---
schema_version: "secwatch.filing_event.v1"
accession: "0001069183-22-000065"
form_type: "8-K"
ticker: "AXON"
cik: "0001069183"
company_name: "AXON ENTERPRISE, INC."
filed_at: "2022-12-09T23:59:59+00:00"
generated_at: "2026-06-21T06:37:42.405081+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Axon issues $690M of 0.50% convertible notes due 2027, enters hedge and warrant transactions

## Summary
- $690M aggregate principal amount of 0.50% Convertible Senior Notes due 2027 issued on Dec 9, 2022.
- Initial conversion price ~$228.73 per share (conversion rate 4.3720 shares per $1,000 principal).
- Used ~$70.7M to enter convertible note hedge transactions covering ~3.0M shares.
- Sold warrants to acquire ~3.0M shares at initial strike price $338.86; received ~$124.3M.
- Notes mature Dec 15, 2027; interest 0.50% payable semi-annually starting June 15, 2023.

## SEC filing metadata
- accession: 0001069183-22-000065
- form_type: 8-K
- ticker: AXON
- cik: 0001069183
- company_name: AXON ENTERPRISE, INC.
- filed_at: 2022-12-09T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1069183/000106918322000065/0001069183-22-000065-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1069183/000106918322000065/axon-20221206x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001069183-22-000065
- JSON: https://secwatch.observer/filing/0001069183-22-000065.json
- Plain text: https://secwatch.observer/filing/0001069183-22-000065.txt

## Key facts
- Debt Financings
  AXON ENTERPRISE, INC. incurred convertible notes of $690 million aggregate principal amount with U.S. Bank Trust Company, National Association, as trustee at 0.50% per year maturing December 15, 2027.
  - Instrument: convertible notes
  - Principal: $690 million aggregate principal amount
  - Counterparty: U.S. Bank Trust Company, National Association, as trustee
  - Rate: 0.50% per year
  - Maturity: December 15, 2027
  - Event: incurrence
  source text: On December 9, 2022, Axon Enterprise, Inc. (the “Company”) issued and sold $690 million aggregate principal amount of its 0.50% Convertible Senior Notes due 2027 (the “Notes”), which amount includes $90 million aggregate principal amount of Notes sold pursuant to the initial purchasers’ (the “Initial Purchasers”) full exercise of their option to purchase additional Notes.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1069183/000106918322000065/0001069183-22-000065-index.htm
- Material Agreements
  AXON ENTERPRISE, INC. entered into Indenture with U.S. Bank Trust Company, National Association valued at $690 million aggregate principal amount (effective 2022-12-09).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: U.S. Bank Trust Company, National Association
  - Value: $690 million aggregate principal amount
  - Effective: 2022-12-09
  source text: On December 9, 2022, Axon Enterprise, Inc. (the “Company”) issued and sold $690 million aggregate principal amount of its 0.50% Convertible Senior Notes due 2027 (the “Notes”), which amount includes $90 million aggregate principal amount of Notes sold pursuant to the initial purchasers’ (the “Initial Purchasers”) full exercise of their option to purchase additional Notes. The Notes were issued pursuant to an indenture (the “Indenture”), dated as of December 9, 2022, between the Company and U.S. Bank Trust Company, National Association, as trustee (the “Trustee”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1069183/000106918322000065/0001069183-22-000065-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.