AXT INC — Director's Dealing 2025

May 16, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AXT INC (AXTI)
CIK: 0001051627
Period of Report: 2025-05-15

Reporting Person: CHRISTINE RUSSELL (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-05-15	Common Stock	A	55172	—	Acquired	133370	Direct

Footnotes

F1: Represents an annual equity grant of common stock calculated based upon $1.45, which was the closing price of the Issuer's common stock on May 15, 2025 (the "Grant Date"), and vests on the anniversary of the Grant Date.