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AXON 424B5: Secondary offering

Filed with the SEC on · accession 0001193125-26-394401

AXON filed a 424B5 (prospectus (offering)) with the SEC on Sep 17, 2026. The final terms of an offering of shares or bonds. The stock moved -3.2% by the first close after the filing.

Summary of the filing

Axon Enterprise is offering $1 billion of 0% Convertible Senior Notes due 2031, with an option for underwriters to purchase an additional $150 million to cover over-allotments.

For details, click here →How to read a 424B5 →

Key details

Principal amount of notes offered$1.0B
Underwriting discounts$11.5M
Proceeds to Axon before expenses$988.5M
Over-allotment option$150.0M
IssuerAxon Enterprise, Inc.

How AXON stock reacted

Close before

$468.42

Sep 16, 2026

First close after

-3.19%

$453.50

5 trading days

-3.80%

$450.61

Since filing

-18.33%

$382.56

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Frequently asked questions

What did AXON file with the SEC on Sep 17, 2026?

AXON filed a 424B5 (Secondary offering). Axon Enterprise is offering $1 billion of 0% Convertible Senior Notes due 2031, with an option for underwriters to purchase an additional $150 million to cover over-allotments.

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 $468.42 before the filing and $453.50 on Sep 17, 2026 (-3.19%). Five trading days later: $450.61 (-3.80%).

Other AXON SEC filings

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