Director Jesse Chen sold 22,000 AXTI shares for $2,041,992.30 over two days; stock up 160.1% in 90 days but down 19.4% from peak.
Jesse Chen executed 2 separate sales totaling 22,000 shares for $2,041,992.30 on June 11–12, 2026, reducing his stake by 28.0% from 78,447 to 56,447 shares. The sales occurred at a blended average price of $92.82, which is 19.4% below the 52-week high of $143.16 and 6.8% lower than prices 30 days prior. The broader context shows AXTI stock has surged 160.1% over 90 days, yet the company reported a net loss of $1.6M in its latest quarter and negative annual revenue growth of -11.1%, suggesting the recent rally may have disconnected from fundamentals. Chen's prior trades at AXTI (5 sells since June 3) have not yet matured for 90-day assessment, making the timing signal unclear, though his cross-ticker sales history shows a 0.00% well-timed rate, indicating historically poor predictive value.