Aehr director amends Form 4 stock sales
Aehr Test Systems director Geoffrey Scott Gates filed an amended Form 4 to correct details of previously reported stock sales on April 9, 2026.
Rhea-AI Filing Summary
Aehr Test Systems director Geoffrey Scott Gates filed an amended Form 4 to correct details of previously reported stock sales on April 9, 2026. The amendment updates share counts and prices for his spouse’s indirect open-market sales of company common stock.
The corrected data show three sales totaling 40,000 shares of common stock at prices of $68.00, $68.12, and $67.79 per share. After these transactions, his spouse held 100,000 shares indirectly, while he also held 52,864 shares directly and 60,686 shares indirectly through a trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 40,000 shares
Net Sell
5 txns
Insider
SCOTT GEOFFREY GATES
Role
Director
Sold
40,000 shs ($2.72M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 5,000 | $68.00 | $340K |
| Sale | Common Stock | 25,000 | $68.12 | $1.70M |
| Sale | Common Stock | 10,000 | $67.79 | $678K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 100,000 shares (Indirect, By Spouse);
Common Stock — 52,864 shares (Direct);
Common Stock — 60,686 shares (Indirect, By Trust)
Footnotes (4)
- F1. This amendment is being filed to correct price reported on the Form 4 filed on 4/10/2026. Column 4 of Table I, price previously reported $67.75; the correct price is $68.12.
- F2. This amendment is being filed to correct Security Disposed on the Form 4 filed on 4/10/2026. Column 4 of Table I, amount previously reported 5,000; the correct amount is 10,000.
- F3. This amendment is being filed to correct price reported on the Form 4 filed on 4/10/2026. Column 4 of Table I, price previously reported $67.90; the correct price is $67.79.
- F4. This amendment is being filed to correct the amount of securities beneficially owned following the transaction reported on the Form 4 filed on 4/10/2026. Column 5 of Table I previously reported 105,000 shares; the correct amount is 100,000 shares.
Key Figures
Total shares sold: 40,000 shares
First sale block: 5,000 shares at $68.00
Second sale block: 25,000 shares at $68.12
+5 more
8 metrics
Total shares sold
40,000 shares
Net open-market sales on April 9, 2026
First sale block
5,000 shares at $68.00
Common Stock, spouse’s indirect holding
Second sale block
25,000 shares at $68.12
Corrected price per amendment footnote
Third sale block
10,000 shares at $67.79
Corrected price per amendment footnote
Spouse indirect holding
100,000 shares
Beneficially owned following transactions
Direct holding
52,864 shares
Director’s direct ownership after transactions
Trust indirect holding
60,686 shares
Indirect ownership by trust after transactions
Net buy/sell direction
-40,000 shares
Net-sell across reported transactions
Key Terms
open-market sale, indirect ownership, beneficially owned, Form 4 amendment, +1 more
5 terms
open-market sale financial
"transaction_action: "open-market sale" and description of sale in open market"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
indirect ownership financial
"ownership_type: "indirect" and nature_of_ownership fields for spouse and trust"
beneficially owned financial
"footnote: "amount of securities beneficially owned following the transaction""
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
Form 4 amendment regulatory
"footnotes state "This amendment is being filed to correct" the Form 4"
By Trust financial
"nature_of_ownership: "By Trust" for one indirect holding entry"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider activity did AEHR director Geoffrey Scott Gates report?
Geoffrey Scott Gates reported corrected insider sales related to his spouse’s holdings. The amended Form 4 shows three open-market sales totaling 40,000 Aehr Test Systems shares on April 9, 2026, with updated share amounts and per-share prices reflecting accurate transaction details.
What sale prices were corrected in the AEHR Form 4/A amendment?
The amendment corrects earlier reported prices to $68.12 and $67.79 per share for two of the transactions. It also confirms another sale at $68.00 per share, ensuring the reported open-market sale prices match the actual executed trade prices for each block.
Why was an amendment to the original AEHR Form 4 necessary?
The amendment was filed to correct previously reported trade prices, share amounts, and post-transaction ownership totals. Footnotes explain that the original Form 4 had errors in column 4 prices, the number of securities disposed, and the number of shares beneficially owned after the transactions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
