Brian Swanson - Jul 30, 2021 Form 4 Insider Report for Axos Financial, Inc. (AX)

Role
EVP, Head of Consumer Bank
Signature
By: Andrew J Micheletti For: Brian Swanson
Stock symbol
AX
Transactions as of
Jul 30, 2021
Transactions value $
$57,946
Form type
4
Date filed
8/3/2021, 04:19 PM
Next filing
Aug 27, 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 $88.6K +1.85K +5.99% $47.85 32.8K Jul 30, 2021 Direct F1
transaction AX Common Stock Tax liability -$30.6K -640 -1.95% $47.85 32.1K Jul 30, 2021 Direct F1, F2
holding AX Common Stock 1.69K Jul 30, 2021 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 -1.85K -6.03% $0.00 28.9K Jul 30, 2021 Common Stock 1.85K 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 July 30, 2021, 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.
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. 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 three years, one-third on each anniversary date of grant.