Axos COO reports 4,946-share RSU vesting, new grant
EVP and COO Raymond Matsumoto had RSUs vest into Axos common stock, shares withheld for taxes, and received a new RSU award.
Rhea-AI Filing Summary
Axos Financial, Inc. (AX) reported that EVP and Chief Operating Officer Raymond D. Matsumoto had 4,946 shares of Common Stock issued on September 15, 2026 upon vesting of previously granted Restricted Stock Units (RSUs), with 2,668 shares retained by Axos Financial, Inc. for tax withholding in a net-settlement. Matsumoto also received a new grant of 2,698 RSUs that vest in equal one-third installments on each anniversary of the grant date and carry dividend equivalent rights. An indirect holding of 2,237 Common Shares is reported in a 401(k) Plan, and no Rule 10b5-1 trading plan is reported.
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Insights
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Insider Trade Summary
4,946 shares exercised/converted
Exercise
5 txns
Insider
MATSUMOTO RAYMOND D
Role
Insider
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F3, F4, F5 | 4,946 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units F6, F4, F5 | 2,698 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 4,946 | $92.68 | $458K |
| Disposition | Common Stock F2 | 2,668 | $92.68 | $247K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 14,865 contracts (Direct);
Common Stock — 43,911 shares (Direct);
Common Stock — 2,237 shares (Indirect, 401(k) Plan)
Footnotes (6)
- F1. Represents shares of Common Stock issued on September 15, 2026, 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.
- F2. 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.
- F3. 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.
- F4. Each RSU represents a contingent right to receive one share of Axos Financial, Inc. Common Stock.
- F5. The RSUs vest as to one-third of the shares on each anniversary date of grant.
- F6. Grant to the reporting person on September 15, 2026 of restricted stock units ("RSUs") under the Axos Financial, Inc. 2014 Stock Incentive Plan.
Key Figures
Common Shares Issued on RSU Vesting: 4,946 shares
Shares Retained for Tax Withholding: 2,668 shares
New RSU Grant: 2,698 RSUs
+3 more
6 metrics
Common Shares Issued on RSU Vesting
4,946 shares
Shares of Axos Financial, Inc. Common Stock issued on September 15, 2026 upon vesting of RSUs
Shares Retained for Tax Withholding
2,668 shares
Common Shares retained by Axos Financial, Inc. for tax withholding in net-settlement of vested RSUs
New RSU Grant
2,698 RSUs
Restricted Stock Units granted on September 15, 2026 under the 2014 Stock Incentive Plan
RSU-to-Share Conversion Ratio
1 share per RSU
Each RSU represents a contingent right to receive one share of Common Stock
Reported Indirect Common Stock Holding
2,237 shares
Common Stock held indirectly through a 401(k) Plan after the reported transactions
Reference Share Price for Transactions
$92.68 per share
Per-share value shown for the Common Stock entries dated September 15, 2026
Key Terms
Restricted Stock Units, dividend equivalent rights, net-settlement, tax withholding, +1 more
5 terms
Restricted Stock Units financial
"Represents shares of Common Stock issued ... following the vesting of Restricted Stock Units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
dividend equivalent rights financial
"The RSUs are accompanied by dividend equivalent rights"
Dividend equivalent rights are promises that mirror the cash payments shareholders get from a company’s profits, but they are paid to holders of certain awards (like stock options or restricted stock units) rather than to actual shares. Think of them as a paycheck top‑up that matches dividends while the award is not yet a real stock, and they matter to investors because they add to employee compensation costs and potential share dilution, affecting company profitability and per‑share value.
net-settlement financial
"in connection with the net-settlement on the issuance of shares of Common Stock"
tax withholding financial
"shares of Common Stock retained by Axos Financial, Inc. for tax withholding purposes"
Tax withholding is the practice of taking a portion of a payment—such as wages, dividends, or sale proceeds—before it reaches the recipient and sending that portion to the tax authority as an advance on the recipient’s eventual tax bill. For investors it matters because withholding reduces immediate cash received and affects after‑tax returns, estimated tax payments, and whether you may owe more or receive a refund when taxes are finally calculated, like having a small automatic savings set aside for your tax bill.
401(k) Plan financial
"Indirect ownership reported as 401(k) Plan"
A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What equity transactions did Axos Financial (AX) disclose for EVP and COO Raymond Matsumoto?
On September 15, 2026, 4,946 RSUs vested into Common Stock, with 2,668 shares retained by Axos Financial, Inc. for tax withholding, and Matsumoto received a new grant of 2,698 RSUs under the 2014 Stock Incentive Plan.
What new RSU award did Raymond Matsumoto receive from Axos (AX)?
Matsumoto received a grant of 2,698 Restricted Stock Units on September 15, 2026 under the Axos Financial, Inc. 2014 Stock Incentive Plan. Each RSU represents a contingent right to receive one share of Common Stock and vests one-third on each anniversary of the grant date.
Were the Axos (AX) transactions made under a Rule 10b5-1 trading plan?
No. The Form 4 indicates that no Rule 10b5-1 trading plan is reported for the transactions disclosed on September 15, 2026.
Do the Axos (AX) RSUs reported include dividend equivalent rights?
Yes. Footnotes state that the RSUs reported for Matsumoto under the Axos Financial, Inc. 2014 Stock Incentive Plan are accompanied by dividend equivalent rights, and each RSU equals one share of Common Stock upon settlement.
AI-generated analysis. How Rhea-AI works. Not financial advice.
