Walsh Derrick 4

4 · Axos Financial, Inc. · Filed Mar 16, 2026

AI-generated summary of this filing

Updated Mar 17, 2026

Axos Financial (AX) CFO Derrick Walsh Receives RSUs, Net 1,590 Shares

What Happened

Derrick Walsh, Chief Financial Officer of Axos Financial (AX), had previously granted RSUs vest and converted those RSUs into common stock on March 15, 2026. A total of 3,607 vested shares were recorded at a per-share value of $84.68 (total $305,441). The company withheld 2,017 shares to cover taxes (value $170,800), leaving Walsh with a net delivery of 1,590 shares (net value $134,641). In addition, Walsh received a new grant of 3,130 restricted stock units (RSUs) on March 15, 2026.

Key Details

Transaction date: March 15, 2026; Form 4 filed March 16, 2026 (timely).
Vesting/conversion: 3,607 shares (1,988 + 1,619) recorded at $84.68 each (total $305,441).
Tax withholding: 2,017 shares (1,144 + 873) withheld by issuer at $84.68 each (total $170,800).
Net shares delivered to insider: 1,590 shares (3,607 − 2,017), net value ≈ $134,641.
New award: grant of 3,130 RSUs (no immediate cash value); RSUs vest one‑third on each anniversary per footnotes F1–F6 and include dividend equivalents.
Transaction codes: M = exercise/conversion of derivative (RSU conversion), D = disposition to issuer (shares withheld for taxes), A = award/grant.
Shares owned after the transaction were not specified in the supplied details.

Context

This was not an open‑market buy or sale for speculation; it reflects RSU vesting and a routine "net‑settlement" tax withholding by the company (i.e., the issuer retained shares to cover taxes).
The new RSU grant represents unvested compensation that vests over time (one‑third each anniversary as noted). Such awards are compensation, not direct indicators of insider sentiment to buy or sell.

Form 4

Period: 2026-03-15

EVP, Chief Financial Officer

Transactions

Exercise/Conversion
Common Stock
[F1]
2026-03-15$84.68/sh+1,988$168,344→ 39,924 total
Exercise/Conversion
Common Stock
[F1]
2026-03-15$84.68/sh+1,619$137,097→ 41,543 total
Disposition to Issuer
Common Stock
[F2]
2026-03-15$84.68/sh−1,144$96,874→ 40,399 total
Disposition to Issuer
Common Stock
[F2]
2026-03-15$84.68/sh−873$73,926→ 39,526 total
Exercise/Conversion
Restricted Stock Units
[F3][F4][F5]
2026-03-15−1,988→ 14,684 total
→ Common Stock (1,988 underlying)
Exercise/Conversion
Restricted Stock Units
[F3][F4][F5]
2026-03-15−1,619→ 13,065 total
→ Common Stock (1,619 underlying)
Award
Restricted Stock Units
[F6][F4][F5]
2026-03-15+3,130→ 16,195 total
→ Common Stock (3,130 underlying)

Holdings

Footnotes (6)

[F1]Represents shares of Common Stock issued on March 15, 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.
[F6]Grant to the reporting person on March 15, 2026 of restricted stock units ("RSUs") under the Axos Financial, Inc. 2014 Stock Incentive Plan.

Signature

By: Andrew Micheletti For: Derrick Walsh|2026-03-16

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