CHEN JESSE 4

What Happened Jesse Chen, a director of AXT Inc. (AXTI), sold a total of 29,000 shares in two open-market transactions: 14,000 shares on 2026-03-10 at a weighted average price of $46.15 (proceeds ~$646,106) and 15,000 shares on 2026-03-11 at a weighted average price of $47.13 (proceeds ~$706,941). Total proceeds were approximately $1,353,047. These were outright sales (dispositions), not purchases or option exercises.

Key Details

• Transaction dates and prices:
  • 2026-03-10: 14,000 shares sold @ weighted avg $46.15 (prices ranged $45.60–$46.63). (Footnote F1)
  • 2026-03-11: 15,000 shares sold @ weighted avg $47.13 (prices ranged $46.83–$47.68). (Footnote F2)
• Total shares sold: 29,000; total proceeds: ≈ $1.35 million.
• Shares owned after the transaction: Not specified in the provided excerpt of the filing.
• Filing timeliness: Report filed 2026-03-12 for transactions on 2026-03-10 and 2026-03-11 — appears to be filed within the standard two-business-day window (timely).
• Footnotes: Both sales reported as weighted average prices with per-trade ranges; the filer will provide full per-transaction details upon SEC/issuer/securityholder request.

Context

• These transactions are sales (dispositions). Sales by insiders can be routine (e.g., diversification or liquidity) and do not by themselves prove a change in insider sentiment. No option exercises, awards, or gifts are reported in this filing.