=== SEC Form 4 — Statement of Changes in Beneficial Ownership ===
Document Type: 4
Period of Report: 2026-09-08
10b5-1 Pre-arranged Plan: Yes
--- Issuer ---
Name: AXON ENTERPRISE, INC. (AXON)
CIK: 0001069183
--- Reporting Owner ---
Name: SMITH PATRICK W
CIK: 0001167028
Role: Director, Officer (CHIEF EXECUTIVE OFFICER)
--- Non-Derivative Transactions ---
[Transaction #1]
Security: Common Stock
Date: 2026-09-08 | Code: S (Open market sale)
Shares: -71 | Price: $501.99
Total Value: $35,641.29
Shares Owned After: 3,127,941 | Ownership: D (Direct)
Footnotes:
[F1] The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 12, 2025.
[Transaction #2]
Security: Common Stock
Date: 2026-09-08 | Code: S (Open market sale)
Shares: -410 | Price: $503.74
Total Value: $206,532.05
Shares Owned After: 3,127,531 | Ownership: D (Direct)
Footnotes:
[F1] The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 12, 2025.
[F2] The transaction was executed in multiple trades at prices ranging from $503.46 to $504.21. The price reported above reflects the weighted average sales price. The reporting person hereby 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.
[Transaction #3]
Security: Common Stock
Date: 2026-09-08 | Code: S (Open market sale)
Shares: -1,104 | Price: $505.59
Total Value: $558,173.79
Shares Owned After: 3,126,427 | Ownership: D (Direct)
Footnotes:
[F1] The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 12, 2025.
[F3] The transaction was executed in multiple trades at prices ranging from $504.94 to $505.875. The price reported above reflects the weighted average sales price. The reporting person hereby 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.
[Transaction #4]
Security: Common Stock
Date: 2026-09-08 | Code: S (Open market sale)
Shares: -744 | Price: $506.48
Total Value: $376,819.71
Shares Owned After: 3,125,683 | Ownership: D (Direct)
Footnotes:
[F1] The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 12, 2025.
[F4] The transaction was executed in multiple trades at prices ranging from $505.95 to $506.885. The price reported above reflects the weighted average sales price. The reporting person hereby 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.
[Transaction #5]
Security: Common Stock
Date: 2026-09-08 | Code: S (Open market sale)
Shares: -749 | Price: $507.48
Total Value: $380,099.52
Shares Owned After: 3,124,934 | Ownership: D (Direct)
Footnotes:
[F1] The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 12, 2025.
[F5] The transaction was executed in multiple trades at prices ranging from $506.96 to $507.90. The price reported above reflects the weighted average sales price. The reporting person hereby 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.
[Transaction #6]
Security: Common Stock
Date: 2026-09-08 | Code: S (Open market sale)
Shares: -1,774 | Price: $508.45
Total Value: $901,991.19
Shares Owned After: 3,123,160 | Ownership: D (Direct)
Footnotes:
[F1] The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 12, 2025.
[F6] The transaction was executed in multiple trades at prices ranging from $507.97 to $508.95. The price reported above reflects the weighted average sales price. The reporting person hereby 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.
[Transaction #7]
Security: Common Stock
Date: 2026-09-08 | Code: S (Open market sale)
Shares: -1,319 | Price: $509.32
Total Value: $671,791.63
Shares Owned After: 3,121,841 | Ownership: D (Direct)
Footnotes:
[F1] The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 12, 2025.
[F7] The transaction was executed in multiple trades at prices ranging from $508.985 to $509.91. The price reported above reflects the weighted average sales price. The reporting person hereby 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.
[Transaction #8]
Security: Common Stock
Date: 2026-09-08 | Code: S (Open market sale)
Shares: -1,348 | Price: $510.59
Total Value: $688,271.28
Shares Owned After: 3,120,493 | Ownership: D (Direct)
Footnotes:
[F1] The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 12, 2025.
[F8] The transaction was executed in multiple trades at prices ranging from $510.045 to $511.04. The price reported above reflects the weighted average sales price. The reporting person hereby 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.
[Transaction #9]
Security: Common Stock
Date: 2026-09-08 | Code: S (Open market sale)
Shares: -1,251 | Price: $511.43
Total Value: $639,804.06
Shares Owned After: 3,119,242 | Ownership: D (Direct)
Footnotes:
[F1] The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 12, 2025.
[F9] The transaction was executed in multiple trades at prices ranging from $511.045 to $511.985. The price reported above reflects the weighted average sales price. The reporting person hereby 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.
[Transaction #10]
Security: Common Stock
Date: 2026-09-08 | Code: S (Open market sale)
Shares: -1,033 | Price: $512.70
Total Value: $529,621.37
Shares Owned After: 3,118,209 | Ownership: D (Direct)
Footnotes:
[F1] The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 12, 2025.
[F10] The transaction was executed in multiple trades at prices ranging from $512.19 to $513.105. The price reported above reflects the weighted average sales price. The reporting person hereby 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.
[Transaction #11]
Security: Common Stock
Date: 2026-09-08 | Code: S (Open market sale)
Shares: -197 | Price: $513.38
Total Value: $101,136.02
Shares Owned After: 3,118,012 | Ownership: D (Direct)
Footnotes:
[F1] The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 12, 2025.
[F11] The transaction was executed in multiple trades at prices ranging from $513.23 to $513.645. The price reported above reflects the weighted average sales price. The reporting person hereby 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.
--- Footnotes (Complete Index) ---
F1: The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 12, 2025.
F10: The transaction was executed in multiple trades at prices ranging from $512.19 to $513.105. The price reported above reflects the weighted average sales price. The reporting person hereby 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.
F11: The transaction was executed in multiple trades at prices ranging from $513.23 to $513.645. The price reported above reflects the weighted average sales price. The reporting person hereby 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.
F2: The transaction was executed in multiple trades at prices ranging from $503.46 to $504.21. The price reported above reflects the weighted average sales price. The reporting person hereby 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.
F3: The transaction was executed in multiple trades at prices ranging from $504.94 to $505.875. The price reported above reflects the weighted average sales price. The reporting person hereby 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.
F4: The transaction was executed in multiple trades at prices ranging from $505.95 to $506.885. The price reported above reflects the weighted average sales price. The reporting person hereby 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.
F5: The transaction was executed in multiple trades at prices ranging from $506.96 to $507.90. The price reported above reflects the weighted average sales price. The reporting person hereby 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.
F6: The transaction was executed in multiple trades at prices ranging from $507.97 to $508.95. The price reported above reflects the weighted average sales price. The reporting person hereby 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.
F7: The transaction was executed in multiple trades at prices ranging from $508.985 to $509.91. The price reported above reflects the weighted average sales price. The reporting person hereby 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.
F8: The transaction was executed in multiple trades at prices ranging from $510.045 to $511.04. The price reported above reflects the weighted average sales price. The reporting person hereby 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.
F9: The transaction was executed in multiple trades at prices ranging from $511.045 to $511.985. The price reported above reflects the weighted average sales price. The reporting person hereby 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.
--- Signature ---
/s/ /s/ Patrick W. Smith by Isaiah Fields, Attorney-in-Fact (2026-09-10)
