---
schema_version: "secwatch.filing_event.v1"
accession: "0001069183-25-000026"
form_type: "8-K"
ticker: "AXON"
cik: "0001069183"
company_name: "AXON ENTERPRISE, INC."
filed_at: "2025-03-07T23:59:59+00:00"
generated_at: "2026-05-25T02:55:42.130539+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Axon exchanges $407.5M of convertible notes for cash and ~1.0M shares; close expected March 13

## Summary
- Exchange of ~$407.5M principal of 0.50% convertible notes due 2027 for cash and shares based on VWAP.
- Assuming $499.31 VWAP, Axon expects to issue ~1.0M shares of common stock.
- After closing (expected March 13, 2025), ~$282.5M aggregate principal of Notes remain outstanding.
- Hedged holders may unwind positions by buying stock or using derivatives, potentially affecting market price.

## SEC filing metadata
- accession: 0001069183-25-000026
- form_type: 8-K
- ticker: AXON
- cik: 0001069183
- company_name: AXON ENTERPRISE, INC.
- filed_at: 2025-03-07T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1069183/000106918325000026/0001069183-25-000026-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1069183/000106918325000026/axon-20250306.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001069183-25-000026
- JSON: https://secwatch.observer/filing/0001069183-25-000026.json
- Plain text: https://secwatch.observer/filing/0001069183-25-000026.txt

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