AXT (AXTI) director Jesse Chen sells 19,947 common shares around $38

Rhea-AI Filing Summary

AXT Inc. director Jesse Chen reported open-market sales of company stock. On March 5, 2026, Chen sold 11,147 shares of AXT common stock at a weighted average price of $38.2624 per share. On March 4, 2026, he sold an additional 8,800 shares at a weighted average price of $38.8278 per share. After these transactions, Chen directly held 167,064 shares of AXT common stock. The filing notes that each reported price reflects a weighted average for multiple trades within the stated price ranges.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

CHEN JESSE

(Last) (First) (Middle)

4281 TECHNOLOGY DR.

(Street)

FREMONT CA 94538

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
AXT INC [ AXTI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
03/04/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/04/2026		S		8,800	D	$38.8278(1)	178,211	D
Common Stock	03/05/2026		S		11,147	D	$38.2624(2)	167,064	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $38.53 to $39.13,inclusive. Upon request by the Securities and Exchange Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate transaction.

2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $38.00 to $38.69, inclusive. Upon request by the Securities and Exchange Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate transaction.

	/s/ Jeff Sensiba, Attorney-in-Fact	03/05/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transactions did AXT (AXTI) director Jesse Chen report?

AXT director Jesse Chen reported two open-market sales of common stock totaling 19,947 shares. He sold 8,800 shares on March 4, 2026, and 11,147 shares on March 5, 2026, at weighted average prices in the high-$38 range.

On what dates did Jesse Chen sell AXT (AXTI) shares and how many?

Jesse Chen sold AXT shares on March 4, 2026 and March 5, 2026. He sold 8,800 shares on March 4 and 11,147 shares on March 5, for a combined total of 19,947 shares sold in open-market transactions.

At what prices were the AXT (AXTI) shares sold by Jesse Chen?

The reported prices are weighted averages. On March 4, 2026, Chen sold shares at a weighted average of $38.8278. On March 5, 2026, he sold at a weighted average of $38.2624, with each price representing multiple trades within specified ranges.

How many AXT (AXTI) shares does Jesse Chen hold after these sales?

After the reported sales, Jesse Chen directly holds 167,064 shares of AXT common stock. This figure reflects his ownership immediately following the March 5, 2026 open-market sale, according to the Form 4 insider transaction report.

What do the weighted average prices in Jesse Chen’s AXT (AXTI) Form 4 mean?

The weighted average prices reflect multiple trades combined into one average price per day. The filing explains that the reported prices aggregate transactions executed within ranges around $38–$39, and full trade-by-trade details are available upon request to relevant parties.

Is Jesse Chen’s ownership in AXT (AXTI) direct or indirect after these transactions?

The Form 4 indicates that Jesse Chen’s remaining 167,064 shares are held with direct ownership. The transactions are coded as direct holdings, and there is no footnote attributing the shares to a separate entity or trust.