Patrick W. Smith - 18 May 2023 Form 4 Insider Report for AXON ENTERPRISE, INC. (AXON)

Role: CHIEF EXECUTIVE OFFICER, Director
Signature: /s/ Patrick W. Smith by Isaiah Fields, Attorney-in-Fact
Issuer symbol: AXON
Transactions as of: 18 May 2023
Net transactions value: -$807
Form type: 4
Filing time: 22 May 2023, 16:36:25 UTC
Previous filing: 04 Apr 2023
Next filing: 30 May 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AXON	Common Stock	Award	$0	+10	+0%	$0.000000	2,985,670	18 May 2023	Direct	F1
transaction	AXON	Common Stock	Tax liability	$807	-4	-0%	$201.70	2,985,666	18 May 2023	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The transaction consists of performance-based restricted stock units granted on January 2, 2019, for the achievement of tranches 11 and 12 of the XSPP (eXponential Stock Performance Program) which was approved by shareholders and became effective on February 12, 2019, for which the performance conditions were determined to have been certified by the Compensation Committee on the transaction date. The units for these tranches vested on May 18, 2023. The shares are subject to a 2.5 year minimum holding period from the goal attainment date, excluding shares that are withheld to cover taxes.
F2	Securities disposed represent securities withheld to settle the reporting person's tax liability incident to the vesting of tranches 11 and 12 of the XSPP (eXponential Stock Performance Plan). The remainder of the shares are subject to a 2.5 year minimum holding period.

Content

The transaction consists of performance-based restricted stock units granted on January 2, 2019, for the achievement of tranches 11 and 12 of the XSPP (eXponential Stock Performance Program) which was approved by shareholders and became effective on February 12, 2019, for which the performance conditions were determined to have been certified by the Compensation Committee on the transaction date. The units for these tranches vested on May 18, 2023. The shares are subject to a 2.5 year minimum holding period from the goal attainment date, excluding shares that are withheld to cover taxes.

Securities disposed represent securities withheld to settle the reporting person's tax liability incident to the vesting of tranches 11 and 12 of the XSPP (eXponential Stock Performance Plan). The remainder of the shares are subject to a 2.5 year minimum holding period.