Form 4: Aehr Test Systems COO Reports Routine Tax Withholding on Stock Vesting
Insider Transaction Report
Aehr Test Systems Chief Operating Officer Adil Engineer reported a routine disposition of 150 shares of common stock to cover tax withholding obligations related to the vesting of restricted stock units.
Summary
- Adil Engineer, Chief Operating Officer of Aehr Test Systems, reported a transaction on July 28, 2025.
- The transaction involved the disposition of 150 shares of Aehr Test Systems common stock.
- These shares were withheld to satisfy tax withholding obligations upon the vesting of restricted stock units.
- The price per share for the withheld shares was $21.74.
- This disposition does not represent a sale by the reporting person.
- Following this transaction, Adil Engineer beneficially owns 47,017 shares, which includes shares subject to unvested restricted stock units.
Sentiment
Score: 5
Explanation: The filing reports a routine, non-discretionary transaction (tax withholding) related to executive compensation, which is neutral in sentiment. It does not indicate any positive or negative operational or financial developments for the company.
Future Outlook
No forward-looking statements or guidance were provided in this filing.
Industry Context
This filing is a routine insider transaction report (Form 4) and does not provide specific insights into broader industry trends or competitive landscape. It reflects standard compensation practices for executives, where restricted stock units vest and a portion is withheld for tax purposes.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney Grant | Adil Engineer granted a Power of Attorney to specific individuals (Gayn Erickson, Chris Siu, Vernon Rogers) to execute and file Forms 3, 4, and 5 on his behalf, ensuring compliance with Section 16 of the Securities Exchange Act of 1934. | 06/02/2023 | This streamlines the process for insider trading compliance filings for the reporting person, ensuring timely and accurate submissions to the SEC. |
Stakeholder Impact
- Shareholders: Minimal direct impact as this is a routine, non-discretionary transaction for tax purposes and not a market sale by the insider.
- Employees: Reflects standard executive compensation practices involving restricted stock units.
Key Dates
| Date | Description |
|---|---|
| 06/02/2023 | Date Adil Engineer granted Power of Attorney to Gayn Erickson, Chris Siu, and Vernon Rogers for SEC Section 16 filings. |
| 07/28/2025 | Date of the reported transaction where shares were withheld for tax obligations. |
| 07/29/2025 | Date the Form 4 was signed by Chris Siu, Attorney-in-Fact. |
Keywords
Aehr Test Systems, AEHR, Adil Engineer, COO, Restricted Stock Units, RSU, Tax Withholding, Insider Transaction, Form 4, SEC Filing
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