YOUNG MORRIS S 4

What Happened Morris S. Young, CEO and director of AXT Inc. (AXTI), exercised stock options and sold a total of 197,498 shares in transactions on June 1–2, 2026. The filing shows options exercised for 85,703 shares (cost ~$446,512 at $5.21/share) and open‑market/same‑day sales of 73,897 shares on 6/1 at a weighted avg price of $112.39 ($8,305,336) and 123,601 shares on 6/2 at a weighted avg price of $113.33 ($14,007,590). Total sale proceeds reported: ~$22.31 million. Some option/derivative line items are reported with $0 proceeds to reflect the exercise aspect of those transactions.

Key Details

• Transaction dates: June 1, 2026 and June 2, 2026.
• Exercises (code M): 73,897 shares on 6/1 and 11,806 shares on 6/2 at $5.21 strike (total acquired via exercise 85,703; cash paid ~$446,512).
• Sales (code S): 73,897 shares sold on 6/1 at $112.39 (weighted avg) for $8,305,336; 123,601 shares sold on 6/2 at $113.33 (weighted avg) for $14,007,590. Total disposed ≈197,498 shares for ~$22,312,926.
• Footnotes: Options were originally granted 10/28/2016 and are fully vested (F1, F3). Sales were executed as cashless exercise/same‑day sales; reported weighted avg prices mask multiple trades in ranges: $110.00–$115.64 and $107.70–$121.48 (F2, F5). Of the total, 11,806 shares were sold pursuant to the cashless exercise tied to the second option exercise (F4).
• Shares owned after transaction: Not reported in this filing.
• Filing timeliness: Report filed 2026-06-03 for trades on 6/1–6/2 (no late‑filing indication in the form).

Context These filings show an option exercise followed by immediate sales (cashless exercise / same‑day sale). Transaction codes: M = option exercise/conversion, S = open market/private sale. Such transactions are commonly used to cover option costs and taxes; they are routine insider dispositions and should be interpreted as factual reporting of transactions rather than a stated view on company prospects.