AXON Form 4: 336 Time‑Vested RSUs to Director Todd Morgenfeld

Rhea-AI Filing Summary

Todd R. Morgenfeld, a director of Axon Enterprise, Inc. (AXON), was granted 336 time-vested restricted stock units on 08/28/2025 under the Axon Amended and Restated 2022 Stock Incentive Plan. The grant was recorded as a non‑derivative acquisition at a $0 price and the reporting person beneficially owned 336 shares following the transaction. The awards are scheduled to vest in three equal installments beginning on 08/28/2026.

The Form 4 was signed on behalf of Mr. Morgenfeld by an attorney‑in‑fact on 09/02/2025. No derivative securities, option exercises, sales, or other transactions are reported in this filing.

Insights

Financial Analyst

TL;DR Director received a small grant of 336 time‑vested RSUs that vests over three installments starting August 28, 2026.

The transaction is a routine equity grant disclosed on a Form 4. The size of the grant (336 RSUs) is modest and non‑cash ($0 price), so it is unlikely to have a material impact on Axon’s capital structure or near‑term financial metrics. The filing documents direct beneficial ownership of 336 shares following the grant and shows no sales or derivative activity for the reporting person.

Corporate Governance Expert

TL;DR This Form 4 reports a standard time‑vested restricted stock unit award to a director with a multi‑installment vesting schedule.

The award is granted under Axon’s Amended and Restated 2022 Stock Incentive Plan and vests in three equal installments beginning August 28, 2026, which is consistent with typical director equity compensation practices. The Form 4 was executed by an attorney‑in‑fact and discloses direct beneficial ownership of 336 shares after the transaction. There are no indications of additional arrangements or derivative positions disclosed here.

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).

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^*

Morgenfeld Todd R

(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
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/28/2025

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	08/28/2025		A		336(1)	A	$0	336	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. Time-vested restricted stock units granted to the reporting person pursuant to the Axon Enterprise, Inc. Amended and Restated 2022 Stock Incentive Plan. The grant is scheduled to vest in three equal installments beginning on August 28, 2026.

Remarks:

	/s/ Todd Morgenfeld by Isaiah Fields, Attorney-in-Fact	09/02/2025
	** 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 Todd R. Morgenfeld report on the Form 4 for AXON?

The Form 4 reports a grant of 336 time‑vested restricted stock units to Todd R. Morgenfeld on 08/28/2025 under Axon’s 2022 Stock Incentive Plan.

When do the restricted stock units granted to Mr. Morgenfeld vest?

The award is scheduled to vest in three equal installments beginning on 08/28/2026.

How many shares did Mr. Morgenfeld beneficially own after the reported transaction?

The filing shows 336 shares beneficially owned by the reporting person following the transaction.

Was there any cash paid for the securities reported in the Form 4?

No cash was reported; the transaction is recorded at a $0 price.

Who signed the Form 4 and when was it signed?

The Form 4 was signed on behalf of Todd Morgenfeld by an attorney‑in‑fact (Isaiah Fields) on 09/02/2025.