Derrick Walsh - Mar 8, 2023 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
Mar 8, 2023
Transactions value $
$39,887
Form type
4
Date filed
3/10/2023, 06:13 PM
Previous filing
Sep 26, 2022
Next filing
Mar 14, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AX Common Stock Options Exercise $96.9K +2.12K +8.14% $45.69 28.2K Mar 8, 2023 Direct F1
transaction AX Common Stock Tax liability -$57K -1.25K -4.43% $45.69 26.9K Mar 8, 2023 Direct F1, F2
holding AX Common Stock 2.11K Mar 8, 2023 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 Options Exercise $0 -2.12K -8.09% $0.00 24.1K Mar 8, 2023 Common Stock 2.12K Direct F3, F4
* 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 March 8, 2023 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 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.
F4 The RSUs vest as to one-third of the shares on each anniversary date of grant.