Morris S. Young - Feb 18, 2025 Form 4 Insider Report for AXT INC (AXTI)

Role: CHAIRMAN AND CEO, Director
Signature: /S/Jeff Sensiba, Attorney-in-Fact
Stock symbol: AXTI
Transactions as of: Feb 18, 2025
Transactions value $: $0
Form type: 4
Date filed: 2/20/2025, 06:40 PM
Previous filing: Nov 13, 2024
Next filing: Feb 26, 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AXTI	Common Stock	Award		+33.3K	+1.54%		2.2M	Feb 18, 2025	Direct	F1
transaction	AXTI	Common Stock	Award	$0	+224K	+10.18%	$0.00	2.42M	Feb 18, 2025	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents common stock granted on February 18, 2025 (the "Grant Date") under the Issuer's 2015 Equity Incentive Plan, in a transaction exempt under Rule 16b-3, in lieu of the Reporting Person's cash bonus earned for the forth fiscal quarter of 2024 pursuant to the Issuer's Executive Incentive Plan. The common stock granted was calculated based on the cash bonus amount earned at a conversion price of $2.16, which is the 30-day trading average of the closing price of the Issuer's common stock from the Grant Date.
F2	Represents an award of at-risk, performance shares ("PSAs") under the Issuer's 2015 Equity Incentive Plan. The PSAs were originally approved to the Reporting Person on February 20, 2024 and are eligible to vest upon the achievement of certain target financial metrics for fiscal year 2024 ("FY2024"). The PSAs reported in this row represent the maximum number of PSAs issued to the Reporting Person in connection with exceeding the target financial metric for FY2024.

Content

Represents common stock granted on February 18, 2025 (the "Grant Date") under the Issuer's 2015 Equity Incentive Plan, in a transaction exempt under Rule 16b-3, in lieu of the Reporting Person's cash bonus earned for the forth fiscal quarter of 2024 pursuant to the Issuer's Executive Incentive Plan. The common stock granted was calculated based on the cash bonus amount earned at a conversion price of $2.16, which is the 30-day trading average of the closing price of the Issuer's common stock from the Grant Date.

Represents an award of at-risk, performance shares ("PSAs") under the Issuer's 2015 Equity Incentive Plan. The PSAs were originally approved to the Reporting Person on February 20, 2024 and are eligible to vest upon the achievement of certain target financial metrics for fiscal year 2024 ("FY2024"). The PSAs reported in this row represent the maximum number of PSAs issued to the Reporting Person in connection with exceeding the target financial metric for FY2024.