Form 4: Aehr Test Systems Executive Donald P. Richmond II Reports Stock Disposals to Cover Tax Obligations
SEC Form 4 Filing
Donald P. Richmond II, CTO of Aehr Test Systems, reported the disposal of common stock to cover tax withholding obligations related to vesting restricted stock units.
Summary
- Donald P. Richmond II, the CTO of Aehr Test Systems, filed a Form 4 detailing changes in beneficial ownership.
- The report indicates the disposal of common stock on October 11, 2024, October 13, 2024 and October 14, 2024 to satisfy tax withholding obligations upon the vesting of restricted stock units.
- A total of 958 shares were disposed of at prices of $16.02 and $15.66.
- Following these transactions, Richmond directly owns 186,104 shares of Aehr Test Systems, including unvested restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to stock transactions for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors.
Key Dates
| Date | Description |
|---|---|
| June 2, 2023 | Date of Power of Attorney execution. |
| October 11, 2024 | Date of first reported transaction (disposal of 421 shares). |
| October 13, 2024 | Date of second reported transaction (disposal of 240 shares). |
| October 14, 2024 | Date of third reported transaction (disposal of 297 shares). |
| October 15, 2024 | Date of signature on the Form 4 filing. |
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