AXON ENTERPRISE, INC. — Director's Dealing 2021

May 20, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AXON ENTERPRISE, INC. (AXON)
CIK: 0001069183
Period of Report: 2021-05-18

Reporting Person: Larson Luke (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-05-18	Common Stock	S	1232	$121.453	Disposed	152898	Direct
2021-05-18	Common Stock	S	8942	$122.8314	Disposed	143956	Direct
2021-05-18	Common Stock	S	13528	$123.6638	Disposed	130428	Direct
2021-05-18	Common Stock	S	6719	$124.6883	Disposed	123709	Direct
2021-05-18	Common Stock	S	4797	$125.5329	Disposed	118912	Direct
2021-05-18	Common Stock	S	1068	$126.5093	Disposed	117844	Direct
2021-05-18	Common Stock	S	532	$127.8341	Disposed	117312	Direct
2021-05-18	Common Stock	S	3655	$128.8783	Disposed	113657	Direct
2021-05-18	Common Stock	S	1623	$129.9306	Disposed	112034	Direct
2021-05-18	Common Stock	S	1783	$131.0566	Disposed	110251	Direct
2021-05-18	Common Stock	S	1114	$132.11	Disposed	109137	Direct
2021-05-18	Common Stock	S	507	$132.9226	Disposed	108630	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 the second and third tranches of the XSPP (eXponential Stock Performance Plan). The remainder of the shares are subject to a 2.5 year minimum holding period.

F2: The transaction was executed in multiple trades at prices ranging from $121.20 to $122.17. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

F3: The transaction was executed in multiple trades at prices ranging from $122.20 to $123.19. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

F4: The transaction was executed in multiple trades at prices ranging from $123.20 to $124.1975. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

F5: The transaction was executed in multiple trades at prices ranging from $124.20 to $125.185. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

F6: The transaction was executed in multiple trades at prices ranging from $125.22 to $126.20. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

F7: The transaction was executed in multiple trades at prices ranging from $126.225 to $127.115. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

F8: The transaction was executed in multiple trades at prices ranging from $127.31 to $128.13. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

F9: The transaction was executed in multiple trades at prices ranging from $128.35 to $129.13. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

F10: The transaction was executed in multiple trades at prices ranging from $129.51 to $130.50. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

F11: The transaction was executed in multiple trades at prices ranging from $130.52 to $131.50. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

F12: The transaction was executed in multiple trades at prices ranging from $131.61 to $132.48. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

F13: The transaction was executed in multiple trades at prices ranging from $132.825 to $132.95. The price reported above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.