AEHR.NASDAQAehr Test Systems

Form 4: Aehr Test Systems CEO Gayn Erickson Exercises Options and Reports Beneficial Ownership Changes

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SEC Form 4

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Gayn Erickson, CEO of Aehr Test Systems, reports exercising options and changes in beneficial ownership of company stock.

Summary

  • On September 16, 2024, Gayn Erickson, the President and CEO of Aehr Test Systems, exercised options to acquire 16,251 shares at a price of $1.635 per share.
  • He also exercised options to acquire 3,338 shares at the same price.
  • Following these transactions, Erickson directly owns 212,261 shares of common stock and indirectly owns 288,444 shares through a trust.
  • The reported amount includes shares subject to unvested restricted stock units and unvested restricted shares.
  • Chris Siu, Attorney-in-Fact, signed the report on September 17, 2024.
  • Erickson has a Power of Attorney naming Chris Siu, Adil Engineer, and Vernon Rogers as his attorneys-in-fact for Section 16 reporting purposes.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral.

Industry Context

This filing is a routine disclosure related to insider transactions and is a standard practice for publicly traded companies. It provides transparency into the trading activities of company executives.

Stakeholder Impact

  • The filing provides transparency to shareholders regarding the CEO's transactions in company stock.

Key Dates

DateDescription
June 2, 2023Date of Power of Attorney execution.
August 16, 2019Date options became exercisable.
September 16, 2024Date of option exercise and stock transactions.
September 17, 2024Date of Form 4 signature.
July 16, 2026Expiration date of the options.

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