Axos Financial (AX) CEO Gregory Garrabrants Sells Shares

What Happened

• Gregory Garrabrants, President, CEO and Director of Axos Financial, sold 43,294 shares in an open‑market transaction on Feb 4, 2026 for a weighted average price of $99.10, totaling $4,290,392.
• On Feb 5, 2026 he donated two separate blocks of shares to charitable funds: 1,513 shares (value $149,742) and 1,009 shares (value $99,861) at $98.97 per share.
• The shares involved were previously issued following the vesting of RSUs (per footnote), so these were dispositions of vested equity rather than fresh purchases.

Key Details

• Transaction dates and prices:
  • Feb 4, 2026 — Sale of 43,294 shares at a weighted average price of $99.10 (sales executed in multiple trades at $99.00–$99.50; reporting person can provide detailed trade prices per F2).
  • Feb 5, 2026 — Gifts of 1,513 and 1,009 shares at $98.97 each (F3, F4).
• Total values: $4,290,392 (sale) and $249,603 (combined charitable donations).
• Source of shares: RSUs that vested and were issued on June 30, 2025 (F1).
• Shares owned after the transactions: not included in the provided excerpt of the Form 4.
• Filing: Form 4 accession dated Feb 6, 2026; no late‑filing flag provided in the excerpt.

Context

• Sales of vested RSUs are common for liquidity, tax or portfolio‑management reasons; gifts to charity are non‑market signals and do not necessarily indicate the insider’s view of the company’s prospects.
• The sale was a sizable cash‑raising disposition (~$4.3M); the charitable donations totaled roughly $250K.