Axon (AXON) CEO sells 10,000 shares in Rule 10b5-1 plan

Rhea-AI Filing Summary

Axon Enterprise CEO Patrick W. Smith reported selling 10,000 shares of common stock in multiple open-market transactions on March 9, 2026. The sales were executed under a pre-arranged Rule 10b5-1 trading plan adopted on May 12, 2025.

The trades were priced at reported weighted-average prices ranging from about $546.81 to $577.12 per share. After these transactions, Smith continues to hold 3,080,997 shares of Axon Enterprise common stock directly, indicating that the sale represents a small portion of his overall stake.

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^*

SMITH PATRICK W

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
03/09/2026

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	03/09/2026		S(1)		124	D	$546.8094(2)	3,090,873	D
Common Stock	03/09/2026		S(1)		969	D	$548.8501(3)	3,089,904	D
Common Stock	03/09/2026		S(1)		270	D	$549.861(4)	3,089,634	D
Common Stock	03/09/2026		S(1)		676	D	$550.7124(5)	3,088,958	D
Common Stock	03/09/2026		S(1)		668	D	$551.8419(6)	3,088,290	D
Common Stock	03/09/2026		S(1)		175	D	$552.5594(7)	3,088,115	D
Common Stock	03/09/2026		S(1)		234	D	$554.1628(8)	3,087,881	D
Common Stock	03/09/2026		S(1)		241	D	$556.2714(9)	3,087,640	D
Common Stock	03/09/2026		S(1)		520	D	$558.4902(10)	3,087,120	D
Common Stock	03/09/2026		S(1)		329	D	$559.9051(11)	3,086,791	D
Common Stock	03/09/2026		S(1)		470	D	$560.514(12)	3,086,321	D
Common Stock	03/09/2026		S(1)		512	D	$561.6999(13)	3,085,809	D
Common Stock	03/09/2026		S(1)		1,075	D	$562.8214(14)	3,084,734	D
Common Stock	03/09/2026		S(1)		273	D	$563.8361(15)	3,084,461	D
Common Stock	03/09/2026		S(1)		793	D	$565.3055(16)	3,083,668	D
Common Stock	03/09/2026		S(1)		703	D	$566.2022(17)	3,082,965	D
Common Stock	03/09/2026		S(1)		586	D	$567.2471(18)	3,082,379	D
Common Stock	03/09/2026		S(1)		246	D	$568.5502(19)	3,082,133	D
Common Stock	03/09/2026		S(1)		311	D	$569.724(20)	3,081,822	D
Common Stock	03/09/2026		S(1)		171	D	$571.1243(21)	3,081,651	D
Common Stock	03/09/2026		S(1)		441	D	$572.1169(22)	3,081,210	D
Common Stock	03/09/2026		S(1)		24	D	$573.36	3,081,186	D
Common Stock	03/09/2026		S(1)		94	D	$574.42	3,081,092	D
Common Stock	03/09/2026		S(1)		95	D	$577.12	3,080,997	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

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 $546.67 to $546.91. 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 $548.28 to $549.16. 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.

4. The transaction was executed in multiple trades at prices ranging from $549.32 to $550.125. 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 $550.33 to $550.84. 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 $551.495 to $552.365. 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 $552.52 to $552.66. 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 $553.89 to $554.30. 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 $555.87 to $556.64. 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 $557.995 to $558.94. 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 $559.07 to $560.00. 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 $560.12 to $561.06. 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.

13. The transaction was executed in multiple trades at prices ranging from $561.13 to $562.12. 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 $562.245 to $563.05. 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 $563.44 to $564.32. 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 $564.715 to $565.695. 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 $565.80 to $566.79. 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.

18. The transaction was executed in multiple trades at prices ranging from $566.85 to $567.55. 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 $567.96 to $568.95. 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 $569.54 to $569.855. 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 $570.77 to $571.50. 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 $571.90 to $572.39. 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	03/11/2026
	** 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.

FAQ

What insider transaction did AXON CEO Patrick W. Smith report?

Patrick W. Smith, CEO of Axon Enterprise, reported selling 10,000 shares of common stock. The sales occurred in multiple open-market trades on March 9, 2026, and were disclosed on a Form 4 insider filing with detailed price information for each trade.

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

The CEO sold a total of 10,000 Axon Enterprise common shares. These open-market transactions were executed in multiple blocks at reported weighted-average prices between approximately $546.81 and $577.12 per share, as shown across the individual sale entries in the Form 4 filing.

Was the AXON CEO stock sale under a Rule 10b5-1 trading plan?

Yes. A footnote states the reported transactions were effected under a Rule 10b5-1 trading plan adopted by the CEO on May 12, 2025. Such plans pre-schedule trades, making the timing more routine and less indicative of short-term views on the stock.

How many AXON shares does the CEO hold after this sale?

Following the reported sales, the CEO directly holds 3,080,997 shares of Axon Enterprise common stock. This post-transaction balance indicates that the 10,000 shares sold represent a relatively small fraction of his overall direct ownership position in the company.

What type of Form 4 transactions did the AXON CEO report?

All reported transactions are coded “S” for open-market or private sales of common stock. The filing shows non-derivative dispositions only, with no associated option exercises, conversions, tax-withholding entries, or derivative security transactions included in this particular Form 4.

Did the AXON CEO’s Form 4 include any derivative positions or option exercises?

No. The derivative section in the provided data is empty, and the transaction summary lists zero derivative exercises. All reported activity consists of sales of common stock, with no new derivative grants, option exercises, or remaining derivative positions disclosed in this filing excerpt.