Form 4: Aehr Test Systems CFO Chris Siu Reports Stock Transaction
SEC Form 4
CFO of Aehr Test Systems, Chris Siu, reports disposition of shares to cover tax obligations upon vesting of restricted stock units.
Summary
- On September 3, 2024, Chris Siu, CFO of Aehr Test Systems, reported a transaction involving common stock.
- 348 shares were disposed of to satisfy tax withholding obligations at a price of $13.51 per share.
- Following the transaction, Siu directly owns 44,702 shares and indirectly owns 1,600 shares through a trust.
- The reported amount includes shares subject to unvested restricted stock units.
Sentiment
Score: 5
Explanation: The document reports a routine transaction related to tax obligations, which is neither particularly positive nor negative.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. This filing indicates a standard transaction to cover tax obligations related to vested stock.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine sale to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 09/03/2024 | Date of stock transaction and report filing. |
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