Form 4: Aehr Test Systems Executive VP Vernon Rogers Reports Stock Disposals to Cover Tax Obligations
SEC Form 4 Filing
Vernon Rogers, Executive VP of Sales & Marketing at Aehr Test Systems, reported the disposal of common stock to cover tax withholding obligations related to vesting restricted stock units.
Summary
- Vernon Rogers, an Executive VP at Aehr Test Systems, filed a Form 4 detailing changes in beneficial ownership.
- The report indicates the disposal of 290 and 826 shares of common stock on April 13 and 14, 2024, respectively, to satisfy tax withholding obligations.
- The shares were disposed of at a price of $11.55 per share.
- Following these transactions, Rogers directly owns 39,615 shares of Aehr Test Systems, which includes unvested restricted stock units.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing relates to routine stock disposals for tax purposes and doesn't convey any significant positive or negative information about the company's performance or outlook.
Industry Context
This filing is a routine disclosure related to stock transactions by a company executive, which is a common occurrence in publicly traded companies. It doesn't necessarily indicate a change in the company's prospects or management's confidence.
Key Dates
| Date | Description |
|---|---|
| June 2, 2023 | Date of Power of Attorney execution, authorizing Gayn Erickson, Chris Siu, and Adil Engineer to act on behalf of Vernon Rogers for Section 16 filings. |
| 04/13/2024 | Date of first reported transaction: disposal of 290 shares of common stock. |
| 04/14/2024 | Date of second reported transaction: disposal of 826 shares of common stock. |
| 04/15/2024 | Date of signature for the Form 4 filing. |
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