Applied Optoelectronics, Inc. Equity Distribution Agreement Amendment

On March 12, 2026, Applied Optoelectronics, Inc. entered into Amendment No. 1 to the Equity Distribution Agreement with Raymond James & Associates, Inc. and Needham & Company, LLC. This amendment increases the total amount of common stock that can be offered and sold under the agreement from $250,000,000 to $500,000,000. As of the amendment date, the company had already sold approximately $249,999,983 worth of shares and has approximately $250,000,017 remaining. Sales will continue to be conducted as "at the market" offerings. The agreement outlines compensation for the sales agents at 2% of gross sales and includes provisions for expense reimbursement and indemnification. The offering will terminate upon the sale of all shares or can be terminated by either party. The shares are registered under a Form S-3ASR shelf registration statement.