AXON ENTERPRISE, INC. — Director's Dealing 2018

May 17, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AXON ENTERPRISE, INC. (AAXN)
CIK: 0001069183
Period of Report: 2018-05-15

Reporting Person: SMITH PATRICK W (Director, Chief Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-05-15	Common Stock	M	100000	$4.75	Acquired	862684	Direct
2018-05-15	Common Stock	M	60551	$4.75	Acquired	923235	Direct
2018-05-15	Common Stock	M	82386	$5.57	Acquired	1005621	Direct
2018-05-15	Common Stock	M	57063	$7.13	Acquired	1062684	Direct
2018-05-15	Common Stock	F	29854	$54.54	Disposed	1032830	Direct
2018-05-15	Common Stock	F	113594	$54.54	Disposed	919236	Direct
2018-05-16	Common Stock	S	300000	$53	Disposed	619236	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-05-15	Employee Stock Option	$4.75	M	100000	Disposed	2018-12-22	Common Stock (100000.0)	Direct
2018-05-15	Employee Stock Option	$4.75	M	60551	Disposed	2018-12-22	Common Stock (60551.0)	Direct
2018-05-15	Employee Stock Option	$5.57	M	82386	Disposed	2018-08-11	Common Stock (82386.0)	Direct
2018-05-15	Employee Stock Option	$7.13	M	57063	Disposed	2018-05-28	Common Stock (57063.0)	Direct

Footnotes

F1: Securities disposed represent those delivered for the payment of the exercise price incident to the exercise of vested employee stock options.

F2: Securities disposed represent securities withheld to settle the reporting person's tax liability incident to the vesting of vested employee stock options.