Form 4 for AXTI AXT INC
Accepted 2025-02-20 00:00:00 ET · period of report 2025-02-18 · accession 0001415889-25-004949 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| M | 2025-02-20 | 2025-02-18 | AXTI | YOUNG MORRIS S | COB AND CEO, Dir | A - Grant | $0.00 | +256.9K | 2.42M | +12% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2025-02-18 | A | A | 33,264 | — | 2,195,900 | D | — | — | (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. |
| 2 | Common | Common Stock | 2025-02-18 | A | A | 223,590 | $0.00 | 2,419,490 | D | — | — | (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. |