Axos Financial (AX) CEO Gregory Garrabrants Receives RSU Award

What Happened

Gregory Garrabrants, President and Chief Executive Officer and a director of Axos Financial, received a grant of 61,482 restricted stock units (RSUs) on September 3, 2026. The grant is reported as a derivative acquisition at $0.00 (typical for RSU awards) — the RSUs are contingent rights to receive one share of Axos Financial common stock per RSU upon vesting. This was an award (not a purchase or sale) and involved no cash outlay by the reporting person.

Key Details

• Transaction date: 2026-09-03; Form 4 filed 2026-09-04 (timely filing).
• Transaction type/code: Award/Grant (A); reported price $0.00; 61,482 RSUs granted (derivative).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnotes from the filing:
  • F1: RSUs granted under the 2014 Stock Incentive Plan in connection with the CEO employment contract.
  • F2: Each RSU represents a contingent right to one share of common stock.
  • F3: RSUs vest over four years, with one-fourth vesting on each fiscal year-end following the grant date.

Context

RSU grants are a common form of executive compensation tied to continued service and/or performance; they do not represent an immediate cash investment or sale. The award will convert into shares as portions vest over the next four fiscal year-ends, at which point the reporting person may receive shares (and any applicable tax withholding may apply). This filing is informational about compensation rather than an indicator of an immediate buy or sell.