Gregory Garrabrants - 30 Jun 2021 Form 4 Insider Report for Axos Financial, Inc. (AX)

Role
President and CEO, Director
Signature
By: Andrew J. Micheletti For: Gregory Garrabrants
Issuer symbol
AX
Transactions as of
30 Jun 2021
Transactions value $
$3,514,506
Form type
4
Filing time
01 Jul 2021, 16:32:51 UTC
Next filing
27 Aug 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AX Common Stock Options Exercise $7,422,400 +160,000 +11.61% $46.39 1,537,816 30 Jun 2021 Direct F1
transaction AX Common Stock Tax liability -$3,907,893 -84,240 -5.48% $46.39 1,453,576 30 Jun 2021 Direct F1, F2
holding AX Common Stock 1,942 30 Jun 2021 401(k) Plan
holding AX Common Stock 170,680 30 Jun 2021 by Trust

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 -160,000 -57.14% $0 120,000 30 Jun 2021 Common Stock 160,000 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 June 30, 2021 following the vesting of Restricted Stock Units ("RSUs") which vest one-fourth each year. The RSUs were previously granted to the reporting person under the Axos Financial, Inc. 2014 Stock Incentive Plans in connection with the reporting person's employment agreement as President and Chief Executive 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 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 President and Chief Executive Officer. Each RSU represents a contingent right to receive one share of Axos Financial, Inc. Common Stock. The RSUs are accompanied by dividend equivalent rights.
F4 The RSUs vest over four years, one-fourth on each fiscal year-end following the date of grant.