Coughlin Elizabeth Reid 4

What Happened
Elizabeth Coughlin, Chief Human Officer at Axon Enterprise, Inc. (AXON), had a total of 3,401.209 shares withheld to satisfy tax liabilities tied to the vesting of restricted stock units (RSUs). The withholding occurred in two portions on June 1, 2026: 479.696 shares withheld at $448.72 per share (≈ $215,249) and 2,921.513 shares withheld at $476.88 per share (≈ $1,393,211). These were tax-withholding dispositions (not open-market sales).

Key Details

• Transaction date: June 1, 2026; Form 4 filed June 3, 2026 (appears timely).
• Individual withholdings: 479.696 shares @ $448.72 (≈ $215,249); 2,921.513 shares @ $476.88 (≈ $1,393,211). Total ≈ 3,401.209 shares and $1,608,460.
• Shares owned following the reported transaction: not specified in the filing.
• Footnotes: F1 indicates shares were withheld to settle tax liability from RSU vesting. F2 clarifies the second withholding related to the vesting of the third tranche of RSUs under the Axon 2024 eXponential Stock Plan; performance conditions for that tranche were certified by the Compensation Committee on Nov 13, 2025.
• Transaction code F = tax withholding (cashless/settlement), not a voluntary open-market sale.

Context
Withholding shares to cover taxes is a routine administrative step when RSUs vest and does not necessarily signal insider buying or selling intent. Because the shares were withheld to satisfy tax obligations (a cashless settlement), this should not be interpreted the same way as an open-market sale. The filing shows no indication of additional dispositions or purchases.