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AXTIAxt Inc · Insider ownership research

Axt Inc insiders sold $78.8M in the past 12 months. How much of their stake is that?

Insiders sold $78.8M in the past 12 months.0% was sold under disclosed trading plans, 100% with no plan disclosed. The largest seller, Morris Young (CEO, Director), sold $39.4M. 13% of these sales were shares from exercising options.Share-of-stake figures for this company are being verified and will be added when that check is finished. Why

Updated Oct 13, 2026 from SEC filings · covers Oct 14, 2025 to Oct 13, 2026
$78.8M
sold with no plan disclosed, past 12 months
0%
of sales were under disclosed trading plans, past 12 months
5 of 8
officers and directors sold shares, past 12 months
Is this normal? More than usual: $78.8M sold, after almost none in the past 5 years. 5 insiders sold; the average is 1 a year. Year by year
Latest filing: Filed Aug 19 for a sale on Aug 17. Leonard Leblanc sold 4K shares ($384K) with no plan disclosed. Filing
SEC ownership filings: 49 filed in the 12 months to Oct 13, 2026; 434 on record since Jul 10, 2003 · See the evidence

What stands out

Four insiders sold $78.1M with no disclosed plan: Morris Young ($39.4M), Gary Fischer ($23.2M) and Jesse Chen ($10.3M), plus 1 more. The filings don't state a reason.Morris Young: largest such sale, Jun 2, 2026 · Gary Fischer: largest such sale, Mar 2, 2026 · Jesse Chen: largest such sale, Jun 12, 2026

A share of stake is shown for 0 of the 5 officers and directors who sold. 8 are left out

i
Left out: Morris Young, Gary Fischer, David Chang, Jesse Chen, Russell Christine, Leonard Leblanc, Tracy Liu and Jia-bin Duh (share of stake is being verified).
Disclosed company stock is not an insider's whole wealth.

Who sold, and how much of their stake

Officers and directors, past 12 months. Their share of stake is being verified and is not shown yet; amounts and trading plans are below.

Morris Young
CEO, Director
Not confirmed
Share of stake not shown: share of stake is being verified. Why
$39.4MNo plan disclosed
Gary Fischer
CFO
Not confirmed
Share of stake not shown: share of stake is being verified. Why
$23.2MNo plan disclosed
Jesse Chen
Director
Not confirmed
Share of stake not shown: share of stake is being verified. Why
$10.3MNo plan disclosed
David Chang
Director
Not confirmed
Share of stake not shown: share of stake is being verified. Why
$5.2MNo plan disclosed
Leonard Leblanc
Director
Not confirmed
Share of stake not shown: share of stake is being verified. Why
$636KNo plan disclosed
Amounts, filings and trading plans for each seller

Selling by month

Officers and directors, Oct 2025 to Oct 2026. Each sale is counted once: under a disclosed plan, else to cover taxes, else no plan disclosed.

No plan disclosedOne dollar scale for every month; the tallest bar is labeled
OctNov 2025: $4.2M no plan disclosedNovDec 2025: $1.6M no plan disclosedDecJanFebMar 2026: $43.3M no plan disclosed$43.3MMarAprMayJun 2026: $29.2M no plan disclosedJunJulAug 2026: $561K no plan disclosedAugSepOct

Recent activity

Past 30 days, Sep 14, 2026 to Oct 13, 2026

No officer or director trades were reported for the past 30 days. The most recent before that:

Aug 17, 2026Leonard Leblanc sold 4K shares ($384K) with no plan disclosed.
WhoSharesPrice% of total stakeTotal stake afterTrade dateFiled
Leonard Leblanc
Director
4,000$96.07n/an/aAug 17, 2026Aug 19, 2026

Common questions

Is the Axt Inc CEO selling stock?

Yes. Morris Young sold 745K shares ($39.4M) in the past 12 months, none of it under a trading plan disclosed in the filings.

Why are Axt Inc insiders selling?

Filings rarely give a reason, and we don't guess at one. What they show is how the sales were made: 0% of sales by value ran under 10b5-1 trading plans disclosed in the filings and 100% had no disclosed plan. A trading plan schedules sales in advance.

Are any Axt Inc insiders buying?

No. Officers and directors reported no purchases in the past 12 months.

