Axon extends CEO Patrick Smith's term; $150M XSU grant subject to shareholder approval

AXON ENTERPRISE, INC.

Smith enters new employment agreement through 2030; base salary at minimum wage, no bonus or other equity until 2031.
Subject to 2024 shareholder vote, Smith receives $150M notional XSUs vesting in 7 tranches based on performance and tenure.
Smith must repay $30M to company if he resigns before Dec 31, 2030.
Company waived holding period on ~$25M of shares from 2018 options; Smith must repay $25M if resigns before Dec 31, 2025.

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