Mak Jennifer H 4

What Happened
Jennifer H. Mak, Chief Accounting Officer of Axon Enterprise, had a total of 2,223.900 shares withheld to satisfy tax withholding obligations arising from restricted stock unit (RSU) vesting. The filing shows two withholdings on 2026-06-01: 155.673 shares withheld at $448.72 each (≈ $69,854) and 2,068.227 shares withheld at $476.88 each (≈ $986,296), for a combined disposition value of about $1,056,150. This was a tax-withholding/cashless settlement of RSUs (routine) rather than an open-market sale.

Key Details

• Transaction date: 2026-06-01; Form 4 filed: 2026-06-03 (timely).
• Shares withheld/disposed: 155.673 @ $448.72 (≈ $69,854) and 2,068.227 @ $476.88 (≈ $986,296); total 2,223.900 shares (≈ $1,056,150).
• Transaction code: F — securities withheld to satisfy tax liability on RSU vesting.
• Footnote: The larger withholding (2,068.227 shares) relates to the third tranche of RSUs under Axon’s 2024 eXponential Stock Plan; performance conditions for that tranche were certified by the Compensation Committee on Nov 13, 2025.
• Shares owned after the transaction are not specified in the provided excerpt — see the full Form 4 for total holdings.

Context

• This was a routine tax-withholding (cashless) settlement of vested RSUs, common when equity awards vest; it does not reflect an open-market decision to sell additional shares.
• Such withholdings are administrative and typically not interpreted as a bullish or bearish signal by themselves.