YOUNG MORRIS S 4

What Happened Morris S. Young, CEO and Director of AXT Inc. (AXTI), reported two charitable gifts on May 1, 2026: 6,500 shares and 7,500 shares (total 14,000 shares) were disposed as gifts (transaction code G) and reported at $0.00 value. These were recorded as disposals on the Form 4 and are described in the filing as bona‑fide charitable contributions.

Key Details

• Transaction date: 2026-05-01 (two separate gifts: 6,500 and 7,500 shares), both reported at $0.00.
• Filing date: 2026-05-05 — filed within the two business day window (on time).
• Shares owned after transaction: not disclosed in the supplied filing details.
• Footnotes: one gift was to a donor advised fund (F1) and the other to a charitable foundation (F2). Both gifts are allowed under a lock‑up agreement related to AXT’s recent offering; the lock‑up expires June 20, 2026.
• Transaction code: G = Gift (disposition), reported as charitable donations.

Context Gifts to charitable funds are routine and do not necessarily reflect the insider’s view of the company’s stock price. The filing clarifies these were charitable contributions and permissible under the underwriter lock‑up agreement.