Director CHANG DAVID C sells 40,000 shares (40.0K shares) for $1,539,114.00 in two transactions at AXT.
Director CHANG DAVID C executed 2 separate sales totaling 40,000 shares for $1,539,114.00 across March 4–5, 2026, reducing his holdings by 30.1% to 92,744 shares. The sales occurred at prices ($38.53 and $38.42) very close to the current market price of $38.80, indicating execution near current market levels rather than during a windfall. The timing coincides with exceptional price momentum: the stock has gained 96.6% over the past 30 days and 235.1% over 90 days, and now trades 16.2% below its 52-week high of $46.32. Contextually, AXT posted strong annual revenue growth of 31.1% but remains unprofitable (negative full-year net income), raising questions about whether the sharp recovery in valuation is sustainable given the company's current profitability profile.