AXT INC — Director's Dealing 2025

Oct 30, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AXT INC (AXTI)
CIK: 0001051627
Period of Report: 2025-10-28

Reporting Person: FISCHER GARY L (CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-10-28	Common Stock	A	37500	—	Acquired	566204	Direct

Footnotes

F1: Represents a grant of restricted stock under the Issuer's 2025 Equity Incentive Plan on October 28, 2025 (the "Grant Date"), in a transaction exempt under Rule 16b-3, in consideration for past services rendered by the Reporting Person. The grant is subject to the terms
of a restricted stock agreement.