[Form 4] Axon Enterprise, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Joshua Isner, President of Axon Enterprise, Inc. (AXON), reported multiple dispositions of common stock in a Form 4. On 08/13/2025 he had 11,937 shares withheld to satisfy tax liabilities from vested restricted stock units. On 08/15/2025 he sold a series of 13 tranches totaling 15,919 shares under a Rule 10b5-1 trading plan adopted on 08/21/2024; the reported weighted average prices for those trades ranged from $739.0411 to $751.35 with detailed price ranges disclosed for each tranche. Following these transactions the filing reports 238,379 shares beneficially owned. The Form 4 is signed by attorney-in-fact Isaiah Fields on 08/15/2025.

Positive

• Transactions clearly disclosed with weighted average prices and execution price ranges for each tranche
• Use of a documented Rule 10b5-1 trading plan (adopted 08/21/2024) for the sales, reducing potential timing ambiguity
• Tax-withholding on vested RSUs explicitly reported (11,937 shares withheld), showing routine compensation settlement

Negative

• Substantial share disposals reported: 11,937 shares withheld for taxes and 15,919 shares sold, totaling 27,856 shares disposed
• Reduction in reported beneficial ownership to 238,379 shares following the transactions

Insights

Financial Analyst

TL;DR: The company’s president executed scheduled sales and tax-withholding of vested RSUs under an established 10b5-1 plan; full trade details disclosed.

The report shows routine insider activity: 11,937 shares were withheld on 08/13/2025 to cover taxes from vested restricted stock units and 15,919 shares were sold on 08/15/2025 across multiple trades executed under a Rule 10b5-1 plan adopted 08/21/2024. Prices for the executed trades are disclosed as weighted averages with per-tranche price ranges. The filing provides granular execution ranges and offers the reporting person’s commitment to supply full execution details on request, which improves transparency for investors assessing insider liquidity events.

Corporate Governance Expert

TL;DR: Filing documents compliant, uses a documented 10b5-1 plan and discloses tax-withholding and multiple sale tranches with price ranges.

The Form 4 identifies the reporting person as an officer (President) and clearly states the transactions were effected pursuant to a Rule 10b5-1 trading plan. The statement includes explanations for tax-related withholding of RSUs and provides weighted average sale prices plus execution price ranges for each tranche, and an explicit offer to provide full trade-level details upon request. The form is signed by an attorney-in-fact, indicating proper execution of the filing process.

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).

X

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^*

Isner Joshua

(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)
	PRESIDENT

3. Date of Earliest Transaction (Month/Day/Year)
08/13/2025

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	08/13/2025		F(1)		11,937	D	$765.52	254,298	D
Common Stock	08/15/2025		S(2)		700	D	$739.0411(3)	253,598	D
Common Stock	08/15/2025		S(2)		500	D	$740.2143(4)	253,098	D
Common Stock	08/15/2025		S(2)		838	D	$741.7469(5)	252,260	D
Common Stock	08/15/2025		S(2)		735	D	$742.9377(6)	251,525	D
Common Stock	08/15/2025		S(2)		1,702	D	$743.7072(7)	249,823	D
Common Stock	08/15/2025		S(2)		557	D	$744.6784(8)	249,266	D
Common Stock	08/15/2025		S(2)		3,034	D	$745.7995(9)	246,232	D
Common Stock	08/15/2025		S(2)		1,222	D	$746.6575(10)	245,010	D
Common Stock	08/15/2025		S(2)		1,635	D	$747.7869(11)	243,375	D
Common Stock	08/15/2025		S(2)		950	D	$748.4652(12)	242,425	D
Common Stock	08/15/2025		S(2)		3,527	D	$750.09(13)	238,898	D
Common Stock	08/15/2025		S(2)		415	D	$750.6466(14)	238,483	D
Common Stock	08/15/2025		S(2)		104	D	$751.35	238,379	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, effected pursuant to a Rule 10b5-1 trading plan adopted on August 21, 2024, consisted of shares issued upon the settlement of vested restricted stock units.

3. The transaction was executed in multiple trades at prices ranging from $738.64 to $739.53. 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 $740.00 to $740.41. 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 $741.18 to $742.07. 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 $742.19 to $743.16. 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.

7. The transaction was executed in multiple trades at prices ranging from $743.21 to $744.20. 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 $744.24 to $745.1561. 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 $745.245 to $746.20. 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 $746.24 to $747.1428. 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 $747.2448 to $748.1999. 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 $748.24 to $749.1498. 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 $749.3249 to $750.26. 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 $750.33 to $750.8398. 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/ Joshua Isner, by Isaiah Fields, Attorney-in-Fact	08/15/2025
	** 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 sold shares in the AXON Form 4?

The filing shows Joshua Isner, President of Axon Enterprise, Inc., reported the transactions.

How many AXON shares were disposed and why?

The report discloses 11,937 shares withheld to satisfy tax liabilities from vested RSUs and 15,919 shares sold under a Rule 10b5-1 plan, totaling 27,856 shares disposed.

When were the transactions executed?

Withholding occurred on 08/13/2025 and the sales occurred on 08/15/2025.

Were the sales part of a pre-existing trading plan?

Yes. The sales on 08/15/2025 were effected pursuant to a Rule 10b5-1 trading plan adopted on 08/21/2024.

What prices were the AXON shares sold at?

The filing reports weighted average prices per tranche (examples): $739.0411, $740.2143, up to $751.35, with disclosed execution price ranges for each tranche.

What is the reporting person’s beneficial ownership after these transactions?

The Form 4 reports 238,379 shares beneficially owned following the transactions.