The evidence

Who sold5 officers and directors: amount, % of holdings, trading plan
Who soldAmount% of holdingsTrading plan
Morris Young
CEO, Director
$39.4M
745K shares
Not confirmed
share of stake is being verified. Why
No plan disclosed
Gary Fischer
CFO
$23.2M
698K shares
Not confirmed
share of stake is being verified. Why
No plan disclosed
Jesse Chen
Director
$10.3M
160K shares
Not confirmed
share of stake is being verified. Why
No plan disclosed
David Chang
Director
$5.2M
243K shares
Not confirmed
share of stake is being verified. Why
No plan disclosed
Leonard Leblanc
Director
$636K
10K shares
Not confirmed
share of stake is being verified. Why
No plan disclosed
The full ownership picture0 of 8 officers and directors confirmed

Vested shares across all share classes, held directly and through trusts, LLCs and family members, as reported on SEC Forms 3, 4 and 5. Unvested awards and options are never counted as owned shares.

InsiderHeld Oct 13, 2025SoldHeld Oct 13, 2026Still held
Morris Young
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. See the filing Sales and other transactions for Morris Young are complete.
CEO, Director
n/a−745Kn/an/a
Vesting, gifts, unvested awards and holding lines for Morris Young

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Morris Young are complete; balances and unit counts will be added when the check is finished.

−99Kgifted (net of own trusts)

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
621,953$5.21Oct 28, 2026$56.5M
571,942$5.77Nov 5, 2028$51.6M
589,273$3.06Nov 6, 2029$54.8M
467,046$5.21Oct 28, 2026$42.4M

Estimate: options held × ($96.07 − strike price), using the most recent insider trade price on Form 4 (Aug 17, 2026), not a market close.

Gary Fischer
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Gary Fischer are complete.
CFO
n/a−698Kn/an/a
Vesting, gifts, unvested awards and holding lines for Gary Fischer

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Gary Fischer are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
247,828$2.18Nov 2, 2025$23.3M

Estimate: options held × ($96.07 − strike price), using the most recent insider trade price on Form 4 (Aug 17, 2026), not a market close.

David Chang
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. See the filing Sales and other transactions for David Chang are complete.
Director
n/a−243Kn/an/a
Vesting, gifts, unvested awards and holding lines for David Chang

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for David Chang are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Jesse Chen
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Jesse Chen are complete.
Director
n/a−160Kn/an/a
Vesting, gifts, unvested awards and holding lines for Jesse Chen

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Jesse Chen are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Russell Christine
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Russell Christine are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Russell Christine

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Russell Christine are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Leonard Leblanc
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Leonard Leblanc are complete.
Director
n/a−10Kn/an/a
Vesting, gifts, unvested awards and holding lines for Leonard Leblanc

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Leonard Leblanc are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Tracy Liu
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Tracy Liu are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Tracy Liu

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Tracy Liu are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Jia-bin Duh
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Jia-bin Duh are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Jia-bin Duh

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Jia-bin Duh are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

Holdings and share of stake for Axt Inc are being verified, so no balances, unit counts or percentages are shown. Sales, proceeds, plan and tax status, titles and dates come straight from individual filings.

What explains the selling$78.8M of sales by plan status, purpose, seller and month

Officer and director open-market sales: $78.8M across 1,857,013 shares. Plan status and stated purpose are separate questions, and a sale can have both.

By plan status

No plan disclosed · $78.8M

Sales with no 10b5-1 plan and no tax reference in the filing. $39.4M of it is Morris Young. No plan disclosed is a statement about the filing, not about why the sale happened. Largest such sale: Gary Fischer, Mar 2, 2026

Charitable gifts · 14K shares

Gifts the filings describe as charitable. Gifts are not sales and are not included in the sale totals.

