Tolla John Charles 4

What Happened

• John Charles Tolla, EVP and Chief Risk Officer of Axos Financial, had restricted stock units (RSUs) vest on March 15, 2026. The Form 4 shows the conversion/exercise of derivative awards and the grant/issuance of RSUs, with a per-share price used of $84.68.
• A total of 2,953 RSUs vested (grant reported), with the company withholding 1,611 shares to satisfy tax withholding (dispositions to issuer totaling $136,420). That leaves a net delivery of 1,342 shares to the insider. Using $84.68/share, the gross value of the vested RSUs is roughly $250,060.

Key Details

• Transaction date: March 15, 2026; Form 4 filed March 16, 2026 (filing marked late).
• Price used for valuation/withholding: $84.68 per share.
• Vested RSUs: 2,953; shares withheld for taxes: 848 + 763 = 1,611 (total withheld value $136,420); net shares received: 1,342.
• Plan and terms: RSUs granted under the Axos Financial, Inc. 2014 Stock Incentive Plan; each RSU equals one contingent share and RSUs carry dividend equivalent rights. RSUs vest one‑third on each anniversary of grant per the footnotes.
• Transaction codes: A = grant/award of RSUs, M = conversion/exercise of derivative into shares, D = disposition to issuer (tax withholding).

Context

• This was a routine vesting and net-settlement tax withholding event (company retained shares to cover taxes), not an open-market sale or purchase; such withholding is common and does not necessarily signal insider sentiment.
• The filing was marked late (transactionTimeliness = 'L'); the Form 4 reports the March 15 activity and was filed March 16.