AX Form 4: Executive RSU Vesting and New 1,640-Unit Grant Disclosed
Rhea-AI Filing Summary
Michael James Watson, EVP, Head of Axos Securities, reported insider transactions on 09/15/2025. On that date vested restricted stock units (RSUs) converted to common stock: 1,572 shares and 1,055 shares were acquired via vesting, and an additional grant of 1,640 RSUs was made. Axos Financial withheld 846 and 568 shares for tax withholding in connection with the net-settlement of vested RSUs. After the transactions the reporting person beneficially owned 12,443, 11,388, and 13,028 shares reported across respective line items, with 487 shares held indirectly in a 401(k) plan.
Positive
- RSU vesting and new grant are documented, showing executive compensation awarded under the companys 2014 Stock Incentive Plan
- Exact share counts and tax-withholding amounts provided (1,572; 1,055; 846; 568; 1,640), enabling clear auditability
Negative
- Net-share settlement reduced issued shares to the reporting person via withholding of 846 and 568 shares
- No information on grant date fair value or total grant value is provided in the filing text
Insights
TL;DR: Routine compensation-related equity activity; vesting and grant of RSUs with net-share withholding noted.
The Form 4 discloses standard equity compensation mechanics: two tranches of RSUs vested into common stock on 09/15/2025 totaling 2,627 shares acquired, with 1,414 shares withheld for taxes across those issuances. A separate grant of 1,640 RSUs was also reported the same date. These entries reflect non-cash, compensation-driven share issuance and internal tax settlement rather than open-market purchases or sales, so the immediate market-impact is typically limited. The filing shows direct ownership increases and continued use of the companys 2014 Stock Incentive Plan and dividend equivalent rights tied to RSUs.
TL;DR: Standard disclosure of executive equity vesting and new grant; governance controls appear followed.
The disclosure indicates RSUs granted under the Axos Financial, Inc. 2014 Stock Incentive Plan and vesting on scheduled anniversaries, including dividend equivalent rights. Net-settlement withholding of shares for tax obligations is documented with exact share counts (846 and 568). The Form 4 is signed by a designee and dated 09/17/2025, meeting Section 16 reporting requirements for an insider transaction notice. No departures from routine governance or unusual transfer mechanisms are shown in the filing text.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,572 | $0.00 | -- |
| Exercise | Restricted Stock Units | 1,055 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 1,640 | $0.00 | -- |
| Exercise | Common Stock | 1,572 | $90.29 | $142K |
| Exercise | Common Stock | 1,055 | $90.29 | $95K |
| Disposition | Common Stock | 846 | $90.29 | $76K |
| Disposition | Common Stock | 568 | $90.29 | $51K |
| holding | Common Stock | -- | -- | -- |
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.
