STOCK TITAN

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

Filing Impact
(High)
Filing Sentiment
(Very Negative)
Form Type
4
Rhea-AI Filing Summary

Patrick W. Smith, Axon CEO and director, reported multiple open-market sales of common stock executed pursuant to a Rule 10b5-1 trading plan adopted May 12, 2025. The Form 4 lists 16 separate sales on 08/11/2025 totaling 10,000 shares executed in multiple trades with reported weighted-average prices by tranche. Reported per-share execution ranges span approximately $821.50 to $839.11. After the reported transactions the filing shows the reporting person beneficially owned 3,053,982 shares of Axon.

The filing discloses the trades were made under a written 10b5-1 plan and provides weighted-average sale prices for each block; the submission is a routine insider disclosure of securities dispositions and the specific trade execution details are available upon request to the SEC staff, issuer or security holders per the filer’s statement.

Patrick W. Smith, amministratore delegato e membro del consiglio di Axon, ha segnalato più vendite sul mercato aperto di azioni ordinarie eseguite ai sensi di un piano di negoziazione Rule 10b5-1 adottato il 12 maggio 2025. Il Modulo 4 elenca 16 vendite distinte in data 11/08/2025 per un totale di 10.000 azioni effettuate mediante più operazioni, con i prezzi medi ponderati riportati per ciascuna tranche. I prezzi di esecuzione per azione variano approssimativamente da $821,50 a $839,11. Dopo le operazioni dichiarate, la comunicazione indica che la persona che ha effettuato la segnalazione deteneva beneficiariamente 3.053.982 azioni di Axon.

La dichiarazione specifica che le negoziazioni sono state effettuate nell'ambito di un piano 10b5-1 scritto e fornisce i prezzi medi ponderati di vendita per ogni blocco; si tratta di una divulgazione di routine relativa a cessioni di titoli da parte di un insider e i dettagli specifici sull'esecuzione possono essere richiesti allo staff della SEC, all'emittente o agli azionisti, come indicato dal dichiarante.

Patrick W. Smith, director ejecutivo y miembro del consejo de Axon, informó varias ventas en el mercado abierto de acciones ordinarias ejecutadas conforme a un plan de negociación Rule 10b5-1 adoptado el 12 de mayo de 2025. El Formulario 4 enumera 16 ventas separadas el 11/08/2025 por un total de 10.000 acciones, realizadas en múltiples operaciones con los precios medios ponderados reportados por lote. Los precios por acción ejecutados oscilan aproximadamente entre $821.50 y $839.11. Tras las operaciones notificadas, la presentación indica que la persona informante poseía beneficiariamente 3.053.982 acciones de Axon.

La presentación revela que las transacciones se realizaron bajo un plan 10b5-1 por escrito y proporciona los precios medios ponderados de venta para cada bloque; se trata de una divulgación rutinaria de disposiciones de valores por parte de un insider, y los detalles concretos de la ejecución están disponibles a petición del personal de la SEC, del emisor o de los accionistas, según señala el declarante.

Axon의 최고경영자(CEO) 겸 이사인 Patrick W. Smith는 2025년 5월 12일 채택된 Rule 10b5-1 거래 계획에 따라 공개시장에서 보통주를 여러 차례 매도했다고 신고했습니다. Form 4에는 2025년 8월 11일에 실행된 16건의 개별 매도가 총 10,000주로 기재되어 있으며, 각 블록별 가중평균 가격이 보고되어 있습니다. 보고된 주당 체결 가격 범위는 대략 $821.50~$839.11입니다. 신고된 거래 이후 해당 신고인은 Axon 주식 3,053,982주를 실질적으로 보유하고 있는 것으로 나타났습니다.

신고서에는 거래가 서면 10b5-1 계획에 따라 이루어졌고 각 블록에 대한 가중평균 매도가 제공된다고 명시되어 있습니다. 이는 내부자의 증권 처분에 관한 일상적인 공개로, 구체적인 거래 실행 내역은 신고인의 진술에 따라 SEC 직원, 발행사 또는 주주가 요청하면 제공된다고 되어 있습니다.

