Form 4: Aehr Test Systems COO Adil Engineer Reports Tax Withholding Transaction
SEC Form 4 Filing
Aehr Test Systems' Chief Operating Officer, Adil Engineer, reports a transaction involving the withholding of shares to cover tax obligations upon the vesting of restricted stock units.
Summary
- Adil Engineer, the Chief Operating Officer of Aehr Test Systems, filed a Form 4 with the SEC on April 30, 2024.
- The form reports a transaction on April 29, 2024, where 162 shares of common stock were disposed of to cover tax withholding obligations related to the vesting of restricted stock units.
- The price per share for the transaction was $12.1.
- Following the transaction, Engineer directly owns 9,205 shares of Aehr Test Systems, which includes unvested restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to tax withholding, indicating a neutral sentiment.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track management's buying and selling activity.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine tax withholding.
Key Dates
| Date | Description |
|---|---|
| June 2, 2023 | Date of Power of Attorney execution. |
| April 29, 2024 | Date of stock transaction (tax withholding). |
| April 30, 2024 | Date of Form 4 filing. |
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