AXT Inc (AXTI) Director Leonard J. LeBlanc Sells Shares

What Happened Leonard J. LeBlanc, a director of AXT Inc (AXTI), sold a total of 2,500 shares in two open‑market transactions. On 2026-06-10 he sold 500 shares at $89.59 each for $44,795, and on 2026-08-07 he sold 2,000 shares at $88.31 each for $176,630 — aggregate proceeds of $221,425. These were outright sales (transaction code S), which are routine insider dispositions and do not by themselves indicate company performance or future stock movement.

Key Details

• Transactions:
  • 2026-06-10 — 500 shares @ $89.59 = $44,795 (open market sale)
  • 2026-08-07 — 2,000 shares @ $88.31 = $176,630 (open market sale)
• Total: 2,500 shares sold for $221,425.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Notable footnotes/plans: No 10b5‑1 plan, tax‑withholding, or other footnotes were provided in the supplied data.
• Filing timeliness: Form 4 was filed 2026-08-19. This appears to be late relative to the transaction dates (Form 4s are typically due within two business days), which reduces reporting timeliness and transparency.

Context:

• These were straightforward open‑market sales. Sales by insiders can be for many personal reasons; they are not direct evidence of company fundamentals. Purchases are generally considered more informative about an insider’s confidence in the company.