AXON ENTERPRISE, INC. 8-K

What Happened

• Axon Enterprise, Inc. announced it redeemed and settled conversions of its 0.50% convertible senior notes due 2027. On February 10, 2026 the company redeemed $840,000 principal in cash at 100% of principal plus accrued interest. On February 11, 2026 the company settled conversions totaling $80,270,000 principal, delivering approximately $80.3 million in cash and 211,870 shares. The company also received 41,139 shares from option counterparties related to hedging arrangements. As a result, no convertible notes remain outstanding.

Key Details

• Security: 0.50% convertible senior notes due 2027 (the "Convertible Notes")
• Redemption: $840,000 principal redeemed on Feb 10, 2026, paid in cash at 100% of principal plus accrued interest
• Conversions settled: $80,270,000 principal converted on Feb 11, 2026; delivered ~ $80.3M cash and 211,870 shares
• Hedging receipts: Company received 41,139 shares from option counterparties tied to the original hedges

Why It Matters

• This action eliminates Axon’s outstanding convertible-note liability tied to the 2027 notes, removing future interest and principal obligations under those instruments. The conversions involved both cash payments and issuance of shares, so investors should note both the cash outflow (~$80.3M) and the share issuance (211,870 shares, partially offset by 41,139 shares received). The filing confirms the company has fully settled these convertible notes, which affects the company’s debt profile and the potential for future dilution from these specific instruments.