Patrick W. Smith - 29 Mar 2023 Form 4 Insider Report for AXON ENTERPRISE, INC. (AXON)

Signature
/s/ Patrick W. Smith, by Isaiah Fields, Attorney-in-Fact
Issuer symbol
AXON
Transactions as of
29 Mar 2023
Net transactions value
+$40,804,905
Form type
4
Filing time
31 Mar 2023, 18:30:51 UTC
Previous filing
28 Mar 2023
Next filing
04 Apr 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AXON Common Stock Options Exercise $25,181,552 +116,135 +4.1% $216.83 2,914,836 29 Mar 2023 Direct F1
transaction AXON Common Stock Sale $11,931,700 -54,913 -1.9% $217.28 2,859,923 29 Mar 2023 Direct F1, F2
transaction AXON Common Stock Sale $2,982,871 -13,728 -0.48% $217.28 2,846,195 29 Mar 2023 Direct F1, F3
transaction AXON Common Stock Options Exercise $19,649,384 +90,259 +3.2% $217.70 2,936,454 30 Mar 2023 Direct F1
transaction AXON Common Stock Sale $4,544,952 -20,963 -0.71% $216.81 2,915,491 30 Mar 2023 Direct F1, F2, F4
transaction AXON Common Stock Sale $4,741,018 -21,782 -0.75% $217.66 2,893,709 30 Mar 2023 Direct F1, F2, F5
transaction AXON Common Stock Sale $2,037,928 -9,363 -0.32% $217.66 2,884,346 30 Mar 2023 Direct F1, F3, F5
transaction AXON Common Stock Sale $179,066 -820 -0.03% $218.37 2,883,526 30 Mar 2023 Direct F1, F3, F6
transaction AXON Common Stock Sale $110,308 -503 -0.02% $219.30 2,883,023 30 Mar 2023 Direct F1, F3
transaction AXON Common Stock Options Exercise $45,032,958 +200,280 +6.9% $224.85 3,083,303 31 Mar 2023 Direct F1
transaction AXON Common Stock Sale $428,450 -1,952 -0.06% $219.49 3,081,351 31 Mar 2023 Direct F1, F2, F7
transaction AXON Common Stock Sale $197,184 -891 -0.03% $221.31 3,080,460 31 Mar 2023 Direct F1, F2, F8
transaction AXON Common Stock Sale $3,912,535 -17,620 -0.57% $222.05 3,062,840 31 Mar 2023 Direct F1, F2, F9
transaction AXON Common Stock Sale $3,400,208 -15,239 -0.5% $223.13 3,047,601 31 Mar 2023 Direct F1, F2, F10
transaction AXON Common Stock Sale $2,140,968 -9,547 -0.31% $224.26 3,038,054 31 Mar 2023 Direct F1, F2, F11
transaction AXON Common Stock Sale $9,751,484 -43,356 -1.4% $224.92 2,994,698 31 Mar 2023 Direct F1, F2, F12
transaction AXON Common Stock Sale $1,318,977 -5,832 -0.19% $226.16 2,988,866 31 Mar 2023 Direct F1, F2, F13
transaction AXON Common Stock Sale $755,381 -3,340 -0.11% $226.16 2,985,526 31 Mar 2023 Direct F1, F3, F13
transaction AXON Common Stock Sale $625,958 -2,757 -0.09% $227.04 2,982,769 31 Mar 2023 Direct F1, F3, F14

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 AXON Employee Stock Option Options Exercise $0 -116,135 -28% $0.000000 296,473 29 Mar 2023 Common Stock 116,135 $28.58 Direct F1
transaction AXON Employee Stock Option Options Exercise $0 -90,259 -30% $0.000000 206,214 30 Mar 2023 Common Stock 90,259 $28.58 Direct F1
transaction AXON Employee Stock Option Options Exercise $0 -200,280 -97% $0.000000 5,934 31 Mar 2023 Common Stock 200,280 $28.58 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 28, 2022.
F2 Securities disposed represent securities sold to settle the reporting person's tax liability and exercise price pursuant to a filed Rule 10b5-1 plan. The remainder of the shares, with the exception of those reported on this Form 4, are subject to a 2.5 year holding period.
F3 This sale of vested restricted stock units was executed pursuant to a filed Rule 10b5-1 plan.
F4 The transaction was executed in multiple trades at prices ranging from $216.25 to $217.24. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F5 The transaction was executed in multiple trades at prices ranging from $217.25 to $218.22. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F6 The transaction was executed in multiple trades at prices ranging from $218.25 to $219.07. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F7 The transaction was executed in multiple trades at prices ranging from $218.88 to $219.87. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F8 The transaction was executed in multiple trades at prices ranging from $220.62 to $221.61. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F9 The transaction was executed in multiple trades at prices ranging from $221.62 to $222.61. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F10 The transaction was executed in multiple trades at prices ranging from $222.63 to $223.62. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F11 The transaction was executed in multiple trades at prices ranging from $223.64 to $224.63. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F12 The transaction was executed in multiple trades at prices ranging from $224.64 to $225.56. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F13 The transaction was executed in multiple trades at prices ranging from $225.70 to $226.66. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F14 The transaction was executed in multiple trades at prices ranging from $226.72 to $227.57. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.