AXON ENTERPRISE, INC. — Director's Dealing 2021

Dec 4, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AXON ENTERPRISE, INC. (AXON)
CIK: 0001069183
Period of Report: 2021-12-01

Reporting Person: Larson Luke (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-12-01	Common Stock	S	711	$162.81	Disposed	246464	Direct
2021-12-01	Common Stock	S	22	$165.6932	Disposed	246442	Direct
2021-12-02	Common Stock	A	49883	—	Acquired	296325	Direct
2021-12-02	Common Stock	F	22174	$159.36	Disposed	274151	Direct
2021-12-02	Common Stock	A	12551	$159.36	Acquired	286702	Direct
2021-12-02	Common Stock	A	8786	$159.36	Acquired	295488	Direct

Footnotes

F1: Securities disposed represent securities sold on the open market to settle the reporting person's tax liability incident to the vesting of restricted stock units. This sale of vested restricted stock units was executed pursuant to a filed Rule 10b5-1 plan.

F2: The transaction consists of performance-based restricted stock units granted on January 2, 2019, for the achievement of tranche nine of the XSPP (eXponential Stock Performance Program) which was approved by shareholders and became effective on February 12, 2019, for which the performance conditions were determined to have been certified by the Compensation Committee on the transaction date. The units for these tranches vested on December 2, 2021. The shares are subject to a 2.5 year minimum holding period from the goal attainment date, excluding shares that are withheld or made available to sell to cover taxes.

F3: Securities disposed represent securities withheld to settle the reporting person's tax liability incident to the vesting of tranche nine of the XSPP (eXponential Stock Performance Plan). The remainder of the shares are subject to a 2.5 year minimum holding period

F4: Time-vested restricted stock units granted to the reporting person pursuant to the Axon Enterprise, Inc. 2019 Stock Incentive Plan. The grant is scheduled to vest in three equal installments beginning on December 2, 2022.

F5: Time-vested restricted stock units granted to the reporting person pursuant to the Axon Enterprise, Inc. 2019 Stock Incentive Plan. Two thirds of the award will vest on December 2, 2022 and the remaining one third will vest on December 2, 2023.