Was the Axon (AXON) CEO’s share sale part of a Rule 10b5-1 plan?

Yes. The reported sales were made under a Rule 10b5-1 trading plan. The plan was adopted on May 12, 2025, meaning the trade schedule was pre-arranged in advance, which can make the timing less indicative of the CEO’s short-term market view.

Axon (AXON) CEO preplanned sale trims stake by 10,000 shares

Q: How many Axon (AXON) shares did the CEO sell and at what prices?

The CEO sold a total of 10,000 Axon common shares. Individual trades were executed at various prices, including $628.2000 and $662.6950 per share, reflecting a series of sales across a relatively tight price range on the same trading day.

Q: How many separate trade entries are disclosed in the Axon (AXON) CEO’s Form 4?

The transaction summary shows 26 individual sale entries. Together, these open-market sales add up to 10,000 shares sold on July 7, 2026, illustrating that the disposition was executed through multiple smaller trades rather than a single large block.

Filing Impact

(Very High)

Filing Sentiment

(Very Negative)

Form Type

Rhea-AI Filing Summary

Axon Enterprise CEO Patrick W. Smith reported selling 10,000 shares of common stock in open-market transactions. The trades occurred on July 7, 2026 under a pre-arranged Rule 10b5-1 trading plan adopted on May 12, 2025.

The sales were broken into multiple small trades, including executions at $628.2000 and $662.6950 per share. After these transactions, Smith directly holds 3,050,915 shares of Axon common stock, indicating he retains a very large equity position in the company.

Insider Trade Summary 10b5-1

Net Seller: 10,000 shares ($6,437,895)

Net Sell 26 txns

Insider SMITH PATRICK W

Role CHIEF EXECUTIVE OFFICER

Sold 10,000 shs ($6.44M)

Type	Security	Shares	Price	Value
Sale	Common Stock	82	$626.78	$51K
Sale	Common Stock	82	$628.20	$52K
Sale	Common Stock	41	$629.2418	$26K
Sale	Common Stock	251	$631.3478	$158K
Sale	Common Stock	123	$632.9098	$78K
Sale	Common Stock	88	$634.1576	$56K
Sale	Common Stock	241	$635.8986	$153K
Sale	Common Stock	83	$636.6527	$53K
Sale	Common Stock	371	$638.1184	$237K
Sale	Common Stock	366	$639.4084	$234K
Sale	Common Stock	772	$640.4121	$494K
Sale	Common Stock	379	$641.6579	$243K
Sale	Common Stock	1,045	$642.7299	$672K
Sale	Common Stock	1,308	$643.7624	$842K
Sale	Common Stock	744	$644.7637	$480K
Sale	Common Stock	124	$645.8705	$80K
Sale	Common Stock	1,787	$646.9398	$1.16M
Sale	Common Stock	500	$647.9656	$324K
Sale	Common Stock	931	$649.023	$604K
Sale	Common Stock	274	$650.2006	$178K
Sale	Common Stock	160	$650.8943	$104K
Sale	Common Stock	147	$652.1121	$96K
Sale	Common Stock	2	$655.0625	$1K
Sale	Common Stock	1	$657.64	$657.64
Sale	Common Stock	76	$659.52	$50K
Sale	Common Stock	22	$662.695	$15K

Holdings After Transaction: Common Stock — 3,050,915 shares (Direct, null)

Footnotes (1)

The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 12, 2025. The transaction was executed in multiple trades at prices ranging from $629.24 to $629.315. 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. The transaction was executed in multiple trades at prices ranging from $630.835 to $631.74. 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. The transaction was executed in multiple trades at prices ranging from $632.81 to $633.16. 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. The transaction was executed in multiple trades at prices ranging from $634.10 to $634.77. 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. The transaction was executed in multiple trades at prices ranging from $635.37 to $636.315. 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. The transaction was executed in multiple trades at prices ranging from $636.50 to $637.02. 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. The transaction was executed in multiple trades at prices ranging from $637.72 to $638.46. 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. The transaction was executed in multiple trades at prices ranging from $638.81 to $639.565. 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. The transaction was executed in multiple trades at prices ranging from $639.93 to $640.92. 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. The transaction was executed in multiple trades at prices ranging from $641.075 to $641.97. 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. The transaction was executed in multiple trades at prices ranging from $642.26 to $643.235. 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. The transaction was executed in multiple trades at prices ranging from $643.28 to $644.21. 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. The transaction was executed in multiple trades at prices ranging from $644.275 to $645.02. 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. The transaction was executed in multiple trades at prices ranging from $645.46 to $646.345. 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. The transaction was executed in multiple trades at prices ranging from $646.455 to $647.42. 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. The transaction was executed in multiple trades at prices ranging from $647.50 to $648.48. 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. The transaction was executed in multiple trades at prices ranging from $648.53 to $649.47. 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. The transaction was executed in multiple trades at prices ranging from $649.64 to $650.61. 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. The transaction was executed in multiple trades at prices ranging from $650.72 to $651.06. 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. The transaction was executed in multiple trades at prices ranging from $651.90 to $652.495. 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. The transaction was executed in multiple trades at prices ranging from $655.03 to $655.095. 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.

