---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-25-056229"
form_type: "8-K"
ticker: "AXON"
cik: "0001069183"
company_name: "AXON ENTERPRISE, INC."
filed_at: "2025-12-10T23:59:59+00:00"
generated_at: "2026-05-16T13:37:02.418306+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Axon to exchange ~$177.9M convertible notes for cash and ~468k shares; closing Dec 16

## Summary
- Exchanges approx. $177.9M aggregate principal of 0.50% convertible senior notes due 2027 for cash and shares.
- Based on closing price of $550.95 as of Dec 5, Axon expects to issue ~468,000 common shares upon closing.
- After closing (expected Dec 16, 2025), ~$100.1M principal amount of notes will remain outstanding.
- Hedged holders may unwind positions, potentially buying common stock or entering derivatives, affecting share price.
- Shares issued in a private placement under Section 4(a)(2) and Rule 144A; not registered under Securities Act.

## SEC filing metadata
- accession: 0001628280-25-056229
- form_type: 8-K
- ticker: AXON
- cik: 0001069183
- company_name: AXON ENTERPRISE, INC.
- filed_at: 2025-12-10T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1069183/000162828025056229/0001628280-25-056229-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1069183/000162828025056229/axon-20251209.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-056229
- JSON: https://secwatch.observer/filing/0001628280-25-056229.json
- Plain text: https://secwatch.observer/filing/0001628280-25-056229.txt

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