Form 4: AXT CEO Morris Young Sells 37,160 Shares Under 10b5-1 Plan

AXT Inc. CEO Morris S. Young reported the sale of 37,160 shares of common stock at a weighted average price of $12.457, executed under a Rule 10b5-1 trading plan.

Summary

• Morris S. Young, CEO and Director of AXT Inc. (AXTI), disposed of 37,160 shares of common stock.
• The transaction occurred on December 8, 2025, and was reported on December 9, 2025.
• The shares were sold at a weighted average price of $12.457 per share.
• The sales took place in multiple transactions with prices ranging from $12.405 to $12.53, inclusive.
• The transaction was made pursuant to a contract, instruction, or written plan for the purchase or sale of equity securities of the issuer, intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
• Following the reported transaction, Morris S. Young beneficially owns 2,458,404 shares indirectly through the Young Family Trust DTD.

Sentiment

Score: 5

Explanation: The sentiment is neutral. While an insider sale reduces ownership, the fact that it was conducted under a pre-arranged 10b5-1 plan mitigates any negative signaling typically associated with such transactions, as it implies the sale was not based on new, material non-public information.

Negatives

• The CEO's direct beneficial ownership of common stock decreased by 37,160 shares.

Future Outlook

The filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

This insider transaction is specific to AXT Inc. and does not directly reflect broader industry trends, though insider selling can sometimes be a data point for market sentiment within a sector.

Stakeholder Impact

• Shareholders: A reduction in direct insider ownership, though mitigated by the 10b5-1 plan, could be viewed as a minor negative signal regarding management's conviction in the stock, but is unlikely to be a significant concern given the pre-planned nature.

Key Dates

Recommendation

The sale of shares by CEO Morris S. Young, while a reduction in direct insider ownership, was executed under a pre-arranged Rule 10b5-1 trading plan. This indicates the transaction was scheduled in advance and not based on immediate, non-public information, thereby reducing its significance as a signal of management's current view on the company's prospects. As such, this single transaction alone does not warrant a change in investment recommendation, and a 'hold' stance is maintained, pending further fundamental analysis.

Keywords

AXT Inc., AXTI, Morris S. Young, CEO, Insider Sale, Form 4, 10b5-1 Plan, Common Stock, Semiconductor Materials