Form 4: Axos Financial CEO Sells Shares, Donates Stock

Axos Financial's President and CEO, Gregory Garrabrants, reported the sale of 43,294 shares and two charitable donations of common stock totaling 2,522 shares.

Summary

• Gregory Garrabrants, President and CEO of Axos Financial, Inc., reported transactions involving the company's common stock.
• On February 4, 2026, Garrabrants sold 43,294 shares of common stock at a weighted average price of $99.099 per share. These transactions were executed under a Rule 10b5-1 plan.
• Following this sale, Garrabrants directly beneficially owned 1,418,751 shares.
• On February 5, 2026, Garrabrants made two charitable donations of common stock.
• The first donation consisted of 1,513 shares, valued at $149,742 based on a transfer price of $98.97 per share.
• The second donation consisted of 1,009 shares, valued at $99,861, also at a transfer price of $98.97 per share.
• After these donations, Garrabrants directly beneficially owned 1,416,229 shares.
• Garrabrants also holds 2,890 shares indirectly through a 401(k) Plan and 170,680 shares indirectly by Trust.
• The shares sold on February 4, 2026, were part of shares issued on June 30, 2025, following the vesting of Restricted Stock Units (RSUs) granted under the Axos Financial, Inc. 2014 Stock Incentive Plans.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive event. While there is insider selling, it was pre-planned and accompanied by significant charitable donations, with the CEO retaining a substantial stake.

Positives

• The sale was executed pursuant to a Rule 10b5-1(c) plan, indicating a pre-planned transaction rather than a reaction to recent events.
• The executive made significant charitable donations of company stock, totaling 2,522 shares with a combined value of approximately $249,603.
• Despite the sale and donations, the President and CEO retains a substantial direct beneficial ownership of 1,416,229 shares, plus indirect holdings, demonstrating continued alignment with shareholder interests.

Negatives

• The President and CEO sold a notable number of shares (43,294), which could be perceived as a reduction in direct exposure to the company's stock performance.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that insider transactions, particularly sales by top executives, are closely watched by the market as they can sometimes signal management's perception of future company performance. However, sales executed under a Rule 10b5-1 plan are generally viewed as less indicative of a change in sentiment, as they are pre-scheduled.

Stakeholder Impact

• Shareholders: May interpret the CEO's sale as a slight reduction in direct exposure, but the pre-planned nature and continued significant holdings mitigate concerns. The charitable donations are a personal act with no direct impact on company operations or value.

Key Dates

Recommendation

The Form 4 details a pre-planned sale and charitable donations by the CEO. While insider selling can sometimes be a red flag, the Rule 10b5-1 plan suggests a systematic approach rather than a reaction to new negative information. The CEO retains a substantial equity stake, indicating continued alignment with the company's long-term success. Without additional company-specific news or financial performance data, this filing alone does not warrant a change from a 'hold' position.

Keywords

Axos Financial, AX, insider trading, Form 4, stock sale, charitable donation, Gregory Garrabrants, CEO