LEBLANC LEONARD J 4

What Happened
Leonard J. LeBlanc, a director of AXT Inc (AXTI), was granted 754 shares as an annual equity award on June 4, 2026 (transaction code A). The filing lists no per-share transaction price; the company reports the award was calculated using the June 4, 2026 closing price of $105.99, which implies a grant value of approximately $79,916. The award vests on May 14, 2027. This was a compensation grant to a director, not an open-market purchase or sale.

Key Details

• Transaction date: June 4, 2026 (Form 4 filed June 5, 2026)
• Shares granted: 754; per-share price: N/A on Form 4 (valued at $105.99 per share per footnote)
• Approximate grant value: ~ $79,916 (754 × $105.99)
• Vesting: May 14, 2027 (per footnote F1)
• Shares owned after transaction: not reported in the provided filing
• Footnote: F1 states this is an annual equity grant calculated using the June 4, 2026 closing price and vests 5/14/2027
• Filing timeliness: Filed the day after the grant date (timely under standard Form 4 reporting rules)

Context
Equity awards to directors are a routine form of compensation and are typically intended for retention and alignment with shareholders; they do not represent an immediate market purchase or sale. Because the shares vest in the future, they are conditional on continued service through the vesting date and do not necessarily signal a near-term change in insider sentiment.