Leonard J. Leblanc - Jan 3, 2023 Form 4/A - Amendment Insider Report for AXT INC (AXTI)

Role: Director, DIRECTOR EMERITUS
Signature: /s/ Leonard J LeBlanc, by Power of Attorney
Stock symbol: AXTI
Transactions as of: Jan 3, 2023
Transactions value $: $0
Form type: 4/A - Amendment
Date filed: 4/27/2023, 02:51 PM
Date Of Original Report: Jan 5, 2023
Previous filing: Jan 5, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AXTI	Common Stock	Award	$0	+18.3K	+9.95%	$0.00	202K	Jan 3, 2023	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	This amended Form 4 is filed solely to correct (i) the relationship of the reporting person to the issuer as Director Emeritus as set forth in Box 5 and (ii) the vesting schedule as set forth in footnote 2. No other changes have been made to this Form 4.
F2	One hundred percent (100%) of the shares of common stock subject to the restricted stock award shall be scheduled to vest on the one (1) year anniversary of December 29, 2022, subject to the reporting person continuing to be a Service Provider (as defined in the AXT, Inc. 2015 Equity Incentive Plan (the "2015 Plan")) through the vesting date; provided that in the event of a Change in Control (as defined in the 2015 Plan), the restricted stock award will become fully and immediately vested in one hundred percent (100%) of the then unvested shares of common stock subject thereto, so long as the reporting person's status as a Service Provider has not terminated prior to the effective date of the Change in Control.

Content

This amended Form 4 is filed solely to correct (i) the relationship of the reporting person to the issuer as Director Emeritus as set forth in Box 5 and (ii) the vesting schedule as set forth in footnote 2. No other changes have been made to this Form 4.

One hundred percent (100%) of the shares of common stock subject to the restricted stock award shall be scheduled to vest on the one (1) year anniversary of December 29, 2022, subject to the reporting person continuing to be a Service Provider (as defined in the AXT, Inc. 2015 Equity Incentive Plan (the "2015 Plan")) through the vesting date; provided that in the event of a Change in Control (as defined in the 2015 Plan), the restricted stock award will become fully and immediately vested in one hundred percent (100%) of the then unvested shares of common stock subject thereto, so long as the reporting person's status as a Service Provider has not terminated prior to the effective date of the Change in Control.