Ron Pitters - 20 Mar 2023 Form 4 Insider Report for Axos Financial, Inc. (AX)

Role
SVP, Head of Axos Securities
Signature
By: Derrick K. Walsh For: Ron Pitters
Issuer symbol
AX
Transactions as of
20 Mar 2023
Transactions value $
$11,424
Form type
4
Date filed
23 Mar 2023, 17:26
Previous filing
17 Mar 2023
Next filing
24 Mar 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 $19.2K +512 +4.18% $37.58 12.8K 20 Mar 2023 Direct F1, F2
transaction AX Common Stock Disposed to Issuer -$7.82K -208 -1.63% $37.58 12.5K 20 Mar 2023 Direct F3
holding AX Common Stock 1.53K 20 Mar 2023 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 -512 -5.1% $0.00 9.53K 20 Mar 2023 Common Stock 512 Direct F2, F4, F5
* 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 20, 2023, following the vesting of Restricted Stock Units ("RSUs") which vest as to one-third of the shares on each anniversary of the date of grant. The RSUs were previously granted to the reporting person under the Axos Financial, Inc. 2014 Stock Incentive Plan.
F2 Each RSU represents a contingent right to receive one share of Axos Financial, Inc. Common Stock.
F3 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.
F4 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.
F5 The RSUs vest as to one-third of the shares on each anniversary date of grant.