Company: AX
Filing Date: 2025-09-25
Form Type: DEF 14A
Source: 0001299709-25-000174
Chunk: 33

Company: Axos Financial, Inc.
Filing Date: 2025-09-25
Form: DEF 14A
Chunk 33
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832 |     |                                 |            |     | $ |   997,500 |     |        |         |     | $ | 2,088,672 |     |        |           |
| 1.20 |     |      |     | $ | -1,262,332 |     |                                 |            |     | $ | 1,260,000 |     |        |         |     | $ | 2,351,172 |     |        |           |

| 43 |

#### Compensation Discussion & Analysis

#### CEO RSU Award Calculation Description

#### Fiscal Year 2025 RSU Award
In the Agreement, the CEO’s RSU award is set in accordance with the following formula (the “Equity Award Formula”):

<div align='center'>Equity Award ($) = Target Award ($) × Individual factor + 2% (Company’s TRS - XABQ Index Return) × (Beginning Market Cap)</div>

Due to the Company’s significant outperformance compared to the XABQ index, the CEO Fiscal 2025 Equity Award was calculated to be 193,811 shares to vest over 4 years. The Summary Compensation Table (on page 49) reflects this award as $8.9 million, as calculated in line with Accounting Standards Codification (“ASC”) 718 for the expense the Company will recognize for this award over 5.5 years, matching the performance and vesting periods.

The CEO’s target equity award was determined based on the beginning market capitalization of the Company prior to the beginning of each fiscal year during the term of the Agreement in accordance with the following table:

| Beginning Market Capitalization        |     | Target Equity Award |
| <$2.0 Billion Market Cap               |     |          $2,500,000 |
| $2.0 Billion - $2.5 Billion Market Cap |     |          $3,000,000 |
| $2.5 Billion - $3.5 Billion Market Cap |     |          $3,500,000 |
| $3.5 Billion or More Market Cap        |     |          $4,000,000 |

| Compensation Formula Variable                                     |     | Fiscal Year 2025 Results |
| Beginning Market Capitalization                                   |     |           $3,035,893,988 |
| Target Award based on Beginning Market Capitalization             |     |               $3,500,000 |
| Individual Factor                                                 |     |                     0.95 |
| Fiscal Year