Company: AX
Filing Date: 2025-09-16
Form Type: 424B5
Source: 0001299709-25-000147
Chunk: 53

Company: Axos Financial, Inc.
Filing Date: 2025-09-16
Form: 424B5
Chunk 53
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 are a beneficial owner of a subordinated note and you are, for United States federal income tax purposes:

• a citizen or resident of the United States,

<div align='center'>S-30</div>

• a domestic corporation,

• an estate whose income is subject to U.S. federal income tax regardless of its source, or

• a trust if a United States court can exercise primary supervision over the trust’s administration and one or more United States persons are authorized to control all substantial decisions of the trust.

If you are not a U.S. Holder, this subsection does not apply to you and you should refer to “Non-U.S. Holders” below.

#### Payments of Interest and Original Issue Discount
. The Notes will initially bear interest at a fixed annual rate. Subsequent to the fixed rate period, the Notes will bear interest at the Benchmark rate, which is expected to be the Three-Month Term SOFR, plus a fixed spread. The Notes should be treated for U.S. federal income tax purposes as variable rate debt instruments that provide for a single fixed rate followed by a single “qualified floating rate.” A qualified floating rate is any variable rate where variations in the value of such rate can reasonably be expected to measure contemporaneous variations in the cost of newly borrowed funds in the currency in which the debt instrument is denominated. Under this characterization, payments treated as qualified stated interest on the Notes generally will be taxable to U.S. Holders as ordinary interest income at the time such interest payments are accrued or received, depending on the U.S. Holder’s regular method of accounting for U.S. federal income tax purposes. By contrast, a U.S. Holder (regardless of its method of tax accounting) will be required to include original issue discount (“OID”) as taxable income (i.e., ordinary interest income) as it accrues in accordance with a constant yield method based on a compounding of interest. Qualified stated interest generally means stated interest that is unconditionally payable in cash at least annually at a single fixed rate for the entire term of the debt instrument, but as discussed below, special rules are applicable to a variable rate debt instrument.

For U.S. federal income tax purposes, OID is the excess of the stated redemption price at maturity of a debt instrument over its issue price (as defined above) if such excess equals or exceeds a specified de minimis amount (generally 1/4 of 1% of the debt instrument’s stated redemption price at maturity multiplied by the number of complete years to maturity of