Form 4: Aehr Test Systems VP Alistair N. Sporck Reports Tax Withholding Transaction
SEC Form 4 Filing
Alistair N. Sporck, VP of Contractor Business Unit at Aehr Test Systems, reports a transaction related to tax withholding obligations upon vesting of restricted stock units.
Summary
- Alistair N. Sporck, a VP at Aehr Test Systems, filed a Form 4 on October 18, 2024.
- The filing reports a transaction where 335 shares of common stock were disposed of to satisfy tax withholding obligations upon the vesting of restricted stock units at a price of $15.68.
- Following the transaction, Sporck directly owns 23,779 shares and indirectly owns 2,030 shares through a trust.
- The filing also includes a power of attorney document, effective June 2, 2023, authorizing certain individuals to execute and file forms related to Section 16 reporting requirements on Sporck's behalf.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to insider transactions. It doesn't convey any particularly positive or negative sentiment.
Industry Context
This filing is a routine part of compliance with SEC regulations regarding insider trading and beneficial ownership reporting.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is related to tax obligations.
Key Dates
| Date | Description |
|---|---|
| 2023-06-02 | Date of execution for the Power of Attorney. |
| 2024-10-18 | Date of the reported transaction (disposal of shares for tax withholding). |
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