Bar-Adon Eshel 4
4 · Axos Financial, Inc. · Filed Mar 24, 2026
Research Summary
AI-generated summary of this filing
Axos Financial (AX) EVP Bar-Adon Eshel Exercises RSUs, Sells Shares
What Happened
Bar-Adon Eshel, EVP Strategic Partnerships at Axos Financial (AX), had 1,098 restricted stock units (RSUs convert to common shares) vest on March 20, 2026. Those RSUs were converted into 1,098 shares (valued at $82.93 each, total ~$91,057). Axos retained 592 of those shares for tax withholding (disposition to issuer, ~$49,095), leaving Eshel with a net 506 shares (approx. $42,000 worth).
Key Details
- Transaction date: March 20, 2026; Form 4 filed March 24, 2026 (timely filing).
- Conversion/acquisition: 1,098 shares at $82.93/share (reported value ~$91,057) — coded M (exercise/conversion of derivative).
- Disposition/tax withholding: 592 shares at $82.93/share (reported value ~$49,095) — coded D (disposed to issuer) / F (tax withholding).
- Net result to insider: +506 shares (1,098 vested − 592 withheld), roughly $41,963 in net value based on the reported price.
- Shares owned after transaction: not specified in the provided filing excerpt.
- Footnotes: RSUs were granted under Axos’s 2014 Stock Incentive Plan; RSUs vest one‑third on each anniversary of grant, represent rights to one share, and include dividend equivalent rights. The company performed net‑settlement for tax withholding.
Context
This was a routine vesting of RSUs with net settlement for taxes (company withheld shares), not an open‑market purchase or proactive sale for investment reasons. For derivative transactions like this, "exercise/conversion" means the RSU converted into common stock; the retention of shares for taxes is common and doesn't necessarily signal an insider view on the stock. The filing does not indicate a 10% owner or a 10b5‑1 plan.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-03-20$82.93/sh+1,098$91,057→ 129,970 total - Disposition to Issuer
Common Stock
[F2]2026-03-20$82.93/sh−592$49,095→ 129,378 total - Exercise/Conversion
Restricted Stock Units
[F3][F4][F5]2026-03-20−1,098→ 13,393 total→ Common Stock (1,098 underlying)
- 3,379(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.