[Form 4] AXON ENTERPRISE, INC. Insider Trading Activity

Rhea-AI Filing Summary

Axon Enterprise (AXON) Chief Revenue Officer reported equity transactions tied to performance-based restricted stock units under the 2024 eXponential Stock Plan. On 08/28/2025, 31,620 shares were acquired at $0 upon certification that the first and second tranches met performance conditions, bringing beneficial ownership to 50,318 shares.

On 10/31/2025, 5,850 shares were disposed of at $711.34 to settle taxes from the first tranche vesting, leaving 44,468 shares beneficially owned. The first tranche vested on 10/01/2025; the second tranche will vest on 04/01/2026, each subject to continued employment. Shares delivered for each tranche are subject to a minimum holding period until the earlier of 12/31/2030 or the date a subsequent tranche vests, excluding shares withheld or sold for taxes. The filing notes it was submitted late due to an administrative error.

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

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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^*

Brooks Cameron

(Last) (First) (Middle)

17800 NORTH 85TH STREET

(Street)

SCOTTSDALE AZ 85255

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
AXON ENTERPRISE, INC. [ AXON ]

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CHIEF REVENUE OFFICER

3. Date of Earliest Transaction (Month/Day/Year)
08/28/2025

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	08/28/2025		A(1)		31,620	A	$0	50,318	D
Common Stock	10/31/2025		F(2)		5,850	D	$711.34	44,468	D

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. The transaction consists of performance-based restricted stock units (collectively, "XSUs") granted on April 1, 2024 pursuant to the Axon Enterprise, Inc. 2024 eXponential Stock Plan, for which the performance conditions for the first and second tranches of XSUs (each, a "Tranche") were certified by the issuer's Compensation Committee of the Board of Directors on August 28, 2025 as having been met. The first Tranche vested on October 1, 2025 and the second Tranche will vest on April 1, 2026, in each case subject to continued employment through such dates. Following each vesting, the shares deliverable for each Tranche is subject to a minimum holding period until the earlier of (i) December 31, 2030 and (ii) the date on which a subsequent tranche of XSUs vests, excluding shares withheld or sold to cover applicable taxes.

2. Securities disposed represent securities withheld to settle the reporting person's tax liability arising out of the vesting of the first Tranche.

Remarks:

This Form 4 reports transactions relating to the first and second Tranches of the reporting person's Axon Enterprise, Inc. 2024 eXponential Stock Plan award. The performance conditions applicable to these Tranches were certified by the Compensation Committee of the issuer's Board of Directors on August 28, 2025 as having been met. Due to an administrative error, the issuer is filing this Form 4 late. The vest date for the first Tranche was October 1, 2025, and such shares were released to the reporting person on October 31, 2025, consistent with the award's terms.

	/s/ Cameron Brooks by Isaiah Fields, Attorney-in-Fact	11/04/2025
	** 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

What insider activity did AXON disclose on this Form 4?

The Chief Revenue Officer reported 31,620 shares acquired at $0 on 08/28/2025 from performance-based RSUs, and 5,850 shares disposed at $711.34 on 10/31/2025 for taxes.

How many AXON shares does the reporting person now own?

Following the reported transactions, beneficial ownership is 44,468 shares (direct).

What do the A and F transaction codes mean here?

Code A reflects shares acquired from an award. Code F reflects shares withheld/disposed to cover taxes upon vesting.

When did the AXON RSU tranches vest?

The first tranche vested on 10/01/2025; the second tranche will vest on 04/01/2026, subject to continued employment.

Is there a holding period on the delivered shares?

Yes. Each tranche’s delivered shares are subject to a minimum holding period until the earlier of 12/31/2030 or the date a subsequent tranche vests, excluding shares used for taxes.

Why was this Form 4 filed late?

The filing states it was submitted late due to an administrative error.

Who is the reporting person’s role at AXON?

The reporting person is the Chief Revenue Officer.