TOGHRAIE JEFF bought AX

March 19, 2024 · Form 4 insider transaction

TOGHRAIE JEFF bought 4,206,750 shares of Axos Financial, Inc., a transaction worth N/A. The trade was recorded as open-market purchase and disclosed on an SEC Form 4, filed 2 days after the transaction.

Direction
Acquired (buy-side)
Shares
4,206,750
Price
N/A
Total value
N/A
Role
SecuritySeries A Preferred Stock
Transaction codeP: Open-market purchase
Transaction dateMarch 19, 2024
Filing dateMarch 21, 2024
Shares owned after4,206,750
OwnershipIndirect
10b5-1 planNo
AmendedNo

Footnotes

The Series A Preferred Stock, par value $0.0001 per share (the "Preferred Stock"), is convertible into shares of the Issuer's common stock on a twenty-for-one basis, at the option of the holder, at any time after the second anniversary of the date that the Issuer first issued shares of Preferred Stock, or June 16, 2022; provided, that the holder may not convert that number of shares of Preferred Stock which would cause the holder to become the beneficial owner of more than 5% of the Issuer's common stock, as determined in accordance with Sections 13(d) and (g) of the Securities Exchange Act of 1934, as amended, and the rules and regulations thereunder. The Preferred Stock has no expiration date.; On March 19, 2024, Intrepid Global Advisors, Inc. purchased 4,206,750 shares of Preferred Stock (equivalent to approximately 210,338 shares of the Issuer's common stock on an as-converted basis) for cash consideration of $25,240.50, pursuant to a repurchase agreement entered into with the previous holder of such Preferred Stock.; Jeff Toghraie is the managing director of Intrepid Global Advisors, Inc.

View the original Form 4 on SEC EDGAR