[Form 4] AXON ENTERPRISE, INC. Insider Trading Activity

Rhea-AI Filing Summary

AXON director and CEO Patrick W. Smith reported open-market sales totaling 10,000 shares of common stock on 10/07/2025, executed in multiple blocks at weighted-average prices between $706.42 and $724.31. Each sale line lists the number of shares sold and the weighted-average sale price; after the transactions Mr. Smith holds 3,033,982 shares. The filing states the trades were made under a Rule 10b5-1 trading plan adopted on 05/12/2025, and the reporting person offers to provide trade-level price and share detail on request. The Form 4 is signed on 10/08/2025 by an attorney-in-fact.

Positive

• Trades executed under a Rule 10b5-1 plan adopted on 05/12/2025, which supports pre-planned, non‑discretionary sales
• Full-weighted average prices disclosed for each sale block with an undertaking to provide trade-level details on request

Negative

• Total insider disposals of 10,000 shares on 10/07/2025, reducing the reporting person’s holdings to 3,033,982 shares

Insights

Corporate Governance Analyst

TL;DR: CEO reported structured sales of 10,000 shares under a Rule 10b5-1 plan adopted on 05/12/2025.

The filing documents multiple open-market disposals totaling 10,000 shares executed on 10/07/2025 at weighted-average prices reported per block (examples range from $706.42 to $724.31

The transactions are explicitly linked to a Rule 10b5-1 trading plan, which provides an affirmative defense when properly adopted and executed; the filer also commits to supply detailed trade-level information on request. Watch for any further Section 16 filings that change beneficial ownership or disclose modifications to the plan within the next reporting cycle.

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)
10/07/2025

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	10/07/2025		S(1)		412	D	$706.75(2)	3,043,570	D
Common Stock	10/07/2025		S(1)		643	D	$707.9066(3)	3,042,927	D
Common Stock	10/07/2025		S(1)		379	D	$709.1479(4)	3,042,548	D
Common Stock	10/07/2025		S(1)		1,124	D	$710.3775(5)	3,041,424	D
Common Stock	10/07/2025		S(1)		1,928	D	$711.3967(6)	3,039,496	D
Common Stock	10/07/2025		S(1)		1,529	D	$712.5195(7)	3,037,967	D
Common Stock	10/07/2025		S(1)		895	D	$713.8046(8)	3,037,072	D
Common Stock	10/07/2025		S(1)		240	D	$715.6637(9)	3,036,832	D
Common Stock	10/07/2025		S(1)		269	D	$716.6888(10)	3,036,563	D
Common Stock	10/07/2025		S(1)		457	D	$718.2452(11)	3,036,106	D
Common Stock	10/07/2025		S(1)		1,007	D	$719.5897(12)	3,035,099	D
Common Stock	10/07/2025		S(1)		456	D	$721.1723(13)	3,034,643	D
Common Stock	10/07/2025		S(1)		433	D	$721.8476(14)	3,034,210	D
Common Stock	10/07/2025		S(1)		73	D	$723.15	3,034,137	D
Common Stock	10/07/2025		S(1)		155	D	$724.31	3,033,982	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 $706.42 to $707.31. 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 $707.45 to $708.17. 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 $708.72 to $709.67. 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 $709.72 to $710.65. 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 $710.76 to $711.67. 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 $711.93 to $712.90. 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 $713.45 to $714.34. 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.

9. The transaction was executed in multiple trades at prices ranging from $715.06 to $715.94. 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.

10. The transaction was executed in multiple trades at prices ranging from $716.46 to $717.09. 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 $718.02 to $718.65. 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 $719.09 to $720.08. 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 $720.495 to $721.33. 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.

14. The transaction was executed in multiple trades at prices ranging from $721.545 to $721.98. 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	10/08/2025
	** 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 did AXON CEO Patrick W. Smith report on Form 4 (AXON)?

The filing reports open-market sales totaling 10,000 shares on 10/07/2025, executed in multiple blocks with weighted-average prices reported per block.

Were the sales by Patrick W. Smith part of a preplanned program?

Yes. The Form 4 states the transactions were effected pursuant to a Rule 10b5-1 trading plan adopted on 05/12/2025.

What prices were the shares sold at in the Form 4?

Weighted-average prices for the reported blocks range from $706.42 to $724.31, with specific block averages listed in the filing.

How many shares does Patrick W. Smith hold after the reported trades?

The filing shows beneficial ownership of 3,033,982 shares following the reported transactions.

Who signed the Form 4 for Patrick W. Smith and when?

The Form 4 was signed by an attorney-in-fact, Isaiah Fields, on 10/08/2025.