SellerShares soldProceedsUnder a disclosed planShare of totalSales dates
Morris Young
CEO, Director
745K$39.4M0%50%Nov 3, 2025 to Jun 2, 2026
Gary Fischer
CFO
698K$23.2M0%30%Nov 4, 2025 to Mar 13, 2026
Jesse Chen
Director
160K$10.3M0%13%Mar 2, 2026 to Jun 15, 2026
David Chang
Director
243K$5.2M0%7%Nov 5, 2025 to Jun 15, 2026
Leonard Leblanc
Director
10K$636K0%0.8%Nov 7, 2025 to Aug 17, 2026

Sales by month

MonthSale proceedsDisclosed planTo cover taxesNo plan disclosed
Oct 2025$0$0$0$0
Nov 2025$4.2M$0$0$4.2M
Dec 2025$1.6M$0$0$1.6M
Jan 2026$0$0$0$0
Feb 2026$0$0$0$0
Mar 2026$43.3M$0$0$43.3M
Apr 2026$0$0$0$0
May 2026$0$0$0$0
Jun 2026$29.2M$0$0$29.2M
Jul 2026$0$0$0$0
Aug 2026$561K$0$0$561K
Sep 2026$0$0$0$0
Oct 2026$0$0$0$0
Is this normal? Selling year by year5 earlier years to compare with

More than usual: $78.8M sold, after almost none in the past 5 years. 5 insiders sold; the average is 1 a year.

12 months endingShares soldInsiders who soldProceeds
Oct 13, 2026
Latest 12 months
1.86M5$78.8M
Oct 13, 2025
1 year earlier
00$0
Oct 13, 2024
2 years earlier
00$0
Oct 14, 2023
3 years earlier
7.5K1$33K
Oct 14, 2022
4 years earlier
108K2$933K
Oct 14, 2021
5 years earlier
488K4$5.0M

Open-market sales (Form 4 code S) by people who were officers or directors, in split-adjusted shares. Earlier years include people who have since left. A sale that an outside holder also reports (a family trust, a fund) is counted with outside holders in every year. Shares, not dollars, are compared, so a change in the stock price doesn't look like a change in selling. Years the filings don't fully cover are shown but left out of the average.

Known gaps and uncertainty8 officers and directors not confirmed

Holdings and share of stake are being verified. Balances, unit counts and every share-of-stake figure for Axt Inc are held back until that check is finished. Sales, proceeds, plan and tax status, titles and dates come straight from individual filings and are complete.

External context: we only cite outside events when a documented connection exists. None is shown for this period.

Sources and methodology434 filings on record, 49 filed in the 12-month period, and how we read them

All 434 Forms 3, 4 and 5 on record for Axt Inc (SEC CIK 1051627), filed from Jul 10, 2003 to Aug 19, 2026; 49 of them were filed in the 12 months this page covers, retrieved from SEC EDGAR on Oct 13, 2026. Prices are the ones reported in each filing, often weighted averages.

Holdings. Each holding line (a share class plus an owner, such as a trust or LLC) carries its last reported balance forward. Entities first reported during the period start at zero, so transfers between an insider's own trusts don't count as selling. Lines not reported for three years or more are listed separately and left out of totals.

Sales. A sale counts as under a 10b5-1 plan if its footnote cites one or the filing's Rule 10b5-1 box is checked, and as tax-related if its footnote cites tax obligations or sell-to-cover. Shares withheld by the company for taxes are listed separately. Sales with neither attribute are labeled "no plan disclosed".

Full methodology

Former or inactive filers (13)No filing in 18 months; last reported balances, not in any total
NameLast filedLast reported balance
Uni-PixelDec 30, 2019No balance on record
Robert OchrymNov 16, 201713,250 shares, last reported balance as of Nov 16, 2017
Wilson LinOct 2, 2017No balance on record
Hong HouNov 4, 2015310,000 shares, last reported balance as of Nov 2, 2015
Davis ZhangAug 31, 2015202,488 shares, last reported balance as of Aug 31, 2015
Nai-yu PaiMay 14, 201442,909 shares, last reported balance as of May 13, 2014
Raymond LowNov 19, 201256,000 shares, last reported balance as of Nov 5, 2012
John CerilliAug 3, 201099,118 shares, last reported balance as of Aug 3, 2010
Philip YinNov 21, 200820,500 shares, last reported balance as of Nov 21, 2008
Wilson CheungNov 10, 20081,000 shares, last reported balance as of Nov 10, 2008
Minsheng LinNov 3, 20088,000 shares, last reported balance as of Aug 26, 2005
Chia WeiDec 3, 2007No balance on record
Donald TatzinOct 12, 2004No balance on record

Spotted something wrong on this page? Report an error. We check every report against the SEC filing and list what we fix in the corrections log.