[Form 4] Aehr Test Systems Insider Trading Activity

Rhea-AI Filing Summary

AEHR Test Systems (AEHR) filed a Form 4 for EVP Alberto Salamone. On 08/01/2025, 186 common shares were withheld (code “F”) at $16.84 each—about $3.1 k—to cover taxes due on the vesting of restricted stock units. Such F-code transactions are executed by the company and are not open-market sales, so they do not reflect discretionary selling by the insider.

Following the withholding, Salamone directly owns 78,349 shares, which still include unvested RSUs; no derivative securities were reported. The change is immaterial to both his ownership percentage and the company’s share count. The filing is therefore routine and has neutral investment impact.

Insights

Securities Analyst

TL;DR – Routine tax withholding; no market signal.

The Form 4 shows a standard F-code transaction, meaning shares were automatically retained by AEHR to settle payroll taxes on vested RSUs. Because the insider neither bought nor sold shares voluntarily, there is no directional insight into management’s sentiment. Post-transaction ownership remains sizable at 78 k shares, implying continued alignment with shareholders. No derivatives, options, or 10b5-1 trades were involved, so liquidity or governance risk is minimal.

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^*

SALAMONE ALBERTO

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, PPBI BUSINESS

3. Date of Earliest Transaction (Month/Day/Year)
08/01/2025

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	08/01/2025		F		186(1)	D	$16.84	78,349(2)	D

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. This does not represent a sale by the Reporting Person.

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

Remarks:

Exhibit 24: Power of Attorney

	/s/ Chris Siu, Attorney-in-fact	08/05/2025
	** 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.

FAQ

What did AEHