Form 4: Aehr Test Systems CEO Gayn Erickson Reports Share Disposal for Tax Obligations
SEC Form 4 Filing
Gayn Erickson, CEO of Aehr Test Systems, disposed of 920 shares to cover tax obligations related to vesting restricted stock units and shares.
Summary
- A Form 4 filing reveals that Gayn Erickson, the President and CEO of Aehr Test Systems, disposed of 920 shares of common stock on July 11, 2024.
- The transaction was executed to satisfy tax withholding obligations upon the vesting of restricted stock units and restricted shares.
- The price per share was $15.11.
- Following the transaction, Erickson directly owns 134,028 shares and indirectly owns 288,444 shares through a trust.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a share disposal for tax purposes. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| June 2, 2023 | Date of Power of Attorney execution. |
| July 11, 2024 | Date of share disposal transaction. |
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