Crow David M 4

What Happened

• David M. Crow, Executive Vice President and Head of Axos Clearing, had 738 restricted stock units (RSUs vest) convert to common shares on March 15, 2026. The vested shares are reported at $84.68 each (738 × $84.68 = $62,494).
• To cover tax withholding on the vested RSUs, Axos retained 292 of those shares (292 × $84.68 = $24,727). In addition, Crow received a new grant of 827 RSUs the same day.
• This was not an open-market purchase or sale by the insider but a routine RSU vesting with net-share settlement (company withheld shares for taxes).

Key Details

• Transaction date: March 15, 2026. Report filed March 16, 2026 (timely).
• Vested/converted: 738 shares at $84.68 (value reported $62,494).
• Withheld for taxes: 292 shares at $84.68 (value reported $24,727) — company retained shares (net settlement).
• New grant: 827 RSUs awarded (no cash price; contingent right to one share each).
• Net impact to common stock holdings from these events: +446 issued shares received (738 issued − 292 withheld) plus 827 RSU awards (derivative/form of future shares).
• Relevant footnotes: RSUs were granted under Axos’ 2014 Stock Incentive Plan, vest one‑third each anniversary, are contingent rights to one share, and include dividend equivalents.

Context

• This filing documents RSU vesting and a contemporaneous RSU grant, not a market purchase or open‑market sale. The withholding of shares for taxes is a common cashless/net settlement process and should be viewed as routine compensation-related activity rather than an independent buy/sell signal.