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AXT INC·4

Jun 5, 4:23 PM ET

CHEN JESSE 4

Research Summary

AI-generated summary

Updated

AXT (AXTI) Director Jesse Chen Sells Shares, Receives Equity Award

What Happened

  • Jesse Chen, a director of AXT Inc. (AXTI), sold a total of 10,133 shares in open-market dispositions on June 3–4, 2026 for combined proceeds of approximately $1,109,514. The sales were reported as: 4,000 shares on 2026-06-03 at a weighted average price of $111.36 (proceeds $445,440) and 6,133 shares on 2026-06-04 at a weighted average price of $108.28 (proceeds $664,074).
  • On 2026-06-04 Chen was also granted 754 shares as an annual equity award (calculated using the June 4, 2026 closing price of $105.99, value ≈ $79,916); the award vests on May 14, 2027. Sales (S) are dispositions; the award (A) is a grant.

Key Details

  • Transaction dates and prices:
    • 2026-06-03: Sold 4,000 shares, weighted avg $111.36 (per-footnote range $106.68–$114.36), proceeds $445,440. (Footnote F1)
    • 2026-06-04: Sold 6,133 shares, weighted avg $108.28 (per-footnote range $105.32–$112.26), proceeds $664,074. (Footnote F2)
    • 2026-06-04: Award of 754 shares valued at $105.99/share (closing price) and vesting 2027-05-14. (Footnote F3; grant value ≈ $79,916)
  • Shares owned after transaction: Not specified in the provided excerpt of the filing — see the full Form 4 for post-transaction holdings.
  • Footnotes: Weighted-average prices reported; per-trade price breakdown available upon SEC/issuer/stockholder request (F1, F2). Grant value and vesting date provided (F3).
  • Filing timeliness: Form 4 filed 2026-06-05 for transactions on 6/3–6/4 — appears timely (Form 4 must generally be filed within two business days).

Context

  • Sales by directors can be routine (diversification, liquidity, tax planning) and do not by themselves signal company performance; purchases typically carry more direct bullish inference.
  • The 754-share award is an unvested, time-based grant scheduled to vest 5/14/2027 — not an immediate increase in tradable shares.
  • No indication in the provided data of a 10% owner transaction, 10b5-1 plan, or late filing. For full details (exact post-trade holdings and per-trade sale prices), consult the complete Form 4 filing (Accession: 0001437749-26-019750).