Patrick W. Smith, Chief Executive Officer and Director of Axon Enterprise, Inc., filed a Form 4 on September 10, 2026, disclosing the sale of common stock on September 8, 2026, pursuant to a pre-established Rule 10b5-1 trading plan.

Key Highlights

  • Reporting person: Patrick W. Smith, Chief Executive Officer and Director of Axon Enterprise, Inc. (NASDAQ:AXON)
  • Total shares sold: 10,000 shares of common stock disposed of on September 8, 2026, across eleven separate transactions
  • Price range: Individual transaction prices ranged from $501.99 to weighted averages as high as $513.3808 per share, with several transactions executed across multiple trades
  • Remaining ownership: Following the reported transactions, Smith directly beneficially owned 3,118,012 shares of common stock
  • Trading plan: All transactions were effected pursuant to a Rule 10b5-1 trading plan adopted by Smith on May 12, 2025

Axon Enterprise CEO Disposes of Common Stock Under Pre-Planned Rule 10b5-1 Program

According to the filing, Patrick W. Smith sold a total of 10,000 shares of Axon Enterprise, Inc. common stock on September 8, 2026, in eleven separate transactions executed at prices ranging from $501.99 per share to a weighted average of $513.3808 per share. The filing notes that the transactions were made pursuant to a Rule 10b5-1 trading plan that Smith adopted on May 12, 2025. The filing checked the box indicating the transactions satisfy the affirmative defense conditions of Rule 10b5-1(c).

Several of the eleven disposals were executed across multiple trades rather than at a single price. For those transactions, the prices reported reflect weighted average sales prices. Per the filing, Smith "undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected" for each such multi-trade transaction. Individual trade ranges disclosed include $503.46 to $504.21 for one transaction and $513.23 to $513.645 for another.

Following all eleven reported disposals, Smith directly beneficially owned 3,118,012 shares of Axon Enterprise common stock, according to the filing. No derivative securities transactions were reported. The Form 4 was signed by Isaiah Fields as Attorney-in-Fact for Patrick W. Smith on September 10, 2026.

What Was Disclosed

The filing reports that Axon Enterprise CEO Patrick W. Smith directly sold 10,000 shares of common stock on September 8, 2026, across eleven transactions under a pre-established Rule 10b5-1 plan, retaining direct beneficial ownership of 3,118,012 shares afterward.