[Form 4] Axos Financial, Inc. Insider Trading Activity

Filing Impact

(High)

Filing Sentiment

(Very Positive)

Form Type

Rhea-AI Filing Summary

Iron Mountain Inc. (IRM) has filed a Form 144/A signaling the possible sale of 17,334 common shares鈥攁bout 0.006 % of the company鈥檚 295,043,896 shares outstanding. The shares, acquired on 03/01/2025 via restricted-stock vesting (compensation), are valued at roughly $1.73 million and are expected to be sold on or after 07/01/2025 through Fidelity Brokerage Services LLC on the NYSE. No other sales were reported in the past three months, and the filer attests to holding no undisclosed material information. Although Form 144 filings can indicate insider intent to sell, the transaction size is immaterial relative to Iron Mountain鈥檚 float and therefore unlikely to affect the stock鈥檚 supply-demand dynamics.

Insights

TL;DR Proposed insider sale of 17,334 IRM shares is negligible; minimal impact expected.

The filing covers only 17,334 shares (鈮�0.006 % of outstanding), worth $1.73 million. Such a small disposition usually does not create meaningful selling pressure or change the firm鈥檚 ownership profile. Because the stock was acquired through recent restricted-stock vesting, it looks like routine compensation-related diversification rather than a signal of deteriorating fundamentals. I consider the filing neutral for valuation and liquidity.

TL;DR Routine compensation share sale; governance risk remains unchanged.

Rule 144 requires insiders to notify the market before selling restricted securities. The absence of other recent sales and the representation of no undisclosed adverse information support good disclosure practice. Without the seller鈥檚 identity, we cannot assess alignment, but the minimal size and adherence to procedure suggest ordinary governance behavior. Overall governance impact is neutral.

07/01/2025 - 05:44 PM

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
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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^*

Garrabrants Gregory

(Last)

(First)

(Middle)

9205 WEST RUSSELL ROAD

SUITE 400

(Street)

LAS VEGAS

89148

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
Axos Financial, Inc. [ AX ]

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

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	President and CEO

3. Date of Earliest Transaction (Month/Day/Year)
06/30/2025

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

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

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

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock⁽¹⁾	06/30/2025		M		273,169	A	$76.04	1,609,146	D
Common Stock	06/30/2025		F		147,101⁽²⁾	D	$76.04	1,462,045	D
Common Stock								2,890	I	401(k) Plan
Common Stock								170,680	I	by Trust

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units⁽³⁾	⁽³⁾	06/30/2025		M			273,169	⁽⁴⁾	⁽⁴⁾	Common Stock	273,169	$76.04	400,968	D

Explanation of Responses:

1. Represents shares of Common Stock issued on June 30, 2025 following the vesting of Restricted Stock Units ("RSUs") which vest one-fourth each year. The RSUs were previously granted to the reporting person under the Axos Financial, Inc. 2014 Stock Incentive Plans in connection with the reporting person's employment agreement as President and Chief Executive Officer.

2. 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.

3. The RSUs were granted to the reporting person under the Axos Financial, Inc. 2014 Stock Incentive Plans in connection with the reporting person's employment agreement as President and Chief Executive Officer. Each RSU represents a contingent right to receive one share of Axos Financial, Inc. Common Stock. The RSUs are accompanied by dividend equivalent rights.

4. The RSUs vest over four years, one-fourth on each fiscal year-end following the date of grant.

	By: Derrick Walsh For: Gregory Garrabrants	07/01/2025
	** 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.
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