AEHR CEO shares withheld for tax obligations
AEHR Test Systems President and CEO Gayn Erickson reported routine share movements tied to equity compensation and tax obligations.
Rhea-AI Filing Summary
AEHR Test Systems President and CEO Gayn Erickson reported routine share movements tied to equity compensation and tax obligations. On one date, 2,512 shares of common stock were withheld at $44.32 per share to cover tax liabilities upon vesting of restricted stock units, which a footnote clarifies does not represent a sale by him. A separate entry records 2,131 shares at $6.6725 per share as an “other” transaction, with a footnote noting certain shares were purchased through the company’s Amended and Restated 2006 Employee Stock Purchase Plan. Following these events, Erickson holds 250,918 shares directly and 291,628 shares indirectly through a trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Erickson Gayn
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 2,512 | $44.32 | $111K |
| Other | Common Stock | 2,131 | $6.6725 | $14K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 250,918 shares (Direct);
Common Stock — 291,628 shares (Indirect, By Trust)
Footnotes (3)
- F1. These shares have been purchased through the Company's Amended and Restated 2006 Employee Stock Purchase Plan, a "tax-conditioned plan" per Internal Revenue Code Section 423. This purchase is exempt from Section 16 of the Securities Exchange Act of 1934 regarding liabilities arising from six-month short-swing transactions in the Company's securities.
- F2. The amount reported includes shares subject to unvested restricted stock units and unvested restricted shares.
- F3. Represents shares that were withheld to satisfy tax withholding obligations upon vesting of restricted stock units. This does not represent a sale by the Reporting Person.
Key Figures
Tax withholding shares: 2,512 shares
Tax withholding price: $44.32/share
Other transaction shares: 2,131 shares
+3 more
6 metrics
Tax withholding shares
2,512 shares
Withheld to satisfy tax obligations at $44.32 per share
Tax withholding price
$44.32/share
Price applied to RSU-related tax withholding shares
Other transaction shares
2,131 shares
Recorded as other acquisition or disposition at $6.6725 per share
Other transaction price
$6.6725/share
Price for shares in the other transaction entry
Direct holdings after transactions
250,918 shares
Direct AEHR common stock owned after reported events
Indirect trust holdings
291,628 shares
AEHR common stock held indirectly by trust
Key Terms
restricted stock units, Employee Stock Purchase Plan, tax-conditioned plan, Section 16, +2 more
6 terms
restricted stock units financial
"Represents shares that were withheld to satisfy tax withholding obligations upon vesting of restricted stock units."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Employee Stock Purchase Plan financial
"These shares have been purchased through the Company's Amended and Restated 2006 Employee Stock Purchase Plan, a "tax-conditioned plan"..."
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
tax-conditioned plan financial
"Amended and Restated 2006 Employee Stock Purchase Plan, a "tax-conditioned plan" per Internal Revenue Code Section 423."
Section 16 regulatory
"This purchase is exempt from Section 16 of the Securities Exchange Act of 1934 regarding liabilities arising from six-month short-swing transactions..."
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
short-swing transactions regulatory
"exempt from Section 16 of the Securities Exchange Act of 1934 regarding liabilities arising from six-month short-swing transactions in the Company's securities."
tax withholding obligations financial
"Represents shares that were withheld to satisfy tax withholding obligations upon vesting of restricted stock units."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did AEHR CEO Gayn Erickson report in this Form 4 filing?
The filing shows routine equity-compensation-related activity. Shares were withheld to cover taxes on restricted stock unit vesting and an “other” stock transaction occurred, while Erickson’s direct and indirect ownership levels in AEHR Test Systems were updated accordingly.
What is the ‘other’ transaction in AEHR CEO Gayn Erickson’s Form 4?
The Form 4 lists an “other” transaction involving 2,131 common shares at $6.6725 per share. A related footnote notes certain shares were purchased through AEHR’s Amended and Restated 2006 Employee Stock Purchase Plan, a tax-conditioned plan under Internal Revenue Code Section 423.
AI-generated analysis. How Rhea-AI works. Not financial advice.
