Axos Financial (AX) EVP Bar‑Adon Eshel — RSUs Vest; Shares Withheld

What Happened
Bar‑Adon Eshel, EVP, Strategic Partnerships at Axos Financial, had restricted stock units (RSUs) vest on September 15, 2026. The vesting resulted in the issuance of 3,629 shares valued at $92.68 each (total value ≈ $336,336). Axos retained 1,956 of those shares to satisfy tax withholding obligations (disposition to issuer, value ≈ $181,282). The filing also reports a new grant of 3,076 RSUs on September 15, 2026.

Key Details

• Transaction date: 2026-09-15; Form 4 filed 2026-09-16 (timely).
• Issued on vesting: 3,629 shares @ $92.68 = $336,336 (reported as conversion/exercise of a derivative).
• Withheld for taxes: 1,956 shares @ $92.68 = $181,282 (disposition to issuer / net-settlement).
• New award: 3,076 RSUs granted on 9/15/2026 (no cash value upon grant).
• Footnotes: RSUs were granted under Axos’ 2014 Stock Incentive Plan, carry dividend equivalents, and vest one‑third each anniversary of grant. Company withheld shares for tax withholding.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Codes explained: M = exercise/conversion of derivative (here conversion of RSUs to stock); D = disposition to issuer (tax withholding); A = award/grant.

Context
This was a routine equity compensation event: vested RSUs converted into common stock and a portion was retained by the company to cover taxes (a common cashless/net‑settlement practice). A new RSU grant was made the same day that will vest per the plan schedule (one‑third each year). These actions reflect standard employee compensation mechanics rather than an open‑market buy or sale by the insider.