Axon Enterprise (NASDAQ: AXON) CEO sells 10,000 shares under 10b5-1 plan

Rhea-AI Filing Summary

Axon Enterprise chief executive officer and director Patrick W. Smith reported selling a total of 10,000 shares of common stock on January 7, 2026. The sales were executed in multiple trades at weighted average prices generally between $609.99 and $624.35. According to the filing, all transactions were made under a pre-arranged Rule 10b5-1 trading plan adopted on May 12, 2025. After these sales, Smith directly owned 3,100,997 shares of Axon Enterprise common stock.

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

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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).

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)
01/07/2026

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	01/07/2026		S(1)		194	D	$610.2517(2)	3,110,803	D
Common Stock	01/07/2026		S(1)		791	D	$611.5567(3)	3,110,012	D
Common Stock	01/07/2026		S(1)		136	D	$612.3863(4)	3,109,876	D
Common Stock	01/07/2026		S(1)		572	D	$613.4504(5)	3,109,304	D
Common Stock	01/07/2026		S(1)		352	D	$614.6524(6)	3,108,952	D
Common Stock	01/07/2026		S(1)		204	D	$616.9371(7)	3,108,748	D
Common Stock	01/07/2026		S(1)		384	D	$617.6738(8)	3,108,364	D
Common Stock	01/07/2026		S(1)		1,469	D	$619.0023(9)	3,106,895	D
Common Stock	01/07/2026		S(1)		2,040	D	$619.9014(10)	3,104,855	D
Common Stock	01/07/2026		S(1)		1,427	D	$621.0671(11)	3,103,428	D
Common Stock	01/07/2026		S(1)		854	D	$621.9587(12)	3,102,574	D
Common Stock	01/07/2026		S(1)		941	D	$622.9327(13)	3,101,633	D
Common Stock	01/07/2026		S(1)		492	D	$623.8401(14)	3,101,141	D
Common Stock	01/07/2026		S(1)		144	D	$625	3,100,997	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 $609.99 to $610.63. 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 $611.00 to $611.88. 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 $612.06 to $612.885. 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 $613.13 to $614.055. 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 $614.61 to $614.82. 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.

7. The transaction was executed in multiple trades at prices ranging from $616.01 to $616.97. 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.

8. The transaction was executed in multiple trades at prices ranging from $617.34 to $618.33. 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 $618.43 to $619.39. 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.

10. The transaction was executed in multiple trades at prices ranging from $619.44 to $620.355. 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 $620.47 to $621.425. 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 $621.515 to $622.34. 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 $622.58 to $623.43. 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 $623.60 to $624.35. 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	01/08/2026
	** 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 report in this Form 4 filing?

The Form 4 reports that Patrick W. Smith, chief executive officer and director of Axon Enterprise, Inc., sold shares of the company’s common stock in a series of transactions on January 7, 2026.

How many Axon Enterprise (AXON) shares did the CEO sell and what does he own now?

Across multiple trades, Patrick W. Smith sold a total of 10,000 shares of Axon Enterprise common stock. Following these transactions, he directly owned 3,100,997 shares.

At what prices were the AXON shares sold in the reported transactions?

The sales were executed in multiple trades at weighted average prices listed around $610 to $625 per share, with disclosed trading ranges from $609.99 up to $624.35 in the various footnotes.

Was the Axon Enterprise CEO’s stock sale made under a Rule 10b5-1 trading plan?

Yes. A footnote states that the transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by Patrick W. Smith on May 12, 2025.

Are the AXON shares sold by Patrick W. Smith held directly or indirectly?

The Form 4 lists the nature of ownership for the reported common stock as direct (D), indicating the reported holdings after the sales are directly owned by Patrick W. Smith.

How were the Axon Enterprise CEO’s trades structured on January 7, 2026?

The filing shows multiple separate sale entries on January 7, 2026, each with a specific number of shares and a weighted average sale price. Footnotes clarify that each sale was executed in numerous trades within disclosed price ranges.