EVP Andrew Micheletti sells 13,960 AX shares; post-sale 67,460 direct

Rhea-AI Filing Summary

Form 4 summary: Andrew Micheletti, EVP, Finance of Axos Financial, Inc. (AX), reported a sale of 13,960 shares on 08/04/2025 at a weighted-average price of $85.38. The filing states the trades executed in multiple transactions at prices ranging $85.20 to $85.51. Following the reported disposition, the form shows 67,460 shares held directly and 3,241 shares held indirectly via a 401(k) plan. The Form 4 is dated and signed by Derrick Walsh for Andrew Micheletti on 08/05/2025.

Disclosure details: The explanation clause offers to provide, upon request, the full breakdown of the number of shares sold and the prices for each trade. The filing contains no other derivative transactions or additional securities classes reported.

Positive

• Full quantitative disclosure of shares sold (13,960), weighted-average price ($85.38), and post-transaction holdings (67,460 direct; 3,241 indirect).
• Price range provided for the multiple trades ($85.20 to $85.51) and an explicit offer to provide a full breakdown upon request, supporting transparency.
• Form executed and dated (transaction 08/04/2025; filing/signature 08/05/2025), showing a completed regulatory filing.

Negative

• Significant disposition recorded: sale of 13,960 shares reduces the reporting person’s direct holdings to 67,460 shares.
• No indication in this filing that the sale was made pursuant to a Rule 10b5-1 trading plan or similar program.

Insights

Securities Analyst

TL;DR: Insider sale of 13,960 AX shares disclosed; remaining direct holding 67,460 shares; price range $85.20–$85.51.

The Form 4 presents a straightforward disclosure of an insider disposition by Andrew Micheletti (EVP, Finance). Key quantitative items are explicit: sale date 08/04/2025, weighted-average price $85.38, price range $85.20–$85.51, and post-transaction direct ownership of 67,460 shares plus 3,241 indirect via a 401(k). For investors, this is a factual administrative disclosure rather than a detailed signal about company fundamentals; no derivatives or additional compensatory transactions are reported.

Corporate Governance Expert

TL;DR: Filing documents a multi-trade sale and explicitly offers to provide trade-level details; signature dated 08/05/2025.

The Form 4 includes an explanatory statement committing to provide the specific trade quantities and prices upon request, which supports transparency and regulatory compliance. The form shows the reporting person as an officer (EVP, Finance) and includes a signature block executed by Derrick Walsh for Micheletti. The filing does not list any derivative transactions or indicate any other material governance actions in this submission.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Micheletti Andrew J

(Last) (First) (Middle)

9205 WEST RUSSELL ROAD

SUITE 400

(Street)

LAS VEGAS NV 89148

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Axos Financial, Inc. [ AX ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, Finance

3. Date of Earliest Transaction (Month/Day/Year)
08/04/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/04/2025		S		13,960	D	$85.38(1)	67,460	D
Common Stock								3,241	I	401(k) Plan

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. These transactions were executed in multiple trades, at prices ranging from $85.20 to $85.51. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request by the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold and the prices at which each trade was effected.

	By: Derrick Walsh For: Andrew Micheletti	08/05/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

Who filed the Form 4 for Axos Financial (AX)?

Andrew Micheletti, listed as EVP, Finance, is the reporting person; the Form 4 is signed by Derrick Walsh for Andrew Micheletti on 08/05/2025.

What transaction was reported on the Form 4 for AX and when?

A sale of 13,960 shares of Axos Financial common stock was reported with a transaction date of 08/04/2025.

At what prices were the AX shares sold?

The filing reports a weighted-average sale price of $85.38 and states the trades occurred at prices ranging from $85.20 to $85.51.

How many AX shares does the reporting person own after the sale?

Following the reported transactions, the Form 4 shows 67,460 shares held directly and 3,241 shares held indirectly via a 401(k) plan.

Was the sale executed under a 10b5-1 trading plan?

The Form 4 does not indicate that the transaction was made pursuant to a Rule 10b5-1(c) trading plan.

Can I obtain the exact trade-by-trade prices and share counts?

Yes. The filer states they will provide, upon request by the SEC staff, the issuer, or a security holder, the full information regarding the number of shares sold and the prices for each trade.