Gregory Garrabrants - 30 Jun 2022 Form 4 Insider Report for Axos Financial, Inc. (AX)

Role
President and CEO, Director
Signature
By: Derrick Walsh For: Gregory Garrabrants
Issuer symbol
AX
Transactions as of
30 Jun 2022
Transactions value $
$4,067,039
Form type
4
Filing time
05 Jul 2022, 17:23:48 UTC
Previous filing
27 Aug 2021
Next filing
03 Jul 2023
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 $8,589,265 +239,589 +16.48% $35.85 1,693,165 30 Jun 2022 Direct F1
transaction AX Common Stock Tax liability -$4,522,226 -126,143 -7.45% $35.85 1,567,022 30 Jun 2022 Direct F2
holding AX Common Stock 2,144 30 Jun 2022 401(k) Plan
holding AX Common Stock 170,680 30 Jun 2022 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 -239,589 -40.04% $0 358,764 30 Jun 2022 Common Stock 239,589 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, 2022 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. 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 Plans 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.