Form 4: Aehr Test Systems CEO Gayn Erickson Reports Stock Transaction
SEC Form 4
Gayn Erickson, President and CEO of Aehr Test Systems, reports a transaction involving common stock to cover tax obligations.
Summary
- On April 29, 2024, Gayn Erickson, the President and CEO of Aehr Test Systems, reported a transaction involving the company's common stock.
- The transaction involved the disposal of 546 shares at a price of $12.10 per share to satisfy tax withholding obligations upon the vesting of restricted stock units.
- Following the transaction, Erickson directly owns 134,948 shares and indirectly owns 288,444 shares through a trust.
Sentiment
Score: 5
Explanation: Neutral sentiment as it reports a standard transaction related to tax obligations.
Industry Context
This is a routine filing related to insider transactions, which are common and regulated to ensure transparency in the market.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine sale of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| June 2, 2023 | Date of Power of Attorney execution, authorizing Chris Siu, Adil Engineer, and Vernon Rogers to act on behalf of Gayn Erickson for Section 16 filings. |
| April 29, 2024 | Date of the reported stock transaction where 546 shares were disposed of to cover tax obligations. |
| April 30, 2024 | Date of signature for the Form 4 filing by Chris Siu, Attorney-in-Fact. |
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.