Form 4: Aehr Test Systems COO Adil Engineer Reports Transaction in Company Stock
SEC Form 4 Filing
Aehr Test Systems' Chief Operating Officer, Adil Engineer, reports the acquisition and disposal of company stock through an employee stock purchase plan.
Summary
- Adil Engineer, the Chief Operating Officer of Aehr Test Systems, filed a Form 4 on October 3, 2024, reporting a transaction in the company's common stock.
- The transaction involved the acquisition of 528 shares at a price of $10.421 per share through the company's employee stock purchase plan on October 1, 2024.
- Engineer also disposed of 528 shares on the same date.
- Following the reported transaction, Engineer beneficially owns 26,798 shares, which includes unvested restricted stock units.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the document simply reports a transaction. It doesn't indicate positive or negative performance.
Positives
- The acquisition of shares through the employee stock purchase plan indicates confidence in the company's future.
Industry Context
This filing is a routine disclosure related to insider trading regulations and provides transparency into the transactions of company executives.
Key Dates
| Date | Description |
|---|---|
| 2023-06-02 | Date of Power of Attorney execution. |
| 2024-10-01 | Date of stock transaction (acquisition and disposal). |
| 2024-10-03 | Date of Form 4 filing. |
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