SMITH PATRICK W 4
4 · AXON ENTERPRISE, INC. · Filed Mar 11, 2026
Research Summary
AI-generated summary of this filing
Axon (AXON) CEO Patrick W. Smith Sells 10,000 Shares
What Happened
Patrick W. Smith, CEO of Axon Enterprise, sold a total of 10,000 shares in open‑market transactions on March 9, 2026. The reported per‑trade weighted average prices range from $546.81 to $577.12, producing aggregate proceeds of approximately $5,602,392. These sales were reported as dispositions (code S) and were effected under a Rule 10b5‑1 trading plan.
Key Details
- Transaction date: March 9, 2026 (Form 4 filed March 11, 2026) — filing appears timely (within the usual 2‑business‑day window).
- Total shares sold: 10,000; aggregate proceeds: ~$5.60 million.
- Reported prices (weighted averages per lot): $546.81 up to $577.12; several lots were executed as multiple trades with price ranges (see footnotes) and use weighted average prices.
- Footnote: F1 confirms the trades were made pursuant to a 10b5‑1 plan adopted May 12, 2025; multiple footnotes (F2–F22) note the executed trade price ranges and that the filer will provide detailed trade-level prices upon request.
- Shares owned after transaction: not specified in the provided filing details.
Context
- These are routine insider sales executed under a pre‑arranged 10b5‑1 plan; such sales do not necessarily indicate a change in the CEO’s view of the company. Purchases generally carry more direct signals about insider sentiment than sales.
- All transactions are reported as open‑market disposals (S). No options exercises, gifts, or tax‑withholding sales were indicated in the supplied data.
Insider Transaction Report
Form 4
SMITH PATRICK W
DirectorCHIEF EXECUTIVE OFFICER
Transactions
- Sale
Common Stock
[F1][F2]2026-03-09$546.81/sh−124$67,804→ 3,090,873 total - Sale
Common Stock
[F1][F3]2026-03-09$548.85/sh−969$531,836→ 3,089,904 total - Sale
Common Stock
[F1][F4]2026-03-09$549.86/sh−270$148,462→ 3,089,634 total - Sale
Common Stock
[F1][F5]2026-03-09$550.71/sh−676$372,282→ 3,088,958 total - Sale
Common Stock
[F1][F6]2026-03-09$551.84/sh−668$368,630→ 3,088,290 total - Sale
Common Stock
[F1][F7]2026-03-09$552.56/sh−175$96,698→ 3,088,115 total - Sale
Common Stock
[F1][F8]2026-03-09$554.16/sh−234$129,674→ 3,087,881 total - Sale
Common Stock
[F1][F9]2026-03-09$556.27/sh−241$134,061→ 3,087,640 total - Sale
Common Stock
[F1][F10]2026-03-09$558.49/sh−520$290,415→ 3,087,120 total - Sale
Common Stock
[F1][F11]2026-03-09$559.91/sh−329$184,209→ 3,086,791 total - Sale
Common Stock
[F1][F12]2026-03-09$560.51/sh−470$263,442→ 3,086,321 total - Sale
Common Stock
[F1][F13]2026-03-09$561.70/sh−512$287,590→ 3,085,809 total - Sale
Common Stock
[F1][F14]2026-03-09$562.82/sh−1,075$605,033→ 3,084,734 total - Sale
Common Stock
[F1][F15]2026-03-09$563.84/sh−273$153,927→ 3,084,461 total - Sale
Common Stock
[F1][F16]2026-03-09$565.31/sh−793$448,287→ 3,083,668 total - Sale
Common Stock
[F1][F17]2026-03-09$566.20/sh−703$398,040→ 3,082,965 total - Sale
Common Stock
[F1][F18]2026-03-09$567.25/sh−586$332,407→ 3,082,379 total - Sale
Common Stock
[F1][F19]2026-03-09$568.55/sh−246$139,863→ 3,082,133 total - Sale
Common Stock
[F1][F20]2026-03-09$569.72/sh−311$177,184→ 3,081,822 total - Sale
Common Stock
[F1][F21]2026-03-09$571.12/sh−171$97,662→ 3,081,651 total - Sale
Common Stock
[F1][F22]2026-03-09$572.12/sh−441$252,304→ 3,081,210 total - Sale
Common Stock
[F1]2026-03-09$573.36/sh−24$13,761→ 3,081,186 total - Sale
Common Stock
[F1]2026-03-09$574.42/sh−94$53,995→ 3,081,092 total - Sale
Common Stock
[F1]2026-03-09$577.12/sh−95$54,826→ 3,080,997 total
Footnotes (22)
- [F1]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.
- [F10]The transaction was executed in multiple trades at prices ranging from $557.995 to $558.94. 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.
- [F11]The transaction was executed in multiple trades at prices ranging from $559.07 to $560.00. 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.
- [F12]The transaction was executed in multiple trades at prices ranging from $560.12 to $561.06. 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.
- [F13]The transaction was executed in multiple trades at prices ranging from $561.13 to $562.12. 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.
- [F14]The transaction was executed in multiple trades at prices ranging from $562.245 to $563.05. 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.
- [F15]The transaction was executed in multiple trades at prices ranging from $563.44 to $564.32. 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.
- [F16]The transaction was executed in multiple trades at prices ranging from $564.715 to $565.695. 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.
- [F17]The transaction was executed in multiple trades at prices ranging from $565.80 to $566.79. 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.
- [F18]The transaction was executed in multiple trades at prices ranging from $566.85 to $567.55. 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.
- [F19]The transaction was executed in multiple trades at prices ranging from $567.96 to $568.95. 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.
- [F2]The transaction was executed in multiple trades at prices ranging from $546.67 to $546.91. 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.
- [F20]The transaction was executed in multiple trades at prices ranging from $569.54 to $569.855. 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.
- [F21]The transaction was executed in multiple trades at prices ranging from $570.77 to $571.50. 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.
- [F22]The transaction was executed in multiple trades at prices ranging from $571.90 to $572.39. 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.
- [F3]The transaction was executed in multiple trades at prices ranging from $548.28 to $549.16. 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.
- [F4]The transaction was executed in multiple trades at prices ranging from $549.32 to $550.125. 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.
- [F5]The transaction was executed in multiple trades at prices ranging from $550.33 to $550.84. 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.
- [F6]The transaction was executed in multiple trades at prices ranging from $551.495 to $552.365. 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.
- [F7]The transaction was executed in multiple trades at prices ranging from $552.52 to $552.66. 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.
- [F8]The transaction was executed in multiple trades at prices ranging from $553.89 to $554.30. 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.
- [F9]The transaction was executed in multiple trades at prices ranging from $555.87 to $556.64. 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.
Signature
/s/ Patrick W. Smith by Isaiah Fields, Attorney-in-Fact|2026-03-11