GILL ANN 4

What Happened

• Ann Gill, Senior Vice President and Chief Accounting Officer of Axos Financial (AX), had restricted stock units (RSUs) vest on March 15, 2026. The Form 4 shows conversion/exercise transactions of 773 and 675 shares at $84.68 (total value reported $122,617).
• The company withheld 458 and 399 shares (total 857 shares) for tax withholding in the net‑settlement, valued at $38,783 and $33,787 respectively (total ~$72,570). The filing also records a grant entry of 1,359 RSUs on March 15, 2026 (derivative award).

Key Details

• Transaction date: March 15, 2026 (filed March 16, 2026). Prices shown: $84.68 per share for the issued/withheld shares.
• Form 4 reported acquired shares: 773 and 675 (total 1,448) at $84.68 (total $122,617). Shares withheld to issuer: 458 and 399 (total 857) at $84.68 (total ~$72,570).
• Grant: 1,359 RSUs were recorded as a grant on March 15, 2026 (see footnote F6). RSU terms: one RSU = one share, vesting one‑third each anniversary and accompanied by dividend equivalent rights (footnotes F1–F5).
• Tax withholding/net‑settlement noted (footnote F2) — company retained shares to satisfy tax obligations.
• Filing appears timely (filed the next day); no late filing flag in the provided data.
• Shares owned after the transactions were not provided in the excerpt.

Context

• These entries reflect compensation-related RSU vesting and a net settlement for taxes, not an open‑market purchase or sale by the insider. Net‑settlement (withholding) is common when RSUs vest: some shares are retained to cover taxes while the remainder are delivered to the insider.
• Derivative/option code (M) and grant code (A) are used to report conversion of RSUs into stock and the RSU grant; the withheld shares do not indicate a discretionary sale by the insider.