[Form 4] Axon Enterprise, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Brittany Bagley, listed as COO & CFO of Axon Enterprise, Inc. (AXON), reported a transaction dated 08/13/2025 on Form 4 showing the disposition of 815 shares of Axon common stock at a price of $765.52 per share. The filing states these shares were withheld to satisfy tax obligations arising from the vesting of restricted stock units. After the transaction Bagley beneficially owned 113,892 shares, held directly. The form was signed via attorney-in-fact on 08/15/2025. This disclosure documents a routine, non-market-sale withholding to cover taxes rather than an open-market sale.

Positive

• Transparent disclosure filed with the SEC detailing the transaction
• Transaction explained as tax-withholding from RSU vesting rather than open-market sale
• Officer maintains significant ownership with 113,892 shares following the withholding

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Routine tax-withholding from RSU vesting disclosed; no indication of opportunistic selling or governance concerns.

The Form 4 shows an officer-level insider used share withholding to meet tax liabilities tied to RSU vesting rather than executing an open-market sale. This is common practice and typically viewed as administrative rather than signaling a change in insider conviction. The remaining direct ownership of 113,892 shares maintains meaningful alignment with shareholders. No additional governance or compliance issues are evident from the filing text.

Securities Analyst

TL;DR: Small, non-dispositive disposition via tax withholding; immaterial to company valuation.

The disposal of 815 shares at $765.52 per share represents a routine withholding action to satisfy tax liabilities from RSU vesting. The filing does not report open-market sales or additional derivative transactions. Given the size relative to total insider holdings and absence of other transactions, this Form 4 should have negligible impact on near-term market valuation or liquidity considerations.

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

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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^*

Bagley Brittany

(Last) (First) (Middle)

17800 N 85TH ST

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	COO & CFO

3. Date of Earliest Transaction (Month/Day/Year)
08/13/2025

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	08/13/2025		F(1)		815	D	$765.52	113,892	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. Securities disposed represent securities withheld to settle the reporting person's tax liability resulting from the vesting of restricted stock units.

Remarks:

	/s/ Brittany Bagley by Isaiah Fields, Attorney-in-Fact	08/15/2025
	** 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 insider Brittany Bagley report on Form 4?

The filing reports the disposition of 815 shares on 08/13/2025, withheld to satisfy tax liabilities from RSU vesting.

At what price were the 815 Axon shares disposed?

The shares were disposed at a reported price of $765.52 per share.

How many Axon shares does Brittany Bagley beneficially own after the transaction?

Following the transaction Bagley beneficially owned 113,892 shares, held directly.

Was this an open-market sale or a tax-withholding event?

The filing explicitly states the shares were withheld to settle tax liability resulting from RSU vesting, not an open-market sale.

When was the Form 4 signed and by whom?

The Form 4 was signed on 08/15/2025 by Brittany Bagley via an attorney-in-fact, Isaiah Fields.