Constantine Thomas M 4

What Happened Thomas M. Constantine, Executive Vice President and Chief Credit Officer of Axos Financial (AX), had 1,124 restricted stock units (RSUs) convert to common stock on March 20, 2026, with a reported market value of $82.93 per share (total $93,213). Of those shares, 606 were delivered back to Axos Financial to satisfy tax withholding obligations (606 shares × $82.93 = $50,256), leaving a net 518 shares issued to the reporting person. The filing shows the conversion of the RSUs (transaction code M) and the disposition to the issuer for tax withholding (transaction code D/F).

Key Details

• Transaction date: March 20, 2026; Filing date: March 24, 2026 (filing appears timely).
• Converted/issued: 1,124 shares at $82.93 (value $93,213) — reported as exercise/conversion of a derivative (RSU conversion).
• Withheld for taxes: 606 shares at $82.93 (value $50,256) — disposition to issuer/net-settlement.
• Net shares received by insider: 518 shares.
• Relevant footnotes: RSUs were granted under Axos Financial’s 2014 Stock Incentive Plan, vest one‑third each anniversary of grant, are accompanied by dividend equivalent rights, and each RSU equals one share (F1–F5).
• Shares owned after the transaction: not specified in the provided filing.

Context This was a vesting of RSUs with a standard net‑settlement (company retained shares to cover taxes), not an open‑market purchase or opportunistic sale. For retail investors, RSU vestings are routine compensation events; the withholding of shares for taxes is common and does not by itself indicate a buy/sell signal about the insider's view of the stock.