AEHR.NASDAQAehr Test Systems

Form 4: Aehr Test Systems Executive Adil Engineer Reports Tax Withholding Transaction

Sentiment:

SEC Form 4 Filing

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Adil Engineer, Chief Operating Officer 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 11, 2024, Adil Engineer, the Chief Operating Officer of Aehr Test Systems, had 384 shares of common stock withheld to satisfy tax obligations related to the vesting of restricted stock units.
  • The transaction was executed at a price of $16.02 per share.
  • Following the transaction, Engineer directly owns 26,414 shares of Aehr Test Systems, which includes unvested restricted stock units.
  • The report was filed on October 15, 2024, by Chris Siu, Attorney-in-Fact.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a routine transaction. It doesn't contain information that would significantly impact investor sentiment positively or negatively.

Industry Context

This filing is a routine disclosure related to insider transactions and is required by the Securities and Exchange Act of 1934. It provides transparency into the transactions of company executives.

Stakeholder Impact

  • The transaction has a minimal impact on shareholders as it is a routine tax-related stock withholding.

Key Dates

DateDescription
June 2, 2023Date of execution of the Power of Attorney.
October 11, 2024Date of the transaction involving stock withholding for tax obligations.
October 15, 2024Date the Form 4 was signed by Chris Siu, Attorney-in-Fact.

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