AXT INC — Director's Dealing 2003

Nov 26, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AXT INC (AXTI)
CIK: 0001051627
Period of Report: 2003-11-25

Reporting Person: YOUNG MORRIS S (Director, Chief Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-11-25	Common Stock	S	30000	$3.35	Disposed	1710979	Indirect

Footnotes

F1: Includes 617,071 shares held by Morris & Vickie Young Trust, 977,700 shares held by the Morris Young Family Ltd. Partnership, 96,208 directly held by Morris Young. Also includes 20,000 shares held jointly by George Liu, Morris Young's father-in-law, and Vicky Young, Morris Young's spouse, of which Morris Young disclaims benefical ownerhip.