CHEN JESSE 4

What Happened
Jesse Chen, a director of AXT Inc. (AXTI), sold a total of 14,086 shares in two open-market transactions. On 2026-03-12 he sold 6,003 shares at a weighted-average price of $48.95 for proceeds of $293,871 (price range $46.72–$49.825). On 2026-03-13 he sold 8,083 shares at a weighted-average price of $50.25 for proceeds of $406,168 (price range $48.39–$51.38). Total reported proceeds across both trades were approximately $700,039. These were sales (not purchases or option exercises).

Key Details

• Transaction dates: 2026-03-12 (6,003 shares @ $48.95 WA) and 2026-03-13 (8,083 shares @ $50.25 WA).
• Total shares sold: 14,086; total proceeds: ~$700,039.
• Footnotes: Prices reported are weighted averages; individual trade prices ranged $46.72–$49.825 (Mar 12) and $48.39–$51.38 (Mar 13). Reporter will provide per-transaction breakdown upon SEC/issuer/holder request.
• Filing: Form 4 filed 2026-03-16 — within the standard two-business-day reporting window for these dates.
• Shares owned after the transactions: not specified in the excerpt provided.
• No 10b5-1 plan, tax-withholding surrender, gift designation, or option exercise was disclosed in the provided details.

Context

• These were outright open-market sales, which are common for insiders and do not, by themselves, indicate management sentiment about the company’s prospects. Purchases are generally more informative as bullish signals.
• The weighted-average pricing and footnotes indicate the sales were executed in multiple trades across the reported dates.