<SEC-DOCUMENT>0001628280-25-049074.txt : 20251104
<SEC-HEADER>0001628280-25-049074.hdr.sgml : 20251104
<ACCEPTANCE-DATETIME>20251104180347
ACCESSION NUMBER:		0001628280-25-049074
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20250828
FILED AS OF DATE:		20251104
DATE AS OF CHANGE:		20251104

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Brooks Cameron
		CENTRAL INDEX KEY:			0002017144
		ORGANIZATION NAME:           	

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-16391
		FILM NUMBER:		251451015

	MAIL ADDRESS:	
		STREET 1:		17800 N 85TH ST
		CITY:			SCOTTSDALE
		STATE:			AZ
		ZIP:			85255

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AXON ENTERPRISE, INC.
		CENTRAL INDEX KEY:			0001069183
		STANDARD INDUSTRIAL CLASSIFICATION:	ORDNANCE & ACCESSORIES, (NO VEHICLES/GUIDED MISSILES) [3480]
		ORGANIZATION NAME:           	04 Manufacturing
		EIN:				860741227
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		17800 N. 85TH ST.
		CITY:			SCOTTSDALE
		STATE:			AZ
		ZIP:			85255
		BUSINESS PHONE:		480-991-0797

	MAIL ADDRESS:	
		STREET 1:		17800 N. 85TH ST.
		CITY:			SCOTTSDALE
		STATE:			AZ
		ZIP:			85255

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TASER INTERNATIONAL INC
		DATE OF NAME CHANGE:	20010212
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>wk-form4_1762297424.xml
<DESCRIPTION>FORM 4
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0508</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2025-08-28</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0001069183</issuerCik>
        <issuerName>AXON ENTERPRISE, INC.</issuerName>
        <issuerTradingSymbol>AXON</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0002017144</rptOwnerCik>
            <rptOwnerName>Brooks Cameron</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>17800 NORTH 85TH STREET</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>SCOTTSDALE</rptOwnerCity>
            <rptOwnerState>AZ</rptOwnerState>
            <rptOwnerZipCode>85255</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>CHIEF REVENUE OFFICER</officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <aff10b5One>0</aff10b5One>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2025-08-28</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
                <footnoteId id="F1"/>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>31620</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>50318</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2025-10-31</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>F</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
                <footnoteId id="F2"/>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>5850</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>711.34</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>44468</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <derivativeTable></derivativeTable>

    <footnotes>
        <footnote id="F1">The transaction consists of performance-based restricted stock units (collectively, &quot;XSUs&quot;) granted on April 1, 2024 pursuant to the Axon Enterprise, Inc. 2024 eXponential Stock Plan, for which the performance conditions for the first and second tranches of XSUs (each, a &quot;Tranche&quot;) were certified by the issuer's Compensation Committee of the Board of Directors on August 28, 2025 as having been met. The first Tranche vested on October 1, 2025 and the second Tranche will vest on April 1, 2026, in each case subject to continued employment through such dates. Following each vesting, the shares deliverable for each Tranche is subject to a minimum holding period until the earlier of (i) December 31, 2030 and (ii) the date on which a subsequent tranche of XSUs vests, excluding shares withheld or sold to cover applicable taxes.</footnote>
        <footnote id="F2">Securities disposed represent securities withheld to settle the reporting person's tax liability arising out of the vesting of the first Tranche.</footnote>
    </footnotes>

    <remarks>This Form 4 reports transactions relating to the first and second Tranches of the reporting person's Axon Enterprise, Inc. 2024 eXponential Stock Plan award. The performance conditions applicable to these Tranches were certified by the Compensation Committee of the issuer's Board of Directors on August 28, 2025 as having been met. Due to an administrative error, the issuer is filing this Form 4 late. The vest date for the first Tranche was October 1, 2025, and such shares were released to the reporting person on October 31, 2025, consistent with the award's terms.</remarks>

    <ownerSignature>
        <signatureName>/s/ Cameron Brooks by Isaiah Fields, Attorney-in-Fact</signatureName>
        <signatureDate>2025-11-04</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
