MATSUMOTO RAYMOND D 4
4 · Axos Financial, Inc. · Filed Mar 24, 2026
Research Summary
AI-generated summary of this filing
Axos Financial (AX) COO Raymond Matsumoto Receives Vested RSUs, Net Withholding
What Happened
Raymond D. Matsumoto, Chief Operating Officer of Axos Financial, had 1,621 restricted stock units (RSUs) convert into common shares on March 20, 2026 (gross value $134,430 at $82.93/share). As part of the net-settlement/tax withholding, 874 shares were retained by the company (value $72,481), leaving Matsumoto with 747 shares (approx. $61,949). The filing shows conversion/exercise of RSUs and the company’s withholding rather than an open-market sale.
Key Details
- Transaction date: March 20, 2026. Form filed March 24, 2026 (appears timely).
- Conversions/transactions reported:
- Exercise/conversion (M): 1,621 shares acquired @ $82.93 — $134,430 (F1, F4).
- Disposition to issuer/withholding (D): 874 shares disposed/withheld @ $82.93 — $72,481 (F2).
- A related derivative line shows the RSU conversion (M) recorded at $0.00 for the derivative accounting (no cash paid) (F3–F5).
- Net shares retained by the insider after withholding: 747 shares (1,621 − 874), approximate net value $61,949.
- Footnotes: RSUs were granted under Axos Financial’s 2014 Stock Incentive Plan, vest one‑third each anniversary, represent rights to one share each, and include dividend equivalents (F1–F5). Withholding was via share retention by the issuer (net-settlement) rather than an open-market sale (F2).
- Shares owned after the transaction are not specified in this filing.
Context
This transaction reflects standard RSU vesting and issuer withholding for taxes (a neutral, administrative event) rather than a market sale or a discretionary purchase. The use of code M indicates conversion/exercise of a derivative (here, RSUs converting into common stock); the D entry indicates shares delivered back to the issuer for tax withholding (not indicative of a bearish trade).
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-03-20$82.93/sh+1,621$134,430→ 42,507 total - Disposition to Issuer
Common Stock
[F2]2026-03-20$82.93/sh−874$72,481→ 41,633 total - Exercise/Conversion
Restricted Stock Units
[F3][F4][F5]2026-03-20−1,621→ 17,113 total→ Common Stock (1,621 underlying)
- 2,237(indirect: By 401(k))
Common Stock
Footnotes (5)
- [F1]Represents shares of Common Stock issued on March 20, 2026, following the vesting of Restricted Stock Units ("RSUs") which vest as to one-third of the shares on each anniversary of the date of grant. The RSUs were previously granted to the reporting person under the Axos Financial, Inc. 2014 Amended and Restated 2014 Stock Incentive Plan.
- [F2]Represents shares of Common Stock retained by Axos Financial, Inc. for tax withholding purposes in connection with the net-settlement on the issuance of shares of Common Stock in respect to the vested RSUs.
- [F3]The RSUs were granted to the reporting person under the Axos Financial, Inc. 2014 Stock Incentive Plan. The RSUs are accompanied by dividend equivalent rights.
- [F4]Each RSU represents a contingent right to receive one share of Axos Financial, Inc. Common Stock.
- [F5]The RSUs vest as to one-third of the shares on each anniversary date of grant.