THIELE CANDACE L 4

What Happened
Candace L. Thiele, EVP & Chief Administrative Officer of Axos Financial, had restricted stock units (RSUs) convert to common shares on March 15, 2026. Two conversion entries show 398 and 405 shares converted at $84.68 per share (values $33,703 and $34,295; total ~$67,998). Axos withheld 215 and 219 shares to cover taxes (dispositions to issuer) at the same per‑share price (values $18,206 and $18,545; total withheld ~$36,751). Net from those conversions, Thiele received 369 shares (803 converted minus 434 withheld) with a net value of about $31,247. Separately, the filing also shows a grant of 1,063 RSUs on March 15, 2026.

Key Details

• Transaction date: March 15, 2026; Form 4 filed March 16, 2026 (filed the next day).
• Conversion/exercise codes: M = exercise/conversion of derivative (RSU conversion); D = disposition to issuer (tax withholding); A = grant/award (new RSU grant).
• Conversion prices recorded at $84.68 per share. Gross value of converted shares ≈ $67,998; shares withheld for taxes ≈ $36,751. Net shares received from these conversions = 369 shares.
• Shares owned after transaction: not specified in this filing.
• Notable footnotes: RSUs vest per the company plan, vesting schedule is one‑third annually; withheld shares represent net‑settlement for tax withholding; RSUs include dividend equivalent rights.

Context
RSUs are contingent rights to receive common stock when they vest (derivative instruments). This filing reports routine vesting and net‑settlement (issuer withheld shares to cover taxes) rather than an open‑market buy or sale. The filing does not indicate a 10% owner or a 10b5‑1 plan. Routine tax withholding of vested RSUs is common and should not be taken as a directional trade signal.