A Form 4 filed on October 29, 2026, reports that Morris S. Young, CEO and Director of AXT Inc, received a grant of 23,350 restricted shares of common stock on October 27, 2026, at no cost, under the company's 2025 Equity Incentive Plan.

Key Highlights

  • Reporting Person: Morris S. Young, identified as CEO and Director of AXT Inc (NASDAQ:AXTI).
  • Shares Acquired: 23,350 shares of common stock acquired (transaction code A) on October 27, 2026, at a price of $0.
  • Plan: The grant was made under the issuer's 2025 Equity Incentive Plan, described as exempt under Rule 16b-3, in consideration for past services rendered.
  • Post-Transaction Ownership: Following the grant, Young beneficially owns 2,171,683 shares of common stock directly.
  • Trust Holdings: The beneficial ownership total includes shares held by the Young Family Trust DTD, according to the filing's footnote.
  • Filing Agent: The form was signed by Jeff Sensiba as Attorney-in-Fact on October 29, 2026.

Morris Young Receives Restricted Stock Grant Under AXT's 2025 Equity Incentive Plan

According to the Form 4 filing, Morris S. Young, who serves as both CEO and Director of AXT Inc, was granted 23,350 shares of common stock on October 27, 2026. The filing states the transaction was made at a price of $0 and is categorized under transaction code "A," indicating an acquisition. The grant is described as having been made under the issuer's 2025 Equity Incentive Plan and is "subject to the terms of a restricted stock agreement."

The filing further states that the transaction is "exempt under Rule 16b-3" and was made "in consideration for past services rendered by the Reporting Person." No derivative securities were reported in connection with this filing. Young's address is listed as 4281 Technology Dr., Fremont, California 94538, which is also AXT Inc's principal office location as noted in the filing.

Following the reported transaction, Young's total beneficial ownership of AXT Inc common stock stands at 2,171,683 shares held directly. A footnote to the filing discloses that this figure includes shares held by the Young Family Trust DTD. The form was filed on October 29, 2026, and signed by Jeff Sensiba acting as Attorney-in-Fact for the reporting person.

What Was Disclosed

AXT Inc CEO and Director Morris S. Young reported the acquisition of 23,350 restricted shares of common stock on October 27, 2026, at no cost, under the company's 2025 Equity Incentive Plan, bringing his total beneficial ownership to 2,171,683 shares.