Form 4: Aehr Test Systems CEO Gayn Erickson Reports Tax Withholding Transactions
SEC Form 4 Filing
Gayn Erickson, CEO of Aehr Test Systems, reports the withholding of shares to cover tax obligations related to vesting restricted stock units and shares, with no sale by the reporting person.
Summary
- Gayn Erickson, the President and CEO of Aehr Test Systems, filed a Form 4 on April 14, 2025, reporting transactions related to the withholding of shares for tax obligations.
- On April 11, 2025, 738 shares of common stock were withheld at a price of $8.515 per share to cover tax obligations upon the vesting of restricted stock units.
- On April 14, 2025, an additional 3,172 shares were withheld at a price of $8.3 per share to cover tax obligations upon the vesting of restricted stock units and restricted shares.
- These transactions did not represent a sale by Erickson.
- Following these transactions, Erickson directly owns 193,540 shares and indirectly owns 291,088 shares through a trust, including unvested restricted stock units and shares.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to tax withholding, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and tax obligations, common for publicly traded companies.
Stakeholder Impact
- The transactions reported have a minimal direct impact on stakeholders, as they relate to tax obligations and do not represent a sale of shares by the CEO.
Key Dates
| Date | Description |
|---|---|
| June 2, 2023 | Date of Power of Attorney execution. |
| April 11, 2025 | 738 shares withheld for tax obligations at $8.515 per share. |
| April 14, 2025 | 3,172 shares withheld for tax obligations at $8.3 per share; Form 4 filing date. |
Keywords
Form 4, Aehr Test Systems, Gayn Erickson, Tax Withholding, Restricted Stock Units, Beneficial Ownership, AEHR
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