Derrick Walsh - Mar 15, 2024 Form 4 Insider Report for Axos Financial, Inc. (AX)

Role
EVP, Chief Financial Officer
Signature
By: Andrew J Micheletti For: Derrick K. Walsh
Stock symbol
AX
Transactions as of
Mar 15, 2024
Transactions value $
$40,631
Form type
4
Date filed
3/19/2024, 05:22 PM
Previous filing
Mar 12, 2024
Next filing
Mar 27, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AX Common Stock Options Exercise $98.2K +1.99K +6.07% $49.43 34.7K Mar 15, 2024 Direct F1
transaction AX Common Stock Tax liability -$57.6K -1.17K -3.36% $49.43 33.6K Mar 15, 2024 Direct F2
holding AX Common Stock 2.59K Mar 15, 2024 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 +4.86K +21% $0.00 28K Mar 15, 2024 Common Stock 4.86K Direct F3, F4, F5
transaction AX Restricted Stock Units Options Exercise $0 -1.99K -7.1% $0.00 26K Mar 15, 2024 Common Stock 1.99K 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 March 15, 2024 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 Amended and Restated 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. for tax withholding purposes in connection with the net-settlement on the issuance of shares of Common Stock in respect to the vested RSUs.
F3 Grant to the reporting person on March 15, 2024 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. The RSUs are accompanied by dividend equivalent rights.