Form 4: Aehr Test Systems Executive Reports Stock Transactions
SEC Form 4 Filing
Donald P. Richmond II, CTO of Aehr Test Systems, reports the withholding of shares to cover tax obligations upon vesting of restricted stock units.
Summary
- On April 13 and 14, 2024, Donald P. Richmond II, CTO of Aehr Test Systems, had shares withheld to satisfy tax obligations upon the vesting of restricted stock units.
- A total of 227 shares were withheld on April 13 at a price of $11.55, and 621 shares were withheld on April 14, also at $11.55.
- Following these transactions, Richmond directly owns 175,397 shares of Aehr Test Systems, which includes unvested restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to stock transactions for tax purposes, indicating a neutral sentiment.
Industry Context
This is a routine disclosure related to executive compensation and tax obligations, common in publicly traded companies.
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 behalf of Donald P. Richmond II for Section 16 filings. |
| April 13, 2024 | Date of transaction where 227 shares were withheld to satisfy tax obligations. |
| April 14, 2024 | Date of transaction where 621 shares were withheld to satisfy tax obligations. |
| April 15, 2024 | Date of signature for the Form 4 filing by Chris Siu, Attorney-in-Fact. |
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