Axos Financial CFO Derrick Walsh Exercises Options, Receives RSUs

What Happened

• Derrick Walsh, Chief Financial Officer of Axos Financial (AX), exercised derivative awards and received vested restricted stock units (RSUs) on Sept. 15, 2026. He exercised options to acquire 4,127 shares at $92.68 per share (total cash paid $382,490). Separately, 3,076 RSUs vested and were issued to him, and the company withheld 2,222 shares for tax withholding (value of withheld shares reported as $205,935). Net shares acquired from these transactions = 4,981 (4,127 option shares + 3,076 RSUs − 2,222 withheld).

Key Details

• Transaction date: 2026-09-15; Form 4 filed 2026-09-16 (timely).
• Option exercise: 4,127 shares acquired at $92.68 each; total cash paid $382,490.
• RSU vesting: 3,076 RSUs issued with dividend equivalent rights; 2,222 shares were retained by Axos for tax withholding (reported disposition to issuer valued at $205,935).
• A derivative instrument corresponding to the exercised options was reported as disposed/cancelled (typical when options convert to shares).
• Shares owned after the reported transactions: not specified in the filing.
• Relevant footnotes: RSUs granted under Axos Financial, Inc. 2014 Stock Incentive Plan; RSUs vest one‑third on each anniversary of the grant and each RSU represents a contingent right to one share.

Context

• This was not an open‑market sale to a third party — the only shares surrendered were retained by the company to satisfy tax withholding on vested RSUs. The option exercise converted derivative awards into common stock. RSU vesting and tax withholding are routine compensation actions and do not, by themselves, indicate a change in insider sentiment.