SMITH PATRICK W 4

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.