Patrick W. Smith, PDG et administrateur d'Axon, a déclaré plusieurs ventes en marché ouvert d'actions ordinaires exécutées en vertu d'un plan de négociation Rule 10b5-1 adopté le 12 mai 2025. Le formulaire 4 recense 16 ventes distinctes le 11/08/2025 pour un total de 10 000 actions, réalisées en plusieurs opérations avec des prix de vente moyens pondérés indiqués par tranche. Les prix d'exécution par action s'étendent approximativement de 821,50 $ à 839,11 $. Après ces transactions, la déclaration indique que la personne déclarante détenait à titre bénéficiaire 3 053 982 actions d'Axon.

La déclaration précise que les transactions ont été effectuées dans le cadre d'un plan 10b5-1 écrit et fournit les prix de vente moyens pondérés pour chaque lot ; il s'agit d'une divulgation de routine d'un initié concernant des cessions de titres, et les détails d'exécution peuvent être obtenus sur demande auprès du personnel de la SEC, de l'émetteur ou des titulaires de titres, selon la mention du déclarant.

Patrick W. Smith, CEO und Direktor von Axon, meldete mehrere Verkäufe von Stammaktien am offenen Markt, die gemäß einem Rule-10b5-1-Handelsplan durchgeführt wurden, der am 12. Mai 2025 angenommen wurde. In der Form 4 sind 16 einzelne Verkäufe am 11.08.2025 aufgeführt, insgesamt 10.000 Aktien, ausgeführt in mehreren Trades mit den angegebenen gewichteten Durchschnittspreisen je Tranche. Die gemeldeten Ausführungspreise pro Aktie liegen ungefähr im Bereich von $821,50 bis $839,11. Nach den gemeldeten Transaktionen weist die Einreichung aus, dass die meldende Person wirtschaftlich 3.053.982 Aktien von Axon hielt.

Die Einreichung gibt an, dass die Trades unter einem schriftlichen 10b5-1-Plan erfolgten und nennt die gewichteten Durchschnittsverkaufspreise für jede Blocktransaktion; es handelt sich um eine routinemäßige Insider-Offenlegung von Wertpapierveräußerungen, und die konkreten Ausführungsdetails sind auf Anfrage beim SEC-Personal, beim Emittenten oder bei den Wertpapierinhabern gemäß der Erklärung des Meldenden erhältlich.

Positive
  • Transactions were executed pursuant to a Rule 10b5-1 trading plan, with the adoption date disclosed (May 12, 2025).
  • Filer retains substantial ownership after the sales (3,053,982 shares), preserving significant alignment with shareholders.
  • Tranche-level weighted-average prices and execution ranges are disclosed, enabling verification of trade execution details upon request.
Negative
  • None.

Insights

TL;DR: CEO sold 10,000 AXON shares under a pre-established 10b5-1 plan; sales are a small percentage of his >3 million share holding.

The filing reports 16 tranches sold on 08/11/2025 totaling 10,000 shares at weighted-average prices by tranche, with execution ranges from about $821.50 to $839.11 per share. Given the post-transaction beneficial ownership of 3,053,982 shares, the dispositions represent roughly 0.3% of that holding, indicating limited direct impact on ownership concentration or control. The explicit statement that trades were effected pursuant to a Rule 10b5-1 plan reduces uncertainty about timing intent and supports transparent disclosure for investors.

TL;DR: Use of a Rule 10b5-1 plan and detailed tranche pricing supports governance transparency; transactions appear pre-planned and fully disclosed.

The Form 4 identifies the trading plan adoption date and includes tranche-level weighted-average prices and executory ranges, allowing stakeholders to verify that sales were pre-authorized. The reporting person remains a substantial shareholder with 3,053,982 shares after the disposals. From a governance perspective, clear documentation of a 10b5-1 plan and full Section 16 disclosure are positive controls on potential insider trading concerns, and the size of the disposals is not material to overall ownership.

Patrick W. Smith, amministratore delegato e membro del consiglio di Axon, ha segnalato più vendite sul mercato aperto di azioni ordinarie eseguite ai sensi di un piano di negoziazione Rule 10b5-1 adottato il 12 maggio 2025. Il Modulo 4 elenca 16 vendite distinte in data 11/08/2025 per un totale di 10.000 azioni effettuate mediante più operazioni, con i prezzi medi ponderati riportati per ciascuna tranche. I prezzi di esecuzione per azione variano approssimativamente da $821,50 a $839,11. Dopo le operazioni dichiarate, la comunicazione indica che la persona che ha effettuato la segnalazione deteneva beneficiariamente 3.053.982 azioni di Axon.

