Form 4: Aehr Test Systems: Insider Stock Transactions
Statement of Changes in Beneficial Ownership
Gayn Erickson, President and CEO of Aehr Test Systems, reports stock transactions including purchases and withholding for tax obligations.
Summary
- Gayn Erickson, President and CEO of Aehr Test Systems, has reported several stock transactions.
- On April 1, 2026, 2,131 shares of common stock were purchased at $6.6725 per share through the company's Employee Stock Purchase Plan.
- This purchase is exempt from short-swing transaction liabilities under Section 16 of the Securities Exchange Act of 1934.
- On April 2, 2026, 2,512 shares of common stock were disposed of at $44.32 per share, representing shares withheld to satisfy tax obligations upon vesting of restricted stock units.
- Following these transactions, Erickson beneficially owns 250,918 shares directly and 291,628 shares indirectly through a trust.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral filing, primarily detailing routine insider transactions related to employee stock purchase plans and tax obligations, rather than significant strategic or financial events.
Positives
- Insider purchase of shares through an Employee Stock Purchase Plan indicates confidence in the company.
- The purchase price of $6.6725 per share through the ESPP suggests a favorable acquisition cost for the reporting person.
- The withholding of shares for tax obligations on April 2, 2026, is a standard procedure and does not represent a sale of shares by the reporting person.
Negatives
- The disposal of 2,512 shares on April 2, 2026, while for tax withholding, reduces the reporting person's direct share count.
Risks
- The filing does not explicitly mention any new or evolving risks.
- The value of restricted stock units and shares subject to vesting could be impacted by future stock price performance.
Future Outlook
The filing does not contain forward-looking statements or guidance.
Management Comments
- The purchase through the Employee Stock Purchase Plan is exempt from Section 16 of the Securities Exchange Act of 1934.
- The shares withheld on April 2, 2026, were to satisfy tax withholding obligations upon vesting of restricted stock units and do not represent a sale by the Reporting Person.
Industry Context
StockSavvy.ai notes that insider transactions, particularly purchases through employee plans and share withholdings for taxes, are common occurrences for executives in the semiconductor testing equipment industry. These filings provide transparency into executive compensation and ownership.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney | Gayn Erickson has granted a Power of Attorney to Chris Siu, Adil Engineer, and Vernon Rogers to execute and file Forms 3, 4, and 5 on his behalf. | 06/02/2023 | Standard practice to facilitate compliance with SEC filing requirements. |
Stakeholder Impact
- Shareholders: The transactions provide transparency into insider ownership and compensation practices.
- Employees: The Employee Stock Purchase Plan allows employees to acquire company stock, potentially aligning their interests with shareholders.
Next Steps
- Continued reporting of any future transactions by Gayn Erickson as required by Section 16 of the Securities Exchange Act of 1934.
Key Dates
| Date | Description |
|---|---|
| 06/02/2023 | Date of Power of Attorney document. |
| 04/01/2026 | Transaction Date: Purchase of common stock through Employee Stock Purchase Plan. |
| 04/02/2026 | Transaction Date: Disposal of common stock for tax withholding. |
| 04/02/2026 | Signature Date on Form 4. |
Keywords
Aehr Test Systems, AEHR, Form 4, Insider Trading, Stock Purchase, Employee Stock Purchase Plan, Restricted Stock Units, Tax Withholding, Beneficial Ownership, Gayn Erickson
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.