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

Rhea-AI Filing Summary

Brittany Bagley, COO & CFO of Axon Enterprise (AXON), reported sales and tax-withholdings of company common stock in late September 2025. Restricted stock units vested and 14,430 shares were withheld to cover taxes on September 26, 2025. Under a Rule 10b5-1 trading plan adopted June 16, 2025, Bagley sold additional shares on September 29, 2025, in multiple trades: 566, 1,025, 205, 300, 1,829 and 1,075 shares at weighted-average prices ranging from about $709.80 to $716.70, with the reported weighted prices shown per line. After these transactions the filing shows Bagley beneficially owning 93,592 shares.

Positive

• Transactions disclosed as tax-withholding for RSU vesting, showing settlement of compensation-related obligations
• Sales executed under a disclosed Rule 10b5-1 trading plan (adopted June 16, 2025), indicating pre-arranged, non-discretionary trading
• Filing provides post-transaction beneficial ownership (93,592 shares), enabling clear position tracking

Negative

• Insider disposed of a total of 19,430 shares (14,430 withheld for taxes and 5,000 sold), which reduces insider ownership
• Sales occurred at prices between approximately $709.80 and $716.70, representing meaningful cashing out at recent price levels

Insights

Corporate Governance Expert

TL;DR: Trading appears procedurally compliant: tax-withholding on RSU vesting and sales executed under a disclosed 10b5-1 plan.

The Form 4 shows vesting-related withholding of 14,430 shares to satisfy tax obligations and subsequent open-market sales of 5,000 shares executed under a Rule 10b5-1 plan adopted June 16, 2025. The filing includes weighted-average sale prices for the multiple trades and provides the reporting person's remaining beneficial ownership. Documentation and explicit disclosure of the 10b5-1 plan date reduce governance concerns about opportunistic insider timing. The signature by an attorney-in-fact is properly noted.

Securities Analyst

TL;DR: Insider sold a total of 19,430 shares in late September at prices ~ $709.8–$716.7; remaining stake reported as 93,592 shares.

The transactions comprise 14,430 shares withheld for tax settlement from RSU vesting on 09/26/2025 and 5,000 shares sold across multiple trades on 09/29/2025 at reported weighted-average prices per block. All sales on 09/29/2025 are reported as executed pursuant to a 10b5-1 plan, which is a pre-arranged program and typically indicates non-discretionary execution. The filing supplies post-transaction beneficial ownership figures, allowing straightforward calculation of stake changes without additional financial data.

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
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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).

1. Name and Address of Reporting Person^*

Bagley Brittany

(Last) (First) (Middle)

17800 N 85TH ST

(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)
	COO & CFO

3. Date of Earliest Transaction (Month/Day/Year)
09/26/2025

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	09/26/2025		F(1)		14,430	D	$708.84	98,592	D
Common Stock	09/29/2025		S(2)		566	D	$710.3611(3)	98,026	D
Common Stock	09/29/2025		S(2)		1,025	D	$711.2275(4)	97,001	D
Common Stock	09/29/2025		S(2)		205	D	$712.3763(5)	96,796	D
Common Stock	09/29/2025		S(2)		300	D	$713.8575(6)	96,496	D
Common Stock	09/29/2025		S(2)		1,829	D	$715.2481(7)	94,667	D
Common Stock	09/29/2025		S(2)		1,075	D	$716.2165(8)	93,592	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. Securities disposed represent securities withheld to settle the reporting person's tax liability resulting from the vesting of restricted stock units.

2. This sale of shares, received upon settlement of vested restricted stock units, executed pursuant to a filed Rule 10b5-1 trading plan adopted by the reporting person on June 16, 2025.

3. The transaction was executed in multiple trades at prices ranging from $709.80 to $710.79. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

4. The transaction was executed in multiple trades at prices ranging from $710.81 to $711.78. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

5. The transaction was executed in multiple trades at prices ranging from $711.91 to $712.89. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

6. The transaction was executed in multiple trades at prices ranging from $713.51 to $714.29. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

7. The transaction was executed in multiple trades at prices ranging from $714.85 to $715.82. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

8. The transaction was executed in multiple trades at prices ranging from $715.85 to $716.70. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

Remarks:

	/s/ Brittany Bagley by Isaiah Fields, Attorney-in-Fact	09/30/2025
	** 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 did AXON insider Brittany Bagley report on Form 4?

The Form 4 reports that Brittany Bagley had 14,430 shares withheld for taxessold 5,000 shares93,592 shares beneficially owned.

Were the September 29, 2025 sales by the AXON insider pre-arranged?

Yes. The filing states the 09/29/2025 sales were executed pursuant to a Rule 10b5-1 trading plan adopted on June 16, 2025.

How many shares were withheld to satisfy tax liabilities from RSU vesting?

The filing shows 14,430 shares were withheld

What prices were the 09/29/2025 sales executed at?

The sales on 09/29/2025 were executed in multiple trades with weighted-average prices per reported block; the filing notes trade price ranges from approximately $709.80 to $716.70 across the reported executions.

Who signed the Form 4 for Brittany Bagley?

The Form 4 is signed as /s/ Brittany Bagley by Isaiah Fields, Attorney-in-Fact on 09/30/2025.