Aehr Test Systems (AEHR) director amends filing for 10,000-share gift
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
Aehr Test Systems director Geoffrey Scott Gates filed an amended insider report updating how a prior transaction was classified. The amendment corrects the transaction code from F to G, confirming a bona fide gift of 10,000 shares of Common Stock held indirectly through a trust. After this gift, he reports 40,686 shares held indirectly by a trust, 50,000 shares held indirectly by his spouse, and 52,864 shares held directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
10,000 shares gifted
Mixed
3 txns
Insider
SCOTT GEOFFREY GATES
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 10,000 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 40,686 shares (Indirect, By Trust);
Common Stock — 52,864 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Gifted shares: 10,000 shares
Indirect trust holdings after gift: 40,686 shares
Indirect spouse holdings: 50,000 shares
+2 more
5 metrics
Gifted shares
10,000 shares
Bona fide gift of Common Stock, code G
Indirect trust holdings after gift
40,686 shares
Common Stock held indirectly by trust after transaction
Indirect spouse holdings
50,000 shares
Common Stock held indirectly by spouse
Direct holdings after transactions
52,864 shares
Common Stock held directly after reported entries
Gift price per share
$0.00
Reported price for bona fide gift transaction
Key Terms
bona fide gift, transaction code, indirect, By Trust, +1 more
5 terms
bona fide gift financial
"transaction_code_description": "Bona fide gift""
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
transaction code regulatory
"Column 3 of Table I, transaction code previously reported code F; the correct transaction code is code G."
indirect financial
""ownership_type": "indirect""
By Trust financial
""nature_of_ownership": "By Trust""
By Spouse financial
""nature_of_ownership": "By Spouse""
FAQ
What did AEHR director Geoffrey Scott Gates report in this Form 4/A?
He reported an amendment correcting a prior insider transaction. The filing reclassifies a previously reported event as a bona fide gift of 10,000 Common Stock shares held indirectly through a trust.
Why was the AEHR Form 4 amended for Geoffrey Scott Gates?
The Form 4 was amended to correct the transaction code reported earlier. A transaction previously shown as code F was updated to code G, confirming it was a bona fide gift, not a tax-withholding disposition.
What indirect AEHR holdings does Geoffrey Scott Gates report after the amendment?
After the amendment, he reports 40,686 shares held indirectly by a trust and 50,000 shares held indirectly by his spouse. These positions are separate from his directly held Aehr Test Systems shares.