AXON 424B5: Secondary offering

Filed with the SEC on · accession 0001193125-26-391323

AXON filed a 424B5 (prospectus (offering)) with the SEC on Sep 15, 2026. Axon Enterprise, Inc. is offering $1,000,000,000 principal amount of 0% Convertible Senior Notes due 2031. The stock moved -9.8% by the first close after the filing.

Summary of the filing

Axon Enterprise, Inc. is offering $1,000,000,000 principal amount of 0% Convertible Senior Notes due 2031. The notes will not bear regular interest and are convertible into cash, common stock, or a combination thereof at the company's election.

Key details

Principal amount of notes offered$1.0B
IssuerAxon Enterprise, Inc.

How AXON stock reacted

Close before

$490.18

Sep 14, 2026

First close after

-9.81%

$442.08

5 trading days

-7.78%

$452.06

Since filing

-21.96%

$382.56

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Frequently asked questions

What did AXON file with the SEC on Sep 15, 2026?

AXON filed a 424B5 (Secondary offering). Axon Enterprise, Inc. is offering $1,000,000,000 principal amount of 0% Convertible Senior Notes due 2031. The notes will not bear regular interest and are convertible into cash, common stock, or a combination thereof at the company's election.

What does a secondary offering mean for AXON stock?

New shares dilute existing holders and are often sold at a discount to the market price.

How do I read a 424B5?

The final terms of an offering of shares or bonds. Look at price, number of shares and the discount to the market price. Large offerings dilute existing shareholders.

Why are SEC filings important?

Public companies must tell the SEC about anything that can change their value — results, leadership changes, big deals, new shares, bankruptcy. Filings are the official source, often before the news. A 424B5 (prospectus (offering)): The final terms of an offering of shares or bonds.

How did AXON stock react to this filing?

AXON closed at $490.18 before the filing and $442.08 on Sep 15, 2026 (-9.81%). Five trading days later: $452.06 (-7.78%).

Other AXON SEC filings

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