---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-395997"
form_type: "8-K"
ticker: "AXON"
cik: "0001069183"
company_name: "AXON ENTERPRISE, INC."
filed_at: "2026-09-21T10:02:06+00:00"
generated_at: "2026-09-21T10:05:23.925109+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Axon prices $1.15B 0% convertible notes due 2031, buys capped calls at 137.5% premium

## Summary
- Issued $1.15B 0% convertible notes due 2031; conversion price $652.06/share, rate 1.5336 shares per $1k.
- Net proceeds ~$1.134B after full over-allotment; $114.9M used for capped call transactions.
- Capped call cap price $1,049.94/share (137.5% premium over $442.08 close), reducing conversion dilution.
- Notes mature Sept 15, 2031; no regular interest; senior unsecured; no financial covenants.
- Over-allotment option exercised in full; offering closed Sept 18, 2026.

## SEC filing metadata
- accession: 0001193125-26-395997
- form_type: 8-K
- ticker: AXON
- cik: 0001069183
- company_name: AXON ENTERPRISE, INC.
- filed_at: 2026-09-21T10:02:06+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1069183/000119312526395997/0001193125-26-395997-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1069183/000119312526395997/d476163d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-395997
- JSON: https://secwatch.observer/filing/0001193125-26-395997.json
- Plain text: https://secwatch.observer/filing/0001193125-26-395997.txt

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