Key Figures

Shares sold: 10,000 shares Price example (low trade): $628.2000 per share Price example (high trade): $662.6950 per share +3 more

6 metrics

Shares sold 10,000 shares Total common stock sold by CEO on July 7, 2026

Price example (low trade) $628.2000 per share One of the reported open-market sale prices

Price example (high trade) $662.6950 per share One of the reported open-market sale prices

Post-transaction holdings 3,050,915 shares Common stock directly held by CEO after the sales

Sale entries 26 transactions Number of individual open-market sale lines reported

Net share change 10,000 shares sold Net disposition from transaction summary (net-sell)

Key Terms

Rule 10b5-1 trading plan, open-market sale, weighted average sales price, non-derivative, +1 more

5 terms

Rule 10b5-1 trading plan regulatory

"The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 12, 2025."

A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.

open-market sale financial

"transaction_action": "open-market sale""

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

weighted average sales price financial

"The price reported above reflects the weighted average sales price."

non-derivative financial

""transaction_type": "non-derivative""

Form 4 regulatory

"The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/09/2026 - 05:10 PM Accepted by SEC EDGAR 07/09/2026 - 05:09 PM

FAQ

What did Axon (AXON) CEO Patrick W. Smith report in this Form 4?

Patrick W. Smith reported selling 10,000 Axon shares in open-market trades. The transactions occurred on July 7, 2026 and were executed in multiple small blocks at prices in the mid-$600s per share, while he continued to hold over three million shares afterward.

How many Axon (AXON) shares did the CEO sell and at what prices?

The CEO sold a total of 10,000 Axon common shares. Individual trades were executed at various prices, including $628.2000 and $662.6950 per share, reflecting a series of sales across a relatively tight price range on the same trading day.

How many Axon (AXON) shares does the CEO still own after these transactions?

After selling 10,000 shares, Patrick W. Smith directly holds 3,050,915 shares. This post-transaction balance shows that the reported sales represent only a small fraction of his total direct Axon equity stake, leaving a substantial ownership position in place.

What type of transactions did the Axon (AXON) CEO execute in this filing?

All reported transactions were open-market sales of common stock. The Form 4 lists 26 separate non-derivative sale entries, each coded as an “S” transaction, with no associated option exercises, gifts, or tax-withholding dispositions reported for this date.

How many separate trade entries are disclosed in the Axon (AXON) CEO’s Form 4?

The transaction summary shows 26 individual sale entries. Together, these open-market sales add up to 10,000 shares sold on July 7, 2026, illustrating that the disposition was executed through multiple smaller trades rather than a single large block.

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
Estimated average burden
hours per response:			0.5

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^*

SMITH PATRICK W

(Last)

(First)

(Middle)

17800 NORTH 85TH STREET

(Street)

SCOTTSDALE

ARIZONA

85255

(City)

(State)

(Zip)

UNITED STATES

(Country)

