Form 4: Axos Financial COO's Equity Transactions

Axos Financial's COO, Raymond D. Matsumoto, reported the vesting of restricted stock units, associated tax withholdings, and a new RSU grant on September 15, 2025.

Summary

• Raymond D. Matsumoto, EVP and Chief Operating Officer of Axos Financial, Inc. (AX), reported equity transactions on September 15, 2025.
• These transactions included the vesting of previously granted Restricted Stock Units (RSUs) and the subsequent acquisition of common stock.
• A portion of the acquired shares was withheld by Axos Financial for tax purposes in connection with the net-settlement on the issuance of shares.
• Matsumoto also received a new grant of 3,212 Restricted Stock Units under the Axos Financial, Inc. 2014 Stock Incentive Plan.

Sentiment

Score: 5

Explanation: The filing details routine executive compensation transactions (RSU vesting, tax withholding, new grant) and does not contain information that would significantly alter the company's outlook or performance.

Positives

• Raymond D. Matsumoto acquired a total of 3,876 shares of Common Stock (2,241 shares and 1,635 shares) through the vesting of previously granted Restricted Stock Units.
• Matsumoto received a new grant of 3,212 Restricted Stock Units, indicating continued long-term incentive compensation from Axos Financial, Inc.

Negatives

• 1,386 shares of Common Stock (585 shares and 801 shares) were disposed of by Axos Financial, Inc. for tax withholding purposes, which is a standard procedure upon RSU vesting.

Risks

• No specific risks related to the company's operations or financial health were disclosed in this Form 4 filing, as it pertains solely to executive compensation and share ownership changes.

Future Outlook

Restricted Stock Units (RSUs) vest as to one-third of the shares on each anniversary date of their grant.

Management Comments

• Raymond D. Matsumoto, EVP, Chief Operating Officer, engaged in transactions involving the vesting of previously granted Restricted Stock Units, the subsequent acquisition of common stock, and the receipt of a new RSU grant.

Industry Context

NA

Stakeholder Impact

• Shareholders: Provides transparency into executive compensation and share ownership, but no direct impact on company operations or financial performance.
• Raymond D. Matsumoto (EVP, COO): Directly impacted by the vesting of equity compensation and the grant of new long-term incentives, enhancing personal wealth and alignment with shareholder interests.

Next Steps

• Future vesting of the newly granted Restricted Stock Units will occur as one-third of the shares on each anniversary date of the grant.

Key Dates

Keywords

Axos Financial, AX, Form 4, insider transaction, executive compensation, Restricted Stock Units, RSU vesting, stock grant, Raymond Matsumoto