Axon (AXON) Chief Accounting Officer reports RSU tax-withholding share dispositions

Rhea-AI Filing Summary

AXON ENTERPRISE, INC. Chief Accounting Officer Jennifer H. Mak reported two transactions in common stock tied to tax withholding. On June 1, 2026, a total of about 2,223.9 shares were disposed of to cover tax liabilities from the vesting of restricted stock units under Axon’s equity plans. These are administrative, non–open-market dispositions and do not represent discretionary share sales.

Insights

Insider trading and equity compensation analyst

These Form 4 entries show routine tax withholding on RSU vesting, not open‑market selling.

Chief Accounting Officer Jennifer H. Mak reported two code F transactions in Axon common stock. Code F denotes shares withheld by the issuer to satisfy tax obligations arising from equity awards, rather than discretionary buying or selling in the open market.

The footnotes state the shares were withheld to settle tax liabilities from vesting restricted stock units, including a performance-based grant under the 2024 eXponential Stock Plan. Because these are compensation- and tax-driven events, they carry limited informational value about Mak’s view of Axon’s prospects.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Mak Jennifer H

Role Chief Accounting Officer

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	155.673	$448.72	$70K
Tax Withholding	Common Stock	2,068.227	$476.88	$986K

Holdings After Transaction: Common Stock — 11,918.195 shares (Direct, null)

Footnotes (1)

1. Securities disposed represent securities withheld to settle the reporting person's tax liability resulting from the vesting of restricted stock units. Securities disposed represent securities withheld to settle the reporting person's tax liability arising out of the vesting of the third tranche of restricted stock units granted pursuant to the Axon Enterprise, Inc. 2024 eXponential Stock Plan, for which the performance conditions were determined to have been certified by the issuer's Compensation Committee on November 13, 2025.

Key Figures

Tax-withheld shares (first transaction): 2,068.227 shares Tax-withheld shares (second transaction): 155.673 shares Total tax-withheld shares: 2,223.9 shares +2 more

5 metrics

Tax-withheld shares (first transaction) 2,068.227 shares Common Stock disposed on June 1, 2026 at $476.88 per share

Tax-withheld shares (second transaction) 155.673 shares Common Stock disposed on June 1, 2026 at $448.72 per share

Total tax-withheld shares 2,223.9 shares Aggregate shares withheld for tax liabilities from RSU vesting

Price per share (first block) $476.88/share Used to value 2,068.227 withheld shares of Common Stock

Price per share (second block) $448.72/share Used to value 155.673 withheld shares of Common Stock

Key Terms

restricted stock units, tax liability, 2024 eXponential Stock Plan, performance conditions, +1 more

5 terms

restricted stock units financial

"resulting from the vesting of restricted stock units."

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

tax liability financial

"withheld to settle the reporting person's tax liability resulting from the vesting"

2024 eXponential Stock Plan financial

"granted pursuant to the Axon Enterprise, Inc. 2024 eXponential Stock Plan"

performance conditions financial

"for which the performance conditions were determined to have been certified"

Compensation Committee financial

"certified by the issuer's Compensation Committee on November 13, 2025"

A compensation committee is a group within a company's leadership responsible for setting and reviewing how much top executives and employees are paid, including salaries, bonuses, and benefits. It matters to investors because fair and effective pay decisions can influence a company's performance, leadership motivation, and overall governance, helping ensure that the company’s management is aligned with shareholders’ interests.

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Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Mak Jennifer H

(Last) (First) (Middle)

17800 N 85TH ST

(Street)

SCOTTSDALE ARIZONA 85255

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
AXON ENTERPRISE, INC. [ AXON ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Accounting Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	06/01/2026		F(1)		155.673	D	$448.72	11,918.195	D
Common Stock	06/01/2026		F(2)		2,068.227	D	$476.88	9,849.968	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Securities disposed represent securities withheld to settle the reporting person's tax liability resulting from the vesting of restricted stock units.

2. Securities disposed represent securities withheld to settle the reporting person's tax liability arising out of the vesting of the third tranche of restricted stock units granted pursuant to the Axon Enterprise, Inc. 2024 eXponential Stock Plan, for which the performance conditions were determined to have been certified by the issuer's Compensation Committee on November 13, 2025.

Remarks:

	/s/ Jennifer H. Mak by Isaiah Fields, Attorney-in-Fact	06/03/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transactions did AXON Chief Accounting Officer Jennifer Mak report?

Jennifer Mak reported two Form 4 transactions in AXON common stock. Both were code F dispositions, meaning shares were withheld by the company to cover tax liabilities generated when her restricted stock units vested, rather than voluntary sales in the open market.

How many AXON shares were withheld for Jennifer Mak’s tax obligations?

A total of about 2,223.9 AXON common shares were withheld. One transaction covered 2,068.227 shares at $476.88 per share and the other 155.673 shares at $448.72 per share, all applied to satisfy tax obligations from restricted stock unit vesting.

Were Jennifer Mak’s AXON stock transactions open-market sales?

No, the transactions were not open-market sales. The Form 4 uses code F, and footnotes explain the shares were withheld by Axon to pay Mak’s tax liabilities arising from the vesting of restricted stock units, a common administrative equity compensation practice.

What AXON equity awards triggered Jennifer Mak’s tax-withholding share dispositions?

The dispositions were triggered by vesting of restricted stock units. Footnotes note one transaction relates to the third tranche of performance-based restricted stock units granted under the Axon Enterprise, Inc. 2024 eXponential Stock Plan, after performance conditions were certified by the Compensation Committee.

Does Jennifer Mak’s Form 4 filing indicate a change in AXON ownership sentiment?

The filing mainly reflects tax-withholding events, not sentiment-driven trading. Shares were disposed to satisfy tax liabilities from vesting restricted stock units, which is a routine element of executive equity compensation rather than a discretionary decision to buy or sell Axon stock.