CHEN JESSE 4

What Happened

Director Jesse Chen reported an open-market sale of 6,172 AXT Inc (AXTI) shares on 2026-06-15. The weighted-average price was $115.24 per share, producing total gross proceeds of approximately $711,284. This was a sale (not a purchase or award), which is often routine insider selling and does not by itself indicate company performance.

Key Details

• Transaction date: 2026-06-15 (reported on Form 4 filed 2026-06-17).
• Transaction type: Open-market sale (Code S).
• Shares sold: 6,172 shares.
• Reported price: Weighted average $115.24 per share; total proceeds ≈ $711,284.
• Price range: Filing footnote states individual sale prices ranged from $113.38 to $116.69; the reporting person can provide the breakdown on request (SEC staff/issuer/stockholder).
• Shares owned after transaction: Not disclosed in the filing.
• Filing timeliness: Form 4 was filed two days after the trade date (filed 2026-06-17 for a 2026-06-15 trade); no late filing flag noted.

Context

Insider sales can be for many personal or tax reasons and are not definitive signals about the company's prospects. This transaction was a straightforward open-market sale; no 10b5-1 plan, gift, option exercise, or tax-withholding treatment is indicated in the filing.