Hung-lun (fred) Chang bought $0K of AAOI

bought $0.00 of AAOI

25,671 shares @ $0.00

Increased holdings by +12.80%

155th largest trade (out of 160)

Cluster BuyPositive 90D History

Trade made by an officer

Part of a cluster of 5 transactions by 5 insiders

Unscheduled trade

80% win rate · +16.6% median edge vs SPY (10 trades, 90-day · small sample)

Price 24% below 200-day moving average

Small Cap stock — insider trades carry more weight

AAOIAPPLIED OPTOELECTRONICS, INC.

Information TechnologySemiconductors

1D0.00%

1W+5.32%

1M-37.08%

3M-23.39%

6M—

1Y—

Recent insider activity at AAOI