AXT INC — Director's Dealing 2005

Nov 23, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AXT INC (AXTI)
CIK: 0001051627
Period of Report: 2005-11-23

Reporting Person: Zhang Davis (President , JV Operations)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-11-23	Common stock	S	4000	$1.8510	Disposed	137852	Direct
2005-11-23	Common stock	S	9000	$1.8291	Disposed	128852	Direct

Footnotes

F1: Beneficially owned shares included 16,000 shares held by Mr. Zhang's daughter.