Form 4: Axos Financial CEO Gregory Garrabrants Reports Stock Transactions
Statement of Changes in Beneficial Ownership
Axos Financial CEO Gregory Garrabrants reported transactions involving common stock and restricted stock units, including the acquisition of shares upon vesting and retention for tax withholding.
Summary
- Gregory Garrabrants, President and CEO of Axos Financial, Inc., filed a Form 4 detailing stock transactions on June 30, 2026.
- He acquired 202,032 shares of common stock at a price of $97.39 per share, following the vesting of Restricted Stock Units (RSUs).
- Additionally, 108,995 shares were retained by the company for tax withholding purposes related to the RSU vesting.
- Following these transactions, Garrabrants beneficially owns 1,618,261 shares directly, with additional holdings in a 401(k) plan and a trust.
- The RSUs, granted under the Axos Financial, Inc. 2014 Stock Incentive Plans, vest over four years, with one-fourth vesting annually.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this filing as neutral, as it represents routine insider stock transactions related to executive compensation rather than a significant strategic event.
Positives
- The vesting of RSUs indicates continued equity-based compensation for the CEO, aligning his interests with shareholders.
- The CEO's direct beneficial ownership of a significant number of shares (1,618,261) demonstrates a substantial personal investment in the company.
Negatives
- The retention of 108,995 shares for tax withholding represents a reduction in the net shares received by the reporting person.
Future Outlook
The filing does not contain forward-looking statements or guidance. It solely reports on past transactions.
Industry Context
StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions, providing transparency into executive stock ownership and activity. This filing reflects typical executive compensation practices involving equity awards.
Stakeholder Impact
- Shareholders: The transaction provides insight into the CEO's equity holdings and compensation structure, which can influence investor perception of management alignment.
Key Dates
| Date | Description |
|---|---|
| 06/30/2026 | Date of earliest transaction and transaction date for RSU vesting and stock acquisition/disposition. |
| 07/01/2026 | Date of signature for the filing. |
Keywords
Form 4, SEC Filing, Axos Financial, Gregory Garrabrants, Stock Transaction, Restricted Stock Units, RSU Vesting, Beneficial Ownership, Insider Trading, Executive Compensation
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