---
schema_version: "secwatch.filing_event.v1"
accession: "0001069183-24-000042"
form_type: "8-K"
ticker: "AXON"
cik: "0001069183"
company_name: "AXON ENTERPRISE, INC."
filed_at: "2024-05-13T23:59:59+00:00"
generated_at: "2026-06-02T01:50:55.103681+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Axon enters new ATM equity distribution agreement for up to 1.95M shares with J.P. Morgan

## Summary
- New distribution agreement allows sale of up to 1,954,450 shares of common stock via J.P. Morgan Securities as agent.
- Agent compensation capped at 2% of gross sales price; sales at market prices on Nasdaq.
- Proceeds intended for general corporate purposes, including tax obligations on stock compensation and growth initiatives.
- Agreement effective May 13, 2024; replaces prior program that expired April 20, 2024.

## SEC filing metadata
- accession: 0001069183-24-000042
- form_type: 8-K
- ticker: AXON
- cik: 0001069183
- company_name: AXON ENTERPRISE, INC.
- filed_at: 2024-05-13T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1069183/000106918324000042/0001069183-24-000042-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1069183/000106918324000042/axon-20240513x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001069183-24-000042
- JSON: https://secwatch.observer/filing/0001069183-24-000042.json
- Plain text: https://secwatch.observer/filing/0001069183-24-000042.txt

## Key facts
- Material Agreements
  AXON ENTERPRISE, INC. entered into Distribution Agreement with J.P. Morgan Securities LLC valued at up to 1,954,450 shares of common stock (effective 2024-05-13).
  - Action: entry
  - Agreement: atm program
  - Counterparty: J.P. Morgan Securities LLC
  - Value: up to 1,954,450 shares of common stock
  - Effective: 2024-05-13
  source text: On May 13, 2024, the Company entered into a new distribution agreement (the “Distribution Agreement”) with J.P. Morgan Securities LLC (the “Agent”) specifically for those 1,954,450 unsold shares that the Company has carried over and registered under Post-Effective Amendment No. 1 filed April 19, 2024 to the Registration Statement on Form S-3 (File No. 333-277559) originally filed on March 1, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1069183/000106918324000042/0001069183-24-000042-index.htm

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