Axogen, Inc.

Issuer

Axogen, Inc.

Principal executive office address

13631 Progress Blvd., Suite 400 Alachua, FL 32615

Citizenship

Divisadero Street Capital Management, LP - Delaware William Zolezzi - United States Divisadero Street Partners, L.P. - Delaware Divisadero Street Partners GP, LLC - Delaware Divisadero Street Capital, LLC - Delaware

Filing person

Divisadero Street Capital Management, LP William Zolezzi Divisadero Street Partners, L.P. Divisadero Street Partners GP, LLC Divisadero Street Capital, LLC

Principal business or residence address

Divisadero Street Capital Management, LP 3480 Main Highway, Suite 204 Miami, FL 33133 William Zolezzi c/o Divisadero Street Capital Management, LP 3480 Main Highway, Suite 204 Miami, FL 33133 Divisadero Street Partners, L.P. 3480 Main Highway, Suite 204 Miami, FL 33133 Divisadero Street Partners GP, LLC 3480 Main Highway, Suite 204 Miami, FL 33133 Divisadero Street Capital, LLC 3480 Main Highway, Suite 204 Miami, FL 33133

Not applicable indication

Y

Percent of class

Divisadero Street Capital Management, LP - 6.8% William Zolezzi - 6.8% Divisadero Street Partners, L.P. - 5.9% Divisadero Street Partners GP, LLC - 5.9% Divisadero Street Capital, LLC - 6.8%

Amount beneficially owned

Divisadero Street Capital Management, LP - 3,983,783 William Zolezzi - 3,983,783 Divisadero Street Partners, L.P. - 3,436,008 Divisadero Street Partners GP, LLC - 3,436,008 Divisadero Street Capital, LLC - 3,983,783

Sole voting power

Divisadero Street Capital Management, LP - 0 William Zolezzi - 0 Divisadero Street Partners, L.P. - 0 Divisadero Street Partners GP, LLC - 0 Divisadero Street Capital, LLC - 0

Shared voting power

Divisadero Street Capital Management, LP - 3,983,783 William Zolezzi - 3,983,783 Divisadero Street Partners, L.P. - 3,436,008 Divisadero Street Partners GP, LLC - 3,436,008 Divisadero Street Capital, LLC - 3,983,783

Sole dispositive power

Divisadero Street Capital Management, LP - 0 William Zolezzi - 0 Divisadero Street Partners, L.P. - 0 Divisadero Street Partners GP, LLC - 0 Divisadero Street Capital, LLC - 0

Shared dispositive power

Divisadero Street Capital Management, LP - 3,983,783 William Zolezzi - 3,983,783 Divisadero Street Partners, L.P. - 3,436,008 Divisadero Street Partners GP, LLC - 3,436,008 Divisadero Street Capital, LLC - 3,983,783

Not applicable indication

Y

Not applicable indication

N

Ownership on behalf of another person

All of the securities reported in this Schedule 13G are directly owned by advisory clients of Divisadero Street Capital Management, LP. None of those advisory clients, other than Divisadero Street Partners, L.P., may be deemed to beneficially own more than 5% of the Common Stock, $0.01 par value.

Not applicable indication

N

Subsidiaries

Please see Exhibit B attached hereto.

Not applicable indication

Y

Not applicable indication

Y

Not applicable indication

N

Certifications

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

Exhibit A - Joint Filing Agreement Exhibit B - Control Person Identification

* Each Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his, her or its pecuniary interest therein, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose. To the extent that "ownership of 5 percent or less of a class" was indicated in Item 5, such response only applies to the Reporting Person(s) that indicated elsewhere herein that it beneficially owns five percent (5%) or less of the class.