agreement as Chief Financial Officer.
F2	Represents shares of Common Stock retained by Axos Financial, Inc. in exchange for cash paid to the reporting person for tax liabilities in respect to the vested RSUs.
F3	Grant to the reporting person on September 23, 2022 of restricted stock units ("RSUs") under the Axos Financial, Inc. 2014 stock incentive plan in connection with the reporting person's employment contract as Chief Financial Officer.
F4	Each RSU represents a contingent right to receive one share of Axos Financial, Inc. Common Stock.
F5	The RSUs vest as to one-third of the shares on each anniversary date of grant.
F6	The RSUs were granted to the reporting person under the Axos Financial, Inc. 2014 Stock Incentive Plan in connection with the reporting person's employment agreement as Chief Financial Officer.