AXON insider sale: CEO unloads 10,000 shares via Rule 10b5-1

Rhea-AI Filing Summary

Axon Enterprise (AXON) disclosed that its Chief Executive Officer and Director sold 10,000 shares of common stock on 11/07/2025 in multiple transactions executed under a Rule 10b5-1 trading plan adopted on May 12, 2025. The trades were reported across price tranches, with individual weighted-average sale prices noted, ranging from $579.4601 to $610.58. Following these sales, the reporting person beneficially owns 3,023,982 shares, held directly.

Insights

Insider transactions analyst

Routine 10b5-1 insider sale; modest relative size.

The CEO sold 10,000 shares on 11/07/2025 via a pre-arranged Rule 10b5-1 plan adopted on May 12, 2025. Prices were reported in multiple tranches with weighted-average sales from $579.4601 to $610.58.

Post-transaction holdings are 3,023,982 shares directly owned. Based on the disclosed figures, the sale represents a small portion of the insider’s stake. Actual market impact depends on broader trading volumes and is not indicated here.

Subsequent filings may provide additional transaction details if further plan executions occur.

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)
11/07/2025

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	11/07/2025		S(1)		681	D	$579.4601(2)	3,033,301	D
Common Stock	11/07/2025		S(1)		569	D	$580.4033(3)	3,032,732	D
Common Stock	11/07/2025		S(1)		422	D	$581.24	3,032,310	D
Common Stock	11/07/2025		S(1)		28	D	$582.6411(4)	3,032,282	D
Common Stock	11/07/2025		S(1)		428	D	$583.8891(5)	3,031,854	D
Common Stock	11/07/2025		S(1)		880	D	$585.0356(6)	3,030,974	D
Common Stock	11/07/2025		S(1)		350	D	$586.4056(7)	3,030,624	D
Common Stock	11/07/2025		S(1)		103	D	$587.0765(8)	3,030,521	D
Common Stock	11/07/2025		S(1)		902	D	$588.469(9)	3,029,619	D
Common Stock	11/07/2025		S(1)		632	D	$589.594(10)	3,028,987	D
Common Stock	11/07/2025		S(1)		425	D	$590.4832(11)	3,028,562	D
Common Stock	11/07/2025		S(1)		486	D	$591.4272(12)	3,028,076	D
Common Stock	11/07/2025		S(1)		693	D	$592.8875(13)	3,027,383	D
Common Stock	11/07/2025		S(1)		32	D	$593.6611(14)	3,027,351	D
Common Stock	11/07/2025		S(1)		276	D	$594.9471(15)	3,027,075	D
Common Stock	11/07/2025		S(1)		394	D	$596.8842(16)	3,026,681	D
Common Stock	11/07/2025		S(1)		503	D	$597.8367(17)	3,026,178	D
Common Stock	11/07/2025		S(1)		883	D	$599.5199(18)	3,025,295	D
Common Stock	11/07/2025		S(1)		273	D	$600.2623(19)	3,025,022	D
Common Stock	11/07/2025		S(1)		449	D	$601.9436(20)	3,024,573	D
Common Stock	11/07/2025		S(1)		186	D	$603.1352(21)	3,024,387	D
Common Stock	11/07/2025		S(1)		59	D	$605.0942(22)	3,024,328	D
Common Stock	11/07/2025		S(1)		129	D	$606.6764(23)	3,024,199	D
Common Stock	11/07/2025		S(1)		104	D	$607.624(24)	3,024,095	D
Common Stock	11/07/2025		S(1)		52	D	$608.61	3,024,043	D
Common Stock	11/07/2025		S(1)		61	D	$610.58	3,023,982	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 $578.825 to $579.81. 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 $579.955 to $580.84. 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.

4. The transaction was executed in multiple trades at prices ranging from $582.34 to $583.135. 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 $583.41 to $584.33. 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.

6. The transaction was executed in multiple trades at prices ranging from $584.41 to $585.385. 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 $585.69 to $586.64. 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.

8. The transaction was executed in multiple trades at prices ranging from $586.73 to $587.50. 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.

9. The transaction was executed in multiple trades at prices ranging from $588.005 to $588.92. 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.

10. The transaction was executed in multiple trades at prices ranging from $589.055 to $590.02. 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.

11. The transaction was executed in multiple trades at prices ranging from $590.14 to $590.82. 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.

12. The transaction was executed in multiple trades at prices ranging from $591.17 to $592.05. 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.

13. The transaction was executed in multiple trades at prices ranging from $592.23 to $593.14. 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 $593.29 to $593.765. 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 $594.58 to $595.40. 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 $596.51 to $597.34. 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.

17. The transaction was executed in multiple trades at prices ranging from $597.64 to $598.59. 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 $598.715 to $599.69. 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 $599.89 to $600.64. 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.

20. The transaction was executed in multiple trades at prices ranging from $601.69 to $602.625. 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 $602.79 to $603.39. 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.

22. The transaction was executed in multiple trades at prices ranging from $604.31 to $605.12. 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.

23. The transaction was executed in multiple trades at prices ranging from $606.05 to $606.92. 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.

24. The transaction was executed in multiple trades at prices ranging from $607.59 to $607.905. 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	11/12/2025
	** 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

How many AXON shares did the CEO sell?

The CEO sold 10,000 shares of Axon Enterprise common stock.

When did the AXON insider transactions occur?

The sales took place on 11/07/2025.

Were the AXON insider sales under a 10b5-1 plan?

Yes. The transactions were effected under a Rule 10b5-1 trading plan adopted on May 12, 2025.

What price range was reported for the AXON share sales?

Weighted-average sale prices reported ranged from $579.4601 to $610.58 across multiple trades.

How many AXON shares does the CEO own after the sale?

Following the transactions, the CEO beneficially owns 3,023,982 shares directly.

What is the insider’s relationship to AXON?

The reporting person is both a Director and the Chief Executive Officer of Axon Enterprise, Inc.