CEO Patrick W Smith sells 20,000 shares of AXON at $500.00 for $10,000,000 via pre-arranged 10b5-1 plan
Patrick W Smith, as Chief Executive Officer, sold 20,000 shares at $500.00 on 2026-06-04 under a 10b5-1 trading plan adopted on 2025-05-12, meaning this was a scheduled transaction rather than a discretionary decision. The sale reduced his holdings from 3,080,997 shares to 3,060,997 shares, a -0.6% change in his position. Notably, Smith's cross-ticker track record shows 20 prior open-market sells with average 30d and 90d returns of -30.0% and -13.1% respectively, while his same-ticker history at AXON across 5 prior sales shows comparable patterns: 30d returns ranging from -31.3% to -30.1%, and 90d returns from -14.7% to -13.2%. The current stock price of $471.06 is -46.8% from its 52-week high of $885.92, suggesting the company is trading well below recent peaks despite posting $807.3M in quarterly revenue, $169.3M in net income, and +33.5% annual revenue growth. The high P/E of 184.01 indicates the market has priced in substantial future growth expectations relative to current earnings.