Axon (NASDAQ: AXON) Sets February 2026 Redemption for 0.50% 2027 Converts

Rhea-AI Filing Summary

Axon Enterprise, Inc. has given formal notice that it will redeem all of its outstanding 0.50% convertible senior notes due 2027 on February 10, 2026. The notes will be redeemed at 100% of their principal amount, plus accrued and unpaid interest up to, but excluding, the redemption date.

Noteholders are allowed to convert their notes into a mix of cash and Axon common stock at any time until the close of business on February 6, 2026. Axon will pay cash for up to the principal amount (including any cash in place of fractional shares) and will deliver shares of common stock for any conversion value above principal. The final settlement amounts for conversions will be calculated over a 30 trading day observation period from December 24, 2025 through February 6, 2026, and paid or delivered on February 10, 2026.

Insights

Capital structure and credit analyst

Axon is redeeming its 0.50% 2027 convertible notes early, prompting a near-term conversion or cash redemption decision for holders.

Axon plans to redeem all outstanding 0.50% convertible senior notes due 2027 on February 10, 2026 at 100% of principal plus accrued interest. This accelerates the notes’ effective maturity and may simplify the company’s debt profile by removing a low-coupon convertible instrument earlier than the original 2027 due date.

Holders can choose to convert their notes up to the close of business on February 6, 2026. For valid conversions, Axon will pay cash up to the principal amount and settle any excess conversion value in common stock, with final amounts determined over a 30 trading day observation period from December 24, 2025 through February 6, 2026. The actual impact on share count and leverage will depend on how many holders elect to convert versus accept cash redemption.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

________________________________________________________

Form 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

December 18, 2025

Date of Report (Date of earliest event reported)

________________________________________________________

Axon Enterprise, Inc.

(Exact name of registrant as specified in its charter)

Delaware			001-16391			86-0741227
(State or other jurisdiction of incorporation)			(Commission File Number)			(IRS Employer Identification No.)

17800 N. 85th St.

Scottsdale, Arizona 85255

(Address of principal executive offices, including zip code)

(480) 991-0797

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

Securities registered pursuant to Section 12(b) of the Act:

Title of each class			Trading Symbol(s)			Name of each exchange on which registered
Common Stock, $0.00001 Par Value			AXON			The NASDAQ Stock Market LLC

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o			Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o			Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o			Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o			Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter). Emerging growth company o

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o

Item 8.01 Other Events

On December 18, 2025, Axon Enterprise, Inc. (the “Company”) delivered a notice of redemption in respect of the Company’s 0.50% convertible senior notes due 2027 (the “Notes”). Pursuant to the notice of redemption, the Company has elected to redeem all of the outstanding Notes on February 10, 2026 (the “Redemption Date”), at a redemption price equal to 100% of the principal amount of the Notes to be redeemed, together with accrued and unpaid Interest on the Notes redeemed to, but excluding, the Redemption Date.

Holders of the Notes may surrender their Notes for conversion at any time prior to the close of business on February 6, 2026. After such time, Holders will not be able to convert their Notes. For Holders that validly convert their Notes prior to the close of business on February 6, 2026, the Company will (i) pay cash up to the principal portion of any Notes being converted (together with cash, if applicable, in lieu of delivering any fractional share of Common Stock) and (ii) deliver shares of the Company’s common stock in respect of the Company’s conversion obligation in excess of the principal portion of the Notes being converted. Settlement amounts due to Holders that validly convert their Notes will be determined by the Company over a 30 trading day observation period beginning on, and including, December 24, 2025, and running through, and including, February 6, 2026. Settlement amounts so determined by the Company will be delivered to Holders on February 10, 2026.

Item 9.01 Financial Statements and Exhibits

(d)Exhibits

Exhibit Number						Exhibit Description
104						The cover page from this Current Report on Form 8-K, formatted as Inline XBRL

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: December 18, 2025			Axon Enterprise, Inc.
			By:			/s/ BRITTANY BAGLEY
						Brittany Bagley Chief Operating Officer and Chief Financial Officer

FAQ

What corporate action did Axon Enterprise, Inc. (AXON) announce in this 8-K?

Axon Enterprise, Inc. delivered a notice of redemption for all of its 0.50% convertible senior notes due 2027, stating that it will redeem the outstanding notes on February 10, 2026.

When will Axon redeem its 0.50% convertible senior notes due 2027?

Axon has elected to redeem all outstanding 0.50% convertible senior notes due 2027 on the redemption date of February 10, 2026, paying 100% of principal plus accrued and unpaid interest to, but excluding, that date.

At what price will Axon redeem its outstanding 0.50% convertible senior notes?

The notes will be redeemed at a redemption price equal to 100% of the principal amount of the notes being redeemed, plus any accrued and unpaid interest up to, but excluding, February 10, 2026.

Until when can holders of Axon’s 0.50% convertible notes choose to convert instead of being redeemed?

Holders may surrender their notes for conversion at any time up to the close of business on February 6, 2026. After that time, holders will no longer be able to convert their notes.

How will Axon settle conversions of its 0.50% convertible senior notes?

For notes validly converted before the close of business on February 6, 2026, Axon will (i) pay cash up to the principal amount (including any cash in lieu of fractional shares) and (ii) deliver shares of common stock for the conversion value above principal, with settlement occurring on February 10, 2026.

How will Axon determine the settlement amounts for converted notes?

Settlement amounts for holders that validly convert will be determined over a 30 trading day observation period beginning on December 24, 2025 and ending on February 6, 2026, and the resulting cash and stock will be delivered on February 10, 2026.