La dichiarazione specifica che le negoziazioni sono state effettuate nell'ambito di un piano 10b5-1 scritto e fornisce i prezzi medi ponderati di vendita per ogni blocco; si tratta di una divulgazione di routine relativa a cessioni di titoli da parte di un insider e i dettagli specifici sull'esecuzione possono essere richiesti allo staff della SEC, all'emittente o agli azionisti, come indicato dal dichiarante.

Patrick W. Smith, director ejecutivo y miembro del consejo de Axon, informó varias ventas en el mercado abierto de acciones ordinarias ejecutadas conforme a un plan de negociación Rule 10b5-1 adoptado el 12 de mayo de 2025. El Formulario 4 enumera 16 ventas separadas el 11/08/2025 por un total de 10.000 acciones, realizadas en múltiples operaciones con los precios medios ponderados reportados por lote. Los precios por acción ejecutados oscilan aproximadamente entre $821.50 y $839.11. Tras las operaciones notificadas, la presentación indica que la persona informante poseía beneficiariamente 3.053.982 acciones de Axon.

La presentación revela que las transacciones se realizaron bajo un plan 10b5-1 por escrito y proporciona los precios medios ponderados de venta para cada bloque; se trata de una divulgación rutinaria de disposiciones de valores por parte de un insider, y los detalles concretos de la ejecución están disponibles a petición del personal de la SEC, del emisor o de los accionistas, según señala el declarante.

Axon의 최고경영자(CEO) 겸 이사인 Patrick W. Smith는 2025년 5월 12일 채택된 Rule 10b5-1 거래 계획에 따라 공개시장에서 보통주를 여러 차례 매도했다고 신고했습니다. Form 4에는 2025년 8월 11일에 실행된 16건의 개별 매도가 총 10,000주로 기재되어 있으며, 각 블록별 가중평균 가격이 보고되어 있습니다. 보고된 주당 체결 가격 범위는 대략 $821.50~$839.11입니다. 신고된 거래 이후 해당 신고인은 Axon 주식 3,053,982주를 실질적으로 보유하고 있는 것으로 나타났습니다.

신고서에는 거래가 서면 10b5-1 계획에 따라 이루어졌고 각 블록에 대한 가중평균 매도가 제공된다고 명시되어 있습니다. 이는 내부자의 증권 처분에 관한 일상적인 공개로, 구체적인 거래 실행 내역은 신고인의 진술에 따라 SEC 직원, 발행사 또는 주주가 요청하면 제공된다고 되어 있습니다.

Patrick W. Smith, PDG et administrateur d'Axon, a déclaré plusieurs ventes en marché ouvert d'actions ordinaires exécutées en vertu d'un plan de négociation Rule 10b5-1 adopté le 12 mai 2025. Le formulaire 4 recense 16 ventes distinctes le 11/08/2025 pour un total de 10 000 actions, réalisées en plusieurs opérations avec des prix de vente moyens pondérés indiqués par tranche. Les prix d'exécution par action s'étendent approximativement de 821,50 $ à 839,11 $. Après ces transactions, la déclaration indique que la personne déclarante détenait à titre bénéficiaire 3 053 982 actions d'Axon.

La déclaration précise que les transactions ont été effectuées dans le cadre d'un plan 10b5-1 écrit et fournit les prix de vente moyens pondérés pour chaque lot ; il s'agit d'une divulgation de routine d'un initié concernant des cessions de titres, et les détails d'exécution peuvent être obtenus sur demande auprès du personnel de la SEC, de l'émetteur ou des titulaires de titres, selon la mention du déclarant.

