Chang Hung-Lun (Fred) 4

What Happened

• Fred Chang (Chang Hung-Lun), Senior Vice President and North America General Manager of Applied Optoelectronics, exercised options and disposed of a total of 61,297 shares on June 12, 2026. He sold 34,000 shares in the open market for proceeds of $5,662,020 (weighted avg $166.53/share) and had 27,297 shares withheld to satisfy tax withholding obligations valued at $4,716,376.

Key Details

• Transaction date: June 12, 2026; Form 4 filed June 16, 2026 (timely within the 2-business-day window).
• Open-market sale: 34,000 shares at a weighted average price of $166.53; total proceeds $5,662,020. Sales occurred in multiple trades at prices from $163.78 to $171.80 (per filing).
• Withheld shares: 27,297 shares withheld to cover tax withholding/obligations (reported value $4,716,376).
• Total shares disposed (sold + withheld): 61,297; combined reported value ≈ $10,378,396.
• Shares owned after the transaction are not specified in the materials provided.
• Footnotes: withheld shares were used to satisfy tax obligations; weighted-average sale price reported for multiple transactions (reporting person can provide breakdown on request).

Context

• This appears to be a cashless exercise/settlement plus an open-market sale: shares were withheld to cover taxes and a separate block was sold on the open market. Such transactions are common for option exercises and do not by themselves indicate insider confidence or lack thereof—retail investors typically treat purchases as stronger signals than routine sales or tax withholdings.