Form 4: Aehr Test Systems CEO Gayn Erickson Reports Stock Transactions
SEC Form 4 Filing
Gayn Erickson, CEO of Aehr Test Systems, reports the withholding of shares to cover tax obligations upon vesting of restricted stock units and restricted shares.
Summary
- Gayn Erickson, the President and CEO of Aehr Test Systems, reported transactions involving the company's common stock.
- These transactions involved the withholding of shares to satisfy tax obligations upon the vesting of restricted stock units and restricted shares; these were not sales by the reporting person.
- On October 11, 2024, 2,346 shares were withheld at a price of $16.02.
- On October 13, 2024, 1,154 shares were withheld at a price of $15.66.
- On October 14, 2024, 2,435 shares were withheld at a price of $15.66.
- Following these transactions, Erickson directly owns 206,326 shares and indirectly owns 288,444 shares through a trust.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they relate to tax obligations on vested shares.
Key Dates
| Date | Description |
|---|---|
| 2023-06-02 | Date of Power of Attorney execution. |
| 2024-10-11 | Withholding of 2,346 shares at $16.02. |
| 2024-10-13 | Withholding of 1,154 shares at $15.66. |
| 2024-10-14 | Withholding of 2,435 shares at $15.66. |
| 2024-10-15 | Date of signature for 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.