CHEN JESSE 4

What Happened

• Jesse Chen, a director of AXT INC (AXTI), sold a total of 5,200 shares in two open-market transactions. On 2026-06-01 he sold 3,200 shares at a weighted average price of $111.56 for proceeds of $356,997; on 2026-06-02 he sold 2,000 shares at a weighted average price of $111.03 for proceeds of $222,065. Total proceeds were about $579,062. These were sales (not purchases), which are commonly routine insider liquidity events.

Key Details

• Transaction dates and reported weighted-average prices:
  • 2026-06-01: 3,200 shares sold, weighted avg $111.56 (total $356,997). Footnote F1: actual trade prices ranged $109.2609–$115.38.
  • 2026-06-02: 2,000 shares sold, weighted avg $111.03 (total $222,065). Footnote F2: actual trade prices ranged $110.685–$111.38.
• Total shares sold: 5,200; total reported proceeds: approximately $579,062.
• Shares owned after the transactions: not specified in the information you provided — check the full Form 4 for post-transaction holdings.
• No 10b5-1 plan, option exercise, gift, or tax-withholding note included in the provided details.
• Filing timeliness: Form filed 2026-06-03. Transactions occurred 2026-06-01 and 2026-06-02; the filing date is consistent with timely SEC Form 4 reporting (no late filing indicated).

Context

• These were open-market sales by a company director. Sales do not necessarily imply negative company outlook; they can reflect personal liquidity needs or portfolio rebalancing. For more detail (exact per-trade prices and the director’s remaining holdings), consult the full Form 4 (Accession 0001437749-26-019347), which the filer notes will provide transaction-level breakdowns on request.