Morris S. Young - Aug 20, 2024 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: Aug 20, 2024
Transactions value $: $0
Form type: 4
Date filed: 8/22/2024, 06:53 PM
Previous filing: Nov 14, 2023
Next filing: Oct 31, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AXTI	Common Stock	Award		+39.8K	+2%		2.03M	Aug 20, 2024	Direct	F1

* 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 August 20, 2024 (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 second 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 $3.10, which is the 30-day trading average of the closing price of the Issuer's common stock from the Grant Date.

Content

Represents common stock granted on August 20, 2024 (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 second 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 $3.10, which is the 30-day trading average of the closing price of the Issuer's common stock from the Grant Date.