Form 4: Aehr Test Systems CTO Donald P. Richmond II Reports Tax Withholding Transaction

Donald P. Richmond II, CTO of Aehr Test Systems, reports a transaction involving the withholding of shares to cover tax obligations upon the vesting of restricted stock units.

Summary

• On October 27, 2024, Donald P. Richmond II, the CTO of Aehr Test Systems, reported a transaction on Form 4.
• The transaction involved the withholding of 102 shares of common stock at a price of $15.84 to satisfy tax withholding obligations related to the vesting of restricted stock units.
• Following the transaction, Richmond beneficially owns 186,002 shares of Aehr Test Systems, including unvested restricted stock units.
• The report was filed by Chris Siu, Attorney-in-Fact, on October 29, 2024.
• A previous power of attorney document was included, granting Gayn Erickson, Chris Siu, Adil Engineer and Vernon Rogers the authority to complete and execute forms related to Section 16 of the Securities and Exchange Act of 1934.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing, indicating standard executive compensation practices. There is nothing inherently positive or negative, but it reflects ongoing operations and compliance.

Industry Context

This is a routine filing related to executive compensation and tax obligations, common in publicly traded companies.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it relates to tax obligations on existing equity compensation.

Key Dates