Form 4: Aehr Test Systems Executive VP Reports Tax Withholding Transaction
SEC Form 4 Filing
Avijit K. Ray-Chaudhuri, Executive VP of R&D at Aehr Test Systems, reports a transaction related to tax withholding obligations upon vesting of restricted stock units.
Summary
- Avijit K. Ray-Chaudhuri, an Executive VP at Aehr Test Systems, filed a Form 4 on October 29, 2024.
- The form reports a transaction on October 27, 2024, where 87 shares of common stock were disposed of to satisfy tax withholding obligations upon the vesting of restricted stock units.
- Following the transaction, Ray-Chaudhuri beneficially owns 28,318 shares of Aehr Test Systems common stock, including unvested restricted stock units.
- A power of attorney document was also included, granting Gayn Erickson, Chris Siu, and Vernon Rogers the authority to complete and execute SEC filings on Ray-Chaudhuri's behalf.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to insider transactions, with no inherent positive or negative sentiment. It reflects routine administrative processes.
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 |
|---|---|
| 2024-01-04 | Date of execution for the Power of Attorney. |
| 2024-10-27 | Date of the stock transaction (disposal of shares for tax withholding). |
| 2024-10-29 | Date the Form 4 was signed. |
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