Form 4: Aehr Test Systems VP Alistair N. Sporck Reports Stock Transaction
SEC Form 4
Aehr Test Systems VP Alistair N. Sporck reports the withholding of shares to cover tax obligations and discloses beneficial ownership of common stock, including unvested restricted stock units.
Summary
- On April 29, 2024, Alistair N. Sporck, VP of Contractor Business Unit at Aehr Test Systems, reported a transaction involving common stock.
- 151 shares were disposed of to satisfy tax withholding obligations upon the vesting of restricted stock units at a price of $12.1 per share.
- Following the transaction, Sporck directly owns 16,772 shares of common stock, which includes shares subject to unvested restricted stock units.
- Sporck also indirectly owns 1,181 shares through a trust.
Sentiment
Score: 5
Explanation: This is a neutral report of a routine transaction. It doesn't indicate positive or negative sentiment about the company's performance.
Industry Context
This filing is a routine disclosure related to insider transactions and is required by the SEC to ensure transparency in the market.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it involves a small number of shares withheld for tax purposes.
Key Dates
| Date | Description |
|---|---|
| June 2, 2023 | Date of Power of Attorney execution. |
| April 29, 2024 | Date of stock transaction (disposal of shares for tax withholding). |
| April 30, 2024 | Date of signature for the report. |
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