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Axon (NASDAQ: AXON) CEO gets 97K-share performance grant

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

AXON ENTERPRISE, INC. reported that CEO and director Patrick W. Smith acquired 97,015 shares of Common Stock through performance-based restricted stock units tied to the fourth tranche of the 2024 CEO Performance Award. The Compensation Committee certified the performance conditions on August 16, 2026, resulting in this grant. Following the award, Smith directly holds 3,128,012 shares. These units will vest on December 31, 2029, subject to continued employment, and vested shares are subject to a minimum holding period extending until the earlier of December 31, 2030 or the vesting of a subsequent tranche, excluding any shares withheld for taxes.

Positive

  • None.

Negative

  • None.
Insider SMITH PATRICK W
Role CHIEF EXECUTIVE OFFICER
Type Security Shares Price Value
Grant/Award Common Stock F1 97,015 $0.00 $0.00
Holdings After Transaction: Common Stock — 3,128,012 shares (Direct)
Footnotes (1)
  1. F1. The transaction consists of performance-based restricted stock units granted on December 22, 2023, for the achievement of the fourth tranche of the 2024 CEO Performance Award, for which the performance conditions were determined to have been certified by the Compensation Committee on August 16, 2026. The units will vest on December 31, 2029, subject to continued employment through such date. Following the vesting of each tranche, the shares applicable to each tranche are subject to a minimum holding period from the vesting date until the earlier of (i) December 31, 2030 and (ii) the date that a subsequent tranche vests, excluding shares that are withheld to cover taxes.
Shares acquired in award 97,015 shares Performance-based restricted stock units from the fourth tranche of the 2024 CEO Performance Award
Price per share $0.0000 Reported transaction price per share for the RSU award
Total shares after transaction 3,128,012 shares Direct Common Stock holdings of Patrick W. Smith following the award
Vesting date December 31, 2029 Vest date for the performance-based restricted stock units, subject to continued employment
Latest holding period end December 31, 2030 Latest date for the minimum holding period on vested shares, unless a subsequent tranche vests earlier
Tranche identification Fourth tranche Tranche of the 2024 CEO Performance Award for which performance was certified
performance-based restricted stock units financial
"The transaction consists of performance-based restricted stock units granted on December 22, 2023"
Performance-based restricted stock units are a type of employee equity award that converts into company shares only if predefined financial or operational targets are met over a set period. Think of it like a bonus check that becomes stock only when specific goals are hit; it ties pay to results, aligning managers’ incentives with shareholders. Investors care because these awards affect future share count, executive incentives, and signal how management’s success will be measured and rewarded.
2024 CEO Performance Award financial
"for the achievement of the fourth tranche of the 2024 CEO Performance Award"
Compensation Committee financial
"performance conditions were determined to have been certified by the Compensation Committee"
A compensation committee is a group within a company's leadership responsible for setting and reviewing how much top executives and employees are paid, including salaries, bonuses, and benefits. It matters to investors because fair and effective pay decisions can influence a company's performance, leadership motivation, and overall governance, helping ensure that the company’s management is aligned with shareholders’ interests.
minimum holding period financial
"shares applicable to each tranche are subject to a minimum holding period"

FAQ

What transaction did AXON (AXON) report for CEO Patrick W. Smith in this Form 4?
AXON reported that CEO Patrick W. Smith acquired 97,015 shares of Common Stock via performance-based restricted stock units from the 2024 CEO Performance Award, after performance conditions were certified by the Compensation Committee on August 16, 2026.

How many AXON (AXON) shares does Patrick W. Smith hold after this award?
After this transaction, Patrick W. Smith directly holds 3,128,012 shares of AXON Common Stock. This total includes the newly acquired performance-based restricted stock units associated with the fourth tranche of the 2024 CEO Performance Award.

When do the newly granted performance-based RSUs for AXON (AXON) CEO vest?
The performance-based restricted stock units granted to AXON’s CEO will vest on December 31, 2029, provided he remains employed through that date. The grant stems from the certified achievement of the fourth tranche of the 2024 CEO Performance Award.

What are the holding requirements for the vested AXON (AXON) shares from this CEO award?
After vesting, the shares are subject to a minimum holding period from the vesting date until the earlier of December 31, 2030 or the vesting of a subsequent tranche, excluding any shares withheld to cover taxes.

Was the AXON (AXON) CEO award in this Form 4 a performance-based grant?
Yes. The transaction consists of performance-based restricted stock units linked to the fourth tranche of the 2024 CEO Performance Award, with performance conditions certified by AXON’s Compensation Committee on August 16, 2026.

Did the AXON (AXON) CEO pay a price per share for this Form 4 stock award?
No cash price was reported; the transaction shows a price per share of $0.0000, reflecting that it is a grant of performance-based restricted stock units rather than an open-market purchase of shares.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
CHIEF EXECUTIVE OFFICER
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
08/16/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock08/16/2026A(1)97,015A$03,128,012D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. The transaction consists of performance-based restricted stock units granted on December 22, 2023, for the achievement of the fourth tranche of the 2024 CEO Performance Award, for which the performance conditions were determined to have been certified by the Compensation Committee on August 16, 2026. The units will vest on December 31, 2029, subject to continued employment through such date. Following the vesting of each tranche, the shares applicable to each tranche are subject to a minimum holding period from the vesting date until the earlier of (i) December 31, 2030 and (ii) the date that a subsequent tranche vests, excluding shares that are withheld to cover taxes.
Remarks:
/s/ Patrick W. Smith by Isaiah Fields, Attorney-in-Fact08/17/2026
** Signature of Reporting PersonDate
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