Walsh Derrick 4

What Happened

• Derrick Walsh, Chief Financial Officer of Axos Financial (AX), had previously granted RSUs vest and converted those RSUs into common stock on March 15, 2026. A total of 3,607 vested shares were recorded at a per-share value of $84.68 (total $305,441). The company withheld 2,017 shares to cover taxes (value $170,800), leaving Walsh with a net delivery of 1,590 shares (net value $134,641). In addition, Walsh received a new grant of 3,130 restricted stock units (RSUs) on March 15, 2026.

Key Details

• Transaction date: March 15, 2026; Form 4 filed March 16, 2026 (timely).
• Vesting/conversion: 3,607 shares (1,988 + 1,619) recorded at $84.68 each (total $305,441).
• Tax withholding: 2,017 shares (1,144 + 873) withheld by issuer at $84.68 each (total $170,800).
• Net shares delivered to insider: 1,590 shares (3,607 − 2,017), net value ≈ $134,641.
• New award: grant of 3,130 RSUs (no immediate cash value); RSUs vest one‑third on each anniversary per footnotes F1–F6 and include dividend equivalents.
• Transaction codes: M = exercise/conversion of derivative (RSU conversion), D = disposition to issuer (shares withheld for taxes), A = award/grant.
• Shares owned after the transaction were not specified in the supplied details.

Context

• This was not an open‑market buy or sale for speculation; it reflects RSU vesting and a routine "net‑settlement" tax withholding by the company (i.e., the issuer retained shares to cover taxes).
• The new RSU grant represents unvested compensation that vests over time (one‑third each anniversary as noted). Such awards are compensation, not direct indicators of insider sentiment to buy or sell.