FISCHER GARY L 4

What Happened Gary L. Fischer, Chief Financial Officer of AXT INC (AXTI), sold 405,233 shares in open-market transactions on March 2, 2026, reported on a Form 4 filed March 3, 2026. The filing reports a weighted average price of $41.45 per share for total proceeds of approximately $16,798,934. This was a sale of existing shares (S code), which is generally a liquidity/event-driven action rather than a direct signal of company outlook.

Key Details

• Transaction date: 2026-03-02; Form 4 filed: 2026-03-03 (filed the next day, appearing timely).
• Shares sold: 405,233; weighted-average price reported: $41.45; total proceeds ≈ $16,798,934.
• Price range: shares were sold in multiple transactions at prices ranging from $40.00 to $45.82 (footnote states a weighted average was reported; breakdown available to SEC on request).
• Shares owned after the transaction: not specified in the provided excerpt of the filing.
• No indication in the filing of a 10b5-1 plan, tax-withholding disposition code, or award/exercise activity for these shares.

Context

• Sales by executives are common for diversification or personal liquidity and do not by themselves indicate insider sentiment about the company's prospects. Because this was an outright sale of stock (not an option exercise or gift), proceeds were realized immediately.
• The filing includes a footnote explaining the reported price is a weighted average across multiple trades and that detailed per-trade data can be provided if requested by the SEC or others.