Form 4: Aehr Test Systems Director Laura Oliphant Reports Share Acquisition and Disposal
SEC Form 4 Filing
Director Laura Oliphant of Aehr Test Systems reports acquiring and disposing of common stock, resulting in a net beneficial ownership of 13,725 shares directly and 12,665 shares indirectly through a trust.
Summary
- On July 11, 2024, Laura Oliphant, a director of Aehr Test Systems, reported transactions involving the company's common stock.
- Oliphant acquired 9,265 shares of common stock at $0, which are related to restricted stock unit awards vesting over time.
- Oliphant also disposed of 12,665 shares held indirectly through a trust.
- Following these transactions, Oliphant directly owns 13,725 shares, including unvested restricted stock units, and indirectly owns 12,665 shares through a trust.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by a company director, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure related to insider transactions and is a standard practice for directors of publicly traded companies.
Stakeholder Impact
- The transactions may have a minor impact on shareholder sentiment, but are unlikely to significantly affect the company's operations or financial condition.
Key Dates
| Date | Description |
|---|---|
| June 2, 2023 | Date of Power of Attorney execution, authorizing Gayn Erickson, Chris Siu, Adil Engineer, and Vernon Rogers to act on Laura Oliphant's behalf for Section 16 filings. |
| July 11, 2024 | Date of the reported stock transactions: acquisition of 9,265 shares and disposal of 12,665 shares. |
| July 15, 2024 | Date of signature for the Form 4 filing by Chris Siu, Attorney-in-Fact. |
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