AX Form 4: Executive David Crow receives 520 shares, 152 withheld for taxes
Rhea-AI Filing Summary
Axos Financial executive David M. Crow reported stockholder transactions on 09/15/2025. 520 shares of common stock were issued upon vesting of restricted stock units (RSUs) and reported as an acquisition at an effective price of $90.29 per share, increasing his direct holdings to 1,039 shares. Concurrently, 152 shares were surrendered to the issuer for tax withholding in connection with the vesting, leaving 887 shares directly owned after withholding. The filing also shows a separate grant of 997 RSUs to Crow on 09/15/2025, and total direct RSU-based common shares reported after the transactions are 5,266. The RSUs vest one-third on each anniversary of the grant and include dividend equivalent rights.
Positive
- 520 shares were issued upon RSU vesting, reflecting management alignment with shareholder interests
- RSU grant of 997 units documented, demonstrating continued executive equity-based compensation
- Disclosure includes vesting schedule and dividend equivalent rights, providing transparency
Negative
- 152 shares were withheld for tax purposes, reducing net acquired shares
- Post-transaction direct ownership remains relatively small at 1,039 shares, indicating limited voting/ownership impact
Insights
TL;DR: Insider received and partially withheld shares from RSU vesting, modestly increasing direct stock ownership.
The Form 4 documents routine executive equity activity: 520 shares issued on RSU vesting and 152 shares withheld for taxes at an indicated per-share value of $90.29. The reporting person remains a direct holder with 1,039 shares post-transaction and holds RSUs that vest over time. The filing also records a 997 RSU grant on the same date. This is a standard compensation settlement and tax withholding, not a sale or market liquidity event. Impact on shareholder base or control is immaterial based on disclosed amounts.
TL;DR: Compensation-related equity actions properly disclosed; vesting schedule and dividend equivalents noted.
The disclosure clearly attributes the shares to the Axos Financial 2014 Stock Incentive Plan and specifies the one-third annual vesting schedule and dividend equivalent rights. The transaction codes indicate issuance and withholding tied to RSU vesting rather than discretionary sale. Documentation includes the issuer withholding shares for tax obligations, a common practice that preserves share ownership while satisfying tax liabilities. Filing is complete with signature and explanatory footnotes.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 520 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 997 | $0.00 | -- |
| Exercise | Common Stock | 520 | $90.29 | $47K |
| Disposition | Common Stock | 152 | $90.29 | $14K |
Footnotes (1)
- Represents shares of Common Stock issued on September 15, 2025, following the vesting of Restricted Stock Units ("RSUs") which vest as to one-third of the shares on each anniversary of the date of grant. The RSUs were previously granted to the reporting person under the Axos Financial, Inc. 2014 Amended and Restated 2014 Stock Incentive Plan. Represents shares of Common Stock retained by Axos Financial, Inc. for tax withholding purposes in connection with the net-settlement on the issuance of shares of Common Stock in respect to the vested RSUs. The RSUs were granted to the reporting person under the Axos Financial, Inc. 2014 Stock Incentive Plan. The RSUs are accompanied by dividend equivalent rights. Each RSU represents a contingent right to receive one share of Axos Financial, Inc. Common Stock. The RSUs vest as to one-third of the shares on each anniversary date of grant. Grant to the reporting person on September 15, 2025 of restricted stock units ("RSUs") under the Axos Financial, Inc. 2014 Stock Incentive Plan.
