Company: AX
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0001299709-25-000087
Chunk: 55

Company: Axos Financial, Inc.
Filing Date: 2025-04-30
Form: 10-Q
Item: Part I, Item 1
Chunk 55
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2025 and June 30, 2024, respectively, and cash collateral placed on Derivative Liabilities of $0.7 million as of March 31, 2025. There was no cash collateral placed on Derivative Liabilities as of June 30, 2024.The securities loaned transactions represent equities with an overnight and open maturity classification as of both periods presented.

7.    STOCKHOLDERS’ EQUITY AND STOCK-BASED COMPENSATION

The Company has an equity incentive plan, the Amended and Restated 2014 Stock Incentive Plan (the “2014 Plan”), which provides for the granting of non-qualified and incentive stock options, restricted stock and restricted stock units, stock appreciation rights and other awards to employees, directors and consultants. The Company also has an employment agreement with its Chief Executive Officer that provides for an award of restricted stock units. For additional information regarding the Company’s stock-based compensation plans, see Note 16—“Stock-Based Compensation” in the 2024 Form 10-K. At March 31, 2025, 1,007,365 shares of common stock were authorized for future awards under the 2014 Plan. As of March 31, 2025, the total compensation cost not yet recognized related to non-vested awards was $74.8 million, which is expected to be recognized over a weighted-average period of 1.4 years.The following table presents the status and changes in RSUs:RSUsWeighted-AverageGrant-Date Fair ValueNon-vested balance at June 30, 20241,541,194 $43.95 Granted1,006,449 64.46 Vested(592,005)43.48 Forfeited(71,433)47.62 Non-vested balance at March 31, 20251,884,205 $54.92 The total fair value of shares vested for the three and nine months ended March 31, 2025 was $15.7 million and $38.8 million, respectively. The total fair value of shares vested for the three and nine months ended March 31, 2024 was $10.3 million and $25.2 million, respectively.Common Stock Repurchases.The following table presents common stock repurchases:For the Three Months Ended March 31, For the Nine Months Ended March 31, (Dollars in thousands except per