CHANG DAVID C 4

What Happened
David C. Chang, a director of AXT INC (AXTI), was granted an award of 754 shares of common stock on June 4, 2026. The filing values the award at approximately $79,916 based on the issuer's closing price of $105.99 on the grant date. This was an equity award (transaction code A) as part of the company’s compensation program; the shares vest on May 14, 2027. This is not a market purchase or sale.

Key Details

• Transaction date: June 4, 2026; Form 4 filed June 5, 2026 (timely filing).
• Grant value used in filing: $105.99 per share (closing price on grant date); total ≈ $79,916.46.
• Shares reported acquired: 754 (award/grant). Price listed as N/A because this was a compensatory grant.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnote: The award is the issuer’s annual equity grant calculated using the June 4, 2026 close and vests May 14, 2027.

Context
Equity awards are routine compensation for directors and do not by themselves signal a buy or sell decision in the open market. Vesting means the shares are subject to time-based restrictions until May 14, 2027; after vesting the insider may hold or dispose of the shares subject to company policy and SEC rules.