[Form 4] Aehr Test Systems Insider Trading Activity

Rhea-AI Filing Summary

Aehr Test Systems (AEHR) filed a Form 4 disclosing an insider equity transaction by President & CEO Gayn Erickson on 14 July 2025. The filing reports a Code F disposition of 4,518 common shares at an accounting price of $13.86 per share. Code F indicates the shares were withheld by the company to satisfy tax obligations triggered by the vesting of restricted stock units (RSUs) and restricted shares; it is not an open-market sale.

Following the withholding, Erickson’s direct ownership stands at 272,511 shares, while an additional 291,088 shares are held indirectly through a trust, for an aggregate insider position of roughly 563,599 shares. No derivative securities were acquired or disposed of, and no 10b5-1 trading plan was indicated.

The transaction represents a minor 0.8% reduction of Erickson’s total reported holdings and is routine for RSU vesting events. Investors typically view Code F tax-withholding transactions as neutral because they do not reflect an active decision to sell in the open market.

Insights

Financial Analyst

TL;DR – Routine tax-withholding; no signal on insider sentiment.

The Form 4 shows CEO Gayn Erickson surrendered 4,518 AEHR shares to cover taxes on vested RSUs at $13.86. Because Code F denotes share withholding, cash never hit the insider’s account and the float did not change. Post-transaction ownership remains substantial at 272,511 direct shares plus 291,088 held via trust. No derivatives or 10b5-1 plan were reported. Given the small size (~0.8% of total insider stake) and mechanical nature, I classify the filing as neutral for share-price outlook and insider‐sentiment analysis.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Erickson Gayn

Role President and CEO

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	4,518	$13.86	$63K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 272,511 shares (Direct); Common Stock — 291,088 shares (Indirect, By Trust)

Footnotes (1)

1. Represents shares that were withheld to satisfy tax withholding obligations upon vesting of restricted stock units and restricted shares. This does not represent a sale by the Reporting Person. The amount reported includes shares subject to unvested restricted stock units and unvested restricted shares.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 07/14/2025 - 06:42 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Erickson Gayn

(Last) (First) (Middle)

C/O AEHR TEST SYSTEMS

400 KATO TERRACE

(Street)

FREMONT CA 94539

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
AEHR TEST SYSTEMS [ AEHR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President and CEO

3. Date of Earliest Transaction (Month/Day/Year)
07/14/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	07/14/2025		F		4,518(1)	D	$13.86	272,511(2)	D
Common Stock								291,088	I	By Trust

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents shares that were withheld to satisfy tax withholding obligations upon vesting of restricted stock units and restricted shares. This does not represent a sale by the Reporting Person.

2. The amount reported includes shares subject to unvested restricted stock units and unvested restricted shares.

Remarks:

	/s/Chris Siu, Attorney-in-Fact	07/14/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.