Form 4: Axon Officer's Stock Transactions Post-Performance Vesting

Axon's Chief Accounting Officer, Jennifer H. Mak, reported the vesting of performance-based restricted stock units and subsequent tax-related share disposition.

Summary

• Jennifer H. Mak, Chief Accounting Officer of Axon Enterprise, Inc., reported transactions involving the company's common stock.
• On November 13, 2025, 3,906 shares of common stock were acquired due to the vesting of performance-based restricted stock units (XSUs).
• These XSUs were granted on December 22, 2023, and the performance conditions for the third tranche were certified by the Compensation Committee on November 13, 2025.
• The acquired shares will officially vest on June 1, 2026, contingent on continued employment.
• A minimum holding period applies to these shares until the earlier of December 31, 2030, or the vesting of a subsequent XSU tranche, excluding shares used for tax purposes.
• Concurrently, 2,277 shares of common stock were disposed of at a price of $557.29 per share to cover tax liabilities arising from the RSU vesting.
• Following these transactions, Jennifer H. Mak beneficially owns 16,632 shares of Axon common stock.

Sentiment

Score: 6

Explanation: Slightly positive, as the vesting indicates performance targets were met, which is generally a good sign for the company. The tax-related disposition is a neutral, standard event.

Positives

• The certification by the Compensation Committee that performance conditions for a tranche of restricted stock units were met indicates the company achieved specific performance targets.
• The vesting of performance-based restricted stock units aligns executive incentives with company performance and shareholder value.

Negatives

• The disposition of shares to cover tax liabilities is a standard practice and not inherently negative, but it does represent a reduction in the officer's direct shareholding.

Future Outlook

The acquired performance-based restricted stock units are scheduled to vest on June 1, 2026, provided the reporting person remains employed. A minimum holding period for these shares extends until December 31, 2030, or until a subsequent tranche of XSUs vests.

Industry Context

NA

Corporate Governance

Stakeholder Impact

• Shareholders: The transaction is a routine insider compensation event and is unlikely to have a significant direct impact on the share price or shareholder value beyond standard disclosure.
• Employees: The vesting of performance-based units can serve as a positive signal regarding the company's performance and its compensation structure for key personnel.

Next Steps

• The acquired shares will vest on June 1, 2026, subject to continued employment.
• The vested shares will be subject to a minimum holding period until the earlier of December 31, 2030, or the date a subsequent XSU tranche vests.

Key Dates

Keywords

Axon Enterprise, AXON, Form 4, Insider Trading, Restricted Stock Units, RSU Vesting, Executive Compensation, Stock Transactions, Chief Accounting Officer