Company: AX
Filing Date: 2025-09-17
Form Type: 424B5
Source: 0001299709-25-000159
Chunk: 10

Company: Axos Financial, Inc.
Filing Date: 2025-09-17
Form: 424B5
Chunk 10
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 Transition Provisions, after a Benchmark Transition Event and its related Benchmark Replacement Date have occurred, the interest rate on the Notes for each interest period during the floating rate period will be an annual rate equal to the “Benchmark Replacement” (as defined under “Description of Notes”) plus 379 basis points. |
| Interest Payment Dates             |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              Fixed rate period: April 1 and October 1 of each year, commencing on April 1, 2026. The last fixed rate interest payment date for the fixed rate period will be October 1, 2030. 
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   Floating rate period: January 1, April 1, July 1 and October 1 of each year, commencing on January 1, 2031. |

<div align='center'>S-4</div>

| Record Dates           
 Day Count Convention   |     | The interest payable on the Notes during the fixed rate period or the floating rate period will be paid to the person in whose name such Note is registered at the close of business on the 15th day (whether or not a business day) immediately preceding the applicable fixed rate interest payment date or floating rate interest payment date, respectively.                                                                                                                              
 During the fixed rate period, interest will be computed on the basis of a 360-day year consisting of twelve 30-day months to, but excluding October 1, 2030.                                                                                                                                                                                                                                                                                                                                  
 During the floating rate period, interest will be computed on the basis of a 360-day year on the basis of actual number of days elapsed in each interest period (or any other relevant period).                                                                                                                                                                                                                                                                                               |
|:-----------------------|:----|:----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| No Guarantee           |     | The Notes will not be guaranteed by any of our subsidiaries. As a result, the Notes will be structurally subordinated to the liabilities of our subsidiaries as discussed below under “Description of Notes – Ranking; Subordination” and “Risk Factors –The Notes are not guaranteed by, and are structurally subordinated to all indebtedness of our subsidiaries, including liabilities of the Bank, and creditors of our subsidiaries will have priority as to our subsidiaries’ assets.” |
| Ranking; Subordination |     | The Notes will be our general unsecured subordinated obligations and will be:                                                                                                                                                                                                                                                                                                                                                                                                                 
 •junior in right of payment to any of our existing and future Senior Indebtedness (as defined under “Description