Company: AX
Filing Date: 2025-08-21
Form Type: 10-K
Source: 0001299709-25-000125
Chunk: 122

Company: Axos Financial, Inc.
Filing Date: 2025-08-21
Form: 10-K
Item: Item 5
Chunk 122
---
 the cost method as a reduction of stockholders’ equity in the accompanying Consolidated Financial Statements. 

Net Settlement of Restricted Stock Unit Awards. The Company’s amended and restated 2014 Stock Incentive Plan, permits net settlement of stock issuances related to equity awards for purposes of payment of a grantee’s minimum income tax obligation. During the fiscal year ended June 30, 2025, there were 396,978 restricted stock unit award shares which were retained by the Company and converted to cash at the average rate of $69.63 per share to fund the grantee’s income tax obligations.

31

The following table sets forth our market repurchases of Axos common stock and the Axos common shares retained in connection with net settlement of restricted stock unit awards during the fourth fiscal quarter ended June 30, 2025.

Period Number of Shares PurchasedAverage Price Paid Per ShareTotal Number of Shares Purchased as Part of Publicly Announced Plans or ProgramsApproximateDollar Value ofShares that MayYet be PurchasedUnder the Plansor ProgramsStock Repurchases1, 2 (dollars in thousands)April 1, 2025 to April 30, 2025517,600 $59.08 517,600 $48,071 May 1, 2025 to May 31, 2025— — — 148,071 June 1, 2025 to June 30, 2025— — — 148,071 For the Three Months Ended June 30, 2025517,600 $— 517,600 $148,071 Stock Retained in Net SettlementApril 1, 2025 to April 30, 20251,302 May 1, 2025 to May 31, 20253,666 June 1, 2025 to June 30, 2025147,344 For the Three Months Ended June 30, 2025152,312 

1 On April 27, 2023, the Company announced a program to repurchase up to $100 million of its common stock and on each of February 12, 2024 and May 12, 2025, the Company announced an additional $100 million increase to the common stock repurchase program. The share repurchase program will continue in effect until terminated by the Board of Directors of the Company.

2 The