MATSUMOTO RAYMOND D 4

4 · Axos Financial, Inc. · Filed Mar 16, 2026

AI-generated summary of this filing

Updated Mar 17, 2026

Axos Financial (AX) COO Raymond Matsumoto Receives RSU Vesting

What Happened

Raymond D. Matsumoto, Chief Operating Officer of Axos Financial (AX), had derivative instruments converted/ exercised and received stock connected to RSU activity on March 15, 2026. The filing shows two exercise/conversion events totaling 4,430 underlying shares acquired at $84.68 each (2,474 shares = $209,498; 1,956 shares = $165,634 = $375,132 total). The issuer withheld 2,453 shares for tax withholding (1,055 shares = $89,337; 1,398 shares = $118,383 = $207,720 total). The report also shows a grant/award of 3,189 restricted stock units (RSUs).

Key Details

Transaction date: March 15, 2026; Form 4 filed March 16, 2026 (timely filing).
Exercise/conversion (code M): 2,474 shares @ $84.68 ($209,498) and 1,956 shares @ $84.68 ($165,634).
Disposition to issuer (tax withholding, code D): 1,055 shares and 1,398 shares withheld at $84.68 (total value withheld $207,720).
Grant/award (code A): 3,189 RSUs reported as granted/awarded.
Footnotes: RSUs vest one‑third on each anniversary of grant, are 1:1 contingent rights to common stock and carry dividend equivalent rights; withheld shares reflect net‑settlement for taxes.
No 10b5‑1 or late‑filing notation included in the filing.

Context

The filing shows a conversion/exercise and routine tax withholding (issuer retention of shares) rather than an open‑market sale to a third party. Withheld shares for taxes are standard when RSUs vest or are settled net.
RSU grants and vesting are compensation events; they do not necessarily indicate the insider is buying or selling for market bets. Exercise/conversion (M) here reflects settlement of derivative/RSU rights into common stock.

Form 4

Period: 2026-03-15

EVP, Chief Operating Officer

Transactions

Exercise/Conversion
Common Stock
[F1]
2026-03-15$84.68/sh+2,474$209,498→ 41,383 total
Exercise/Conversion
Common Stock
[F1]
2026-03-15$84.68/sh+1,956$165,634→ 43,339 total
Disposition to Issuer
Common Stock
[F2]
2026-03-15$84.68/sh−1,055$89,337→ 42,284 total
Disposition to Issuer
Common Stock
[F2]
2026-03-15$84.68/sh−1,398$118,383→ 40,886 total
Exercise/Conversion
Restricted Stock Units
[F3][F4][F5]
2026-03-15−2,474→ 17,501 total
→ Common Stock (2,474 underlying)
Exercise/Conversion
Restricted Stock Units
[F3][F4][F5]
2026-03-15−1,956→ 15,545 total
→ Common Stock (1,956 underlying)
Award
Restricted Stock Units
[F6][F4][F5]
2026-03-15+3,189→ 18,734 total
→ Common Stock (3,189 underlying)

Holdings

Footnotes (6)

[F1]Represents shares of Common Stock issued on March 15, 2026, following the vesting of Restricted Stock Units ("RSUs") which vest as to one-third of the shares on each anniversary of the date of grant. The RSUs were previously granted to the reporting person under the Axos Financial, Inc. 2014 Amended and Restated 2014 Stock Incentive Plan.
[F2]Represents shares of Common Stock retained by Axos Financial, Inc. for tax withholding purposes in connection with the net-settlement on the issuance of shares of Common Stock in respect to the vested RSUs.
[F3]The RSUs were granted to the reporting person under the Axos Financial, Inc. 2014 Stock Incentive Plan. The RSUs are accompanied by dividend equivalent rights.
[F4]Each RSU represents a contingent right to receive one share of Axos Financial, Inc. Common Stock.
[F5]The RSUs vest as to one-third of the shares on each anniversary date of grant.
[F6]Grant to the reporting person on March 15, 2026 of restricted stock units ("RSUs") under the Axos Financial, Inc. 2014 Stock Incentive Plan.

Signature

By: Derrick Walsh For: Raymond Matsumoto|2026-03-16

1 file