Jawad Ahsan - Sep 9, 2021 Form 4 Insider Report for AXON ENTERPRISE, INC. (AXON)

Role: CHIEF FINANCIAL OFFICER
Signature: /s/ Jawad A. Ahsan
Stock symbol: AXON
Transactions as of: Sep 9, 2021
Transactions value $: -$20,084,101
Form type: 4
Date filed: 9/9/2021, 09:56 PM
Previous filing: Jun 28, 2021
Next filing: Dec 3, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AXON	Common Stock	Award	$0	+249K	+142.57%	$0.00	424K	Sep 9, 2021	Direct	F1
transaction	AXON	Common Stock	Tax liability	-$20.1M	-111K	-26.13%	$181.15	313K	Sep 9, 2021	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 granted on January 2, 2019, for the achievement of tranches four through eight of the XSPP (eXponential Stock Performance Program) which was approved by shareholders and became effective on February 12, 2019, for which the performance conditions were determined to have been certified by the Compensation Committee on the transaction date. The units for this tranche vested on September 9, 2021. The shares are subject to a 2.5 year minimum holding period from the goal attainment date, excluding shares that are withheld or made available to sell to cover taxes.
F2	Securities disposed represent securities withheld to settle the reporting person's tax liability incident to the vesting of tranches four through eight of the XSPP (eXponential Stock Performance Plan). The remainder of the shares are subject to a 2.5 year minimum holding period.

Content

The transaction consists of performance-based restricted stock units granted on January 2, 2019, for the achievement of tranches four through eight of the XSPP (eXponential Stock Performance Program) which was approved by shareholders and became effective on February 12, 2019, for which the performance conditions were determined to have been certified by the Compensation Committee on the transaction date. The units for this tranche vested on September 9, 2021. The shares are subject to a 2.5 year minimum holding period from the goal attainment date, excluding shares that are withheld or made available to sell to cover taxes.

Securities disposed represent securities withheld to settle the reporting person's tax liability incident to the vesting of tranches four through eight of the XSPP (eXponential Stock Performance Plan). The remainder of the shares are subject to a 2.5 year minimum holding period.