Form 4: AAOI Senior VP Sells 36,400 Shares

Applied Optoelectronics Senior Vice President Hung-Lun Chang sold 36,400 shares of common stock for approximately $3.65 million.

Summary

• Hung-Lun (Fred) Chang, Senior Vice President and North America General Manager of Applied Optoelectronics, Inc. (AAOI), reported a sale of company common stock.
• On March 16, 2026, Chang disposed of 36,400 shares of AAOI common stock.
• The shares were sold at a weighted average price of $100.245 per share, with individual sales ranging from $100.00 to $100.80 per share.
• The total value of the transaction is approximately $3,648,918.
• Following this transaction, Chang beneficially owns 233,618 shares of AAOI common stock.
• The transaction was executed pursuant to a Rule 10b5-1 trading plan.

Sentiment

Score: 4

Explanation: StockSavvy.ai views this as a moderately negative signal. While the sale is part of a 10b5-1 plan, a significant reduction in an officer's direct holdings can still raise questions about future growth prospects or valuation.

Positives

• The sale was conducted under a Rule 10b5-1 trading plan, indicating a pre-scheduled transaction rather than an immediate reaction to new, non-public information.

Negatives

• A significant insider sale of 36,400 shares by a Senior Vice President could be perceived negatively by the market.
• The sale reduces the insider's direct ownership in the company.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that insider sales, even those under a 10b5-1 plan, are often scrutinized by investors for potential signals regarding management's confidence in the company's future prospects. In the optoelectronics industry, where technological shifts and market demand can be volatile, such transactions are closely watched.

Related Party Transactions

• Hung-Lun Chang, a Senior Vice President and North America General Manager, sold 36,400 shares of company common stock for approximately $3.65 million.

Stakeholder Impact

• Shareholders may interpret the insider sale as a potential lack of confidence from management, which could lead to negative sentiment and impact share price.
• Employees are not directly impacted by this specific transaction, but broader market reaction could indirectly affect morale or stock-based compensation value.

Key Dates

Recommendation

While a significant insider sale is generally a negative signal, the fact that it was executed under a Rule 10b5-1 plan suggests it was pre-planned and not necessarily a reaction to new, adverse information. Investors should hold and monitor future insider activity and company performance rather than making an immediate sell decision based solely on this filing.

Keywords

AAOI, Applied Optoelectronics, Insider Sale, Form 4, Hung-Lun Chang, Fred Chang, Stock Transaction, Officer Sale, Equity Disposal, Rule 10b5-1