YOUNG MORRIS S 4

What Happened
Morris S. Young, CEO and a director of AXT INC (AXTI), reported a disposal by gift of 1,200 shares on June 12, 2026. The Form 4 shows the transaction as a gift (code G) at $0.00 per share (total value reported as $0).

Key Details

• Transaction date: 2026-06-12; Form 4 filed: 2026-06-16 (filed within the standard two-business-day window).
• Transaction type/code: Gift (G); 1,200 shares disposed; price reported $0.00; total reported value $0.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnote: The reporting person is subject to a lock-up agreement expiring June 20, 2026; this gift is a permissible exemption under that lock-up (per footnote F1).
• No indication of a 10b5-1 plan, option exercise, tax withholding, or late filing in the disclosed information.

Context
Gifts are disposals for reporting purposes and generally do not signal insider trading sentiment the way purchases might; they can be for personal, estate-planning, or charitable reasons. The filing notes the gift was allowed under the issuer’s lock-up agreement with the underwriters, so it complied with offering-related restrictions.