Axon Enterprise CEO Patrick W. Smith Sells $5.09M Under Rule 10b5-1 Plan
AXON ENTERPRISE, INC.
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Filing Summary
📢 Insider Transaction Alert: AXON ENTERPRISE, INC. ($AXON)
Insider: Patrick W. Smith (Chief Executive Officer, Director) Transaction: Open Market Sale (Rule 10b5-1) Shares Sold: 10,000 Average Price: ~$508.99 Total Value: $5,089,881.90 Shares Remaining: 3,118,012 (Direct)
Note: Transactions were executed pursuant to a pre-arranged Rule 10b5-1 trading plan adopted on May 12, 2025.
Comprehensive Analysis
Executive Summary
On September 8, 2026, Patrick W. Smith, Chief Executive Officer and Director of Axon Enterprise, Inc. ($AXON), sold 10,000 shares of common stock across multiple tranches at weighted average prices ranging from $501.99 to $513.38, for total gross proceeds of approximately $5.09 million.
Transaction Breakdown
- Filing Date: September 10, 2026
- Transaction Date: September 8, 2026
- Security: Common Stock
- Shares Sold: 10,000 shares
- Weighted Average Sale Price: ~$508.99 per share
- Total Transaction Value: $5,089,881.90
- Ownership Post-Transaction: 3,118,012 direct shares
Context & Significance
- Pre-Arranged Trading Plan: All transactions were conducted pursuant to a Rule 10b5-1 trading plan established on May 12, 2025.
- Portfolio Impact: The disposition represented approximately 0.32% of Mr. Smith's pre-transaction direct holdings (3,128,012 shares), leaving him with a substantial stake of over 3.11 million shares.
- Significance Assessment: Low. The disposition represents standard automated liquidity management under a longstanding 10b5-1 trading plan and has minimal impact on the CEO's overall significant equity alignment with the company.
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Important Disclaimer
This content is drawn from public SEC filings and may contain errors. It is for informational purposes only and is not investment, legal, or tax advice.
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