Form 4: Aehr Test Systems CEO Gayn Erickson Reports Stock Transaction
SEC Form 4 Filing
Gayn Erickson, President and CEO of Aehr Test Systems, reports the withholding of shares to cover tax obligations upon vesting of restricted stock units.
Summary
- On October 27, 2024, Gayn Erickson, the President and CEO of Aehr Test Systems, reported a transaction involving common stock.
- 564 shares were withheld to satisfy tax obligations related to the vesting of restricted stock units at a price of $15.84 per share.
- Following the transaction, Erickson directly owns 205,762 shares and indirectly owns 288,444 shares through a trust.
Sentiment
Score: 5
Explanation: This is a neutral report of a routine transaction. It doesn't indicate positive or negative sentiment.
Industry Context
This is a routine filing related to insider transactions and is a normal part of corporate governance and regulatory compliance.
Key Dates
| Date | Description |
|---|---|
| June 2, 2023 | Date of Power of Attorney execution, authorizing Chris Siu, Adil Engineer, and Vernon Rogers to act on Gayn Erickson's behalf for Section 16 filings. |
| October 27, 2024 | Date of the reported stock transaction where shares were withheld for tax obligations. |
| October 29, 2024 | Date of signature by Chris Siu, Attorney-in-Fact, on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.