Patrick W. Smith, CEO und Direktor von Axon, meldete mehrere Verkäufe von Stammaktien am offenen Markt, die gemäß einem Rule-10b5-1-Handelsplan durchgeführt wurden, der am 12. Mai 2025 angenommen wurde. In der Form 4 sind 16 einzelne Verkäufe am 11.08.2025 aufgeführt, insgesamt 10.000 Aktien, ausgeführt in mehreren Trades mit den angegebenen gewichteten Durchschnittspreisen je Tranche. Die gemeldeten Ausführungspreise pro Aktie liegen ungefähr im Bereich von $821,50 bis $839,11. Nach den gemeldeten Transaktionen weist die Einreichung aus, dass die meldende Person wirtschaftlich 3.053.982 Aktien von Axon hielt.

Die Einreichung gibt an, dass die Trades unter einem schriftlichen 10b5-1-Plan erfolgten und nennt die gewichteten Durchschnittsverkaufspreise für jede Blocktransaktion; es handelt sich um eine routinemäßige Insider-Offenlegung von Wertpapierveräußerungen, und die konkreten Ausführungsdetails sind auf Anfrage beim SEC-Personal, beim Emittenten oder bei den Wertpapierinhabern gemäß der Erklärung des Meldenden erhältlich.

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)
08/11/2025
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 08/11/2025 S(1) 305 D $821.6848(2) 3,063,677 D
Common Stock 08/11/2025 S(1) 969 D $823.281(3) 3,062,708 D
Common Stock 08/11/2025 S(1) 706 D $824.5407(4) 3,062,002 D
Common Stock 08/11/2025 S(1) 92 D $826.1392(5) 3,061,910 D
Common Stock 08/11/2025 S(1) 72 D $827.397(6) 3,061,838 D
Common Stock 08/11/2025 S(1) 456 D $828.8176(7) 3,061,382 D
Common Stock 08/11/2025 S(1) 943 D $830.248(8) 3,060,439 D
Common Stock 08/11/2025 S(1) 951 D $831.4853(9) 3,059,488 D
Common Stock 08/11/2025 S(1) 1,194 D $832.3429(10) 3,058,294 D
Common Stock 08/11/2025 S(1) 1,035 D $833.7127(11) 3,057,259 D
Common Stock 08/11/2025 S(1) 1,327 D $834.6172(12) 3,055,932 D
Common Stock 08/11/2025 S(1) 1,166 D $835.5671(13) 3,054,766 D
Common Stock 08/11/2025 S(1) 448 D $836.5273(14) 3,054,318 D
Common Stock 08/11/2025 S(1) 125 D $838.0874(15) 3,054,193 D
Common Stock 08/11/2025 S(1) 182 D $839.0971(16) 3,054,011 D
Common Stock 08/11/2025 S(1) 29 D $842.89 3,053,982 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 $821.50 to $822.12. 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.
3. The transaction was executed in multiple trades at prices ranging from $822.735 to $823.60. 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 $823.90 to $824.83. 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 $826.09 to $826.22. 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 $827.185 to $827.40. 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.
7. The transaction was executed in multiple trades at prices ranging from $828.405 to $829.27. 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 $829.52 to $830.43. 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.
9. The transaction was executed in multiple trades at prices ranging from $831.00 to $831.985. 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 $832.00 to $832.73. 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 $833.015 to $834.00. 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 $834.01 to $834.99. 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 $835.14 to $836.025. 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 $836.51 to $836.57. 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 $837.795 to $838.145. 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 $838.93 to $839.11. 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 08/12/2025
** 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

Who filed the Form 4 for AXON?

Patrick W. Smith, who is identified in the filing as a director and the Chief Executive Officer, filed the Form 4.

How many Axon (AXON) shares were sold in this filing?

The filing reports sales totaling 10,000 shares executed in multiple tranches on 08/11/2025.

At what prices were the AXON shares sold?

Tranche-weighted average and execution ranges are provided by the filer; the reported execution price range across tranches is approximately $821.50 to $839.11 per share.

Were the sales made under a trading plan?

Yes. The filing states the transactions were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 12, 2025.

How many AXON shares does the reporting person beneficially own after the transactions?

After the reported transactions the filing shows the reporting person beneficially owned 3,053,982 shares.

Can additional details about the trades be requested?

Yes. The filer states they will provide full information on the number of shares and prices at which transactions were effected upon request to the SEC staff, the issuer or a security holder.
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