CHEN JESSE 4

What Happened

• Jesse Chen, a director of AXT Inc. (AXTI), sold a total of 22,000 shares in two open-market transactions. On 2026-06-11 he disposed of 9,000 shares for a reported weighted-average price of $88.55 (proceeds ~$796,933). On 2026-06-12 he disposed of 13,000 shares at a reported weighted-average price of $95.77 (proceeds ~$1,245,059). Total gross proceeds across both sales were about $2,041,992. Both transactions are coded as sales (S) on the Form 4.

Key Details

• Transaction dates and reported weighted-average prices:
  • 2026-06-11: 9,000 shares at $88.55 (weighted avg; see footnote)
  • 2026-06-12: 13,000 shares at $95.77 (weighted avg; see footnote)
• Combined shares sold: 22,000; combined proceeds: ~$2.04 million.
• Shares owned after the transactions: not specified in the provided filing excerpt.
• Footnotes: Prices are weighted averages because each sale was executed in multiple trades. Per the filing:
  • 6/11 sale trades ranged from $87.38 to $89.50 (inclusive).
  • 6/12 sale trades ranged from $88.70 to $103.33 (inclusive).
  • The reporting person will provide a transaction-by-transaction breakdown upon SEC, issuer, or security-holder request.
• Filing timeliness: Form 4 filed on 2026-06-15. (Transactions occurred 6/11 and 6/12; the Form 4 filing date is consistent with the usual two-business-day reporting window.)

Context

• These were open-market sales (S), which are often routine liquidity events for insiders (e.g., diversification, personal needs) and do not by themselves indicate a change in company outlook. No purchase, option exercise, gift, 10b5-1 plan, or tax-withholding details were disclosed in the provided excerpt.
• Retail investors often weight insider purchases more heavily than routine sales, but large or repeated insider sales can merit attention when considered alongside company news and financials.