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

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/07/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	07/07/2026		S⁽¹⁾		82	D	$626.78	3,050,915	D
Common Stock	07/07/2026		S⁽¹⁾		82	D	$628.2	3,050,833	D
Common Stock	07/07/2026		S⁽¹⁾		41	D	$629.2418⁽²⁾	3,050,792	D
Common Stock	07/07/2026		S⁽¹⁾		251	D	$631.3478⁽³⁾	3,050,541	D
Common Stock	07/07/2026		S⁽¹⁾		123	D	$632.9098⁽⁴⁾	3,050,418	D
Common Stock	07/07/2026		S⁽¹⁾		88	D	$634.1576⁽⁵⁾	3,050,330	D
Common Stock	07/07/2026		S⁽¹⁾		241	D	$635.8986⁽⁶⁾	3,050,089	D
Common Stock	07/07/2026		S⁽¹⁾		83	D	$636.6527⁽⁷⁾	3,050,006	D
Common Stock	07/07/2026		S⁽¹⁾		371	D	$638.1184⁽⁸⁾	3,049,635	D
Common Stock	07/07/2026		S⁽¹⁾		366	D	$639.4084⁽⁹⁾	3,049,269	D
Common Stock	07/07/2026		S⁽¹⁾		772	D	$640.4121⁽¹⁰⁾	3,048,497	D
Common Stock	07/07/2026		S⁽¹⁾		379	D	$641.6579⁽¹¹⁾	3,048,118	D
Common Stock	07/07/2026		S⁽¹⁾		1,045	D	$642.7299⁽¹²⁾	3,047,073	D
Common Stock	07/07/2026		S⁽¹⁾		1,308	D	$643.7624⁽¹³⁾	3,045,765	D
Common Stock	07/07/2026		S⁽¹⁾		744	D	$644.7637⁽¹⁴⁾	3,045,021	D
Common Stock	07/07/2026		S⁽¹⁾		124	D	$645.8705⁽¹⁵⁾	3,044,897	D
Common Stock	07/07/2026		S⁽¹⁾		1,787	D	$646.9398⁽¹⁶⁾	3,043,110	D
Common Stock	07/07/2026		S⁽¹⁾		500	D	$647.9656⁽¹⁷⁾	3,042,610	D
Common Stock	07/07/2026		S⁽¹⁾		931	D	$649.023⁽¹⁸⁾	3,041,679	D
Common Stock	07/07/2026		S⁽¹⁾		274	D	$650.2006⁽¹⁹⁾	3,041,405	D
Common Stock	07/07/2026		S⁽¹⁾		160	D	$650.8943⁽²⁰⁾	3,041,245	D
Common Stock	07/07/2026		S⁽¹⁾		147	D	$652.1121⁽²¹⁾	3,041,098	D
Common Stock	07/07/2026		S⁽¹⁾		2	D	$655.0625⁽²²⁾	3,041,096	D
Common Stock	07/07/2026		S⁽¹⁾		1	D	$657.64	3,041,095	D
Common Stock	07/07/2026		S⁽¹⁾		76	D	$659.52	3,041,019	D
Common Stock	07/07/2026		S⁽¹⁾		22	D	$662.695	3,040,997	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 12, 2025.

2. The transaction was executed in multiple trades at prices ranging from $629.24 to $629.315. 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.

3. The transaction was executed in multiple trades at prices ranging from $630.835 to $631.74. 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 $632.81 to $633.16. 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 $634.10 to $634.77. 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 $635.37 to $636.315. 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 $636.50 to $637.02. 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 $637.72 to $638.46. 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.

9. The transaction was executed in multiple trades at prices ranging from $638.81 to $639.565. 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.

10. The transaction was executed in multiple trades at prices ranging from $639.93 to $640.92. 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.

11. The transaction was executed in multiple trades at prices ranging from $641.075 to $641.97. 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.

12. The transaction was executed in multiple trades at prices ranging from $642.26 to $643.235. 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.

13. The transaction was executed in multiple trades at prices ranging from $643.28 to $644.21. 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.

14. The transaction was executed in multiple trades at prices ranging from $644.275 to $645.02. 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.

15. The transaction was executed in multiple trades at prices ranging from $645.46 to $646.345. 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.

16. The transaction was executed in multiple trades at prices ranging from $646.455 to $647.42. 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.

17. The transaction was executed in multiple trades at prices ranging from $647.50 to $648.48. 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.

18. The transaction was executed in multiple trades at prices ranging from $648.53 to $649.47. 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.

19. The transaction was executed in multiple trades at prices ranging from $649.64 to $650.61. 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.

20. The transaction was executed in multiple trades at prices ranging from $650.72 to $651.06. 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.

21. The transaction was executed in multiple trades at prices ranging from $651.90 to $652.495. 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.

22. The transaction was executed in multiple trades at prices ranging from $655.03 to $655.095. 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/ Patrick W. Smith by Isaiah Fields, Attorney-in-Fact	07/09/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR