Crow David M 4

What Happened

• David M. Crow, Executive Vice President and Head of Clearing at Axos Financial, had 583 restricted stock units (RSUs) vest on March 20, 2026. Those RSUs converted to 583 shares of Axos Financial common stock (reported value ~$48,348 at $82.93 per share).
• As part of a net-settlement for tax withholding, 200 of those shares were retained by the issuer (disposed back to the company) for taxes (value ~$16,586), leaving a net issuance of 383 shares to Crow. The filing shows a derivative conversion entry for the RSUs (exercise/conversion) and the withholding disposition.

Key Details

• Transaction date: March 20, 2026; Filing date: March 24, 2026 (four days after the transaction).
• Shares issued on vesting: 583 shares at $82.93 (total ~$48,348).
• Shares withheld for taxes: 200 shares at $82.93 (total ~$16,586); net shares delivered to insider: 383.
• Footnotes: RSUs were granted under Axos Financial’s 2014 Stock Incentive Plan, include dividend equivalent rights, and vest one‑third on each anniversary of the grant. The 200-share withholding is a net-settlement for tax purposes.
• Shares owned after the transaction: not specified in the provided filing.
• Filing timeliness: Form 4 was filed March 24 for a March 20 transaction (Form 4s are typically due within two business days).

Context

• This was not an open‑market sale or purchase — it was the scheduled vesting/conversion of RSUs with standard tax withholding (a common administrative event). The derivative-code entry (M) reflects conversion/exercise of the RSU award into common stock; the withholding (D/F) reflects shares retained by the issuer to cover taxes.
• Such award vesting events are routine and reflect compensation vesting rather than a deliberate buy/sell signal.