Chang Hung-Lun (Fred) 4

What Happened
Fred Chang (Senior Vice President and North America General Manager) surrendered a total of 5,140 shares of Applied Optoelectronics (AAOI) to the company on April 22, 2026 to satisfy tax-withholding obligations tied to the vesting of restricted stock units (RSUs). Each share was valued at $150.57, for an aggregate value of approximately $773,931. These were not open-market sales for cash gain but share-withholdings to cover taxes upon vesting.

Key Details

• Transaction date: April 22, 2026; Form 4 filed April 24, 2026 (filed on time under the typical two-business-day rule).
• Price per share: $150.57.
• Share breakdown and values:
  • 2,940 shares surrendered — $442,676 (F1: RSU grant 6/26/2023)
  • 673 shares surrendered — $101,334 (F2: RSU grant 4/29/2024)
  • 850 shares surrendered — $127,985 (F3: RSU grant 4/11/2025)
  • 677 shares surrendered — $101,936 (F4: RSU grant 2/9/2026)
• Total surrendered: 5,140 shares for about $773,931.
• Shares owned after the transaction: Not specified in the provided filing details.
• Transaction code: F — indicates shares were surrendered to satisfy tax withholding (common when RSUs vest).

Context

• These transactions reflect tax-withholding on vested RSUs (cashless or share-withholding settlement), not open-market sales; they are administrative actions and do not necessarily indicate the insider’s view on the company’s stock.
• For retail investors, note that purchases or open-market sales are more informative about insider sentiment; routine tax withholdings are standard when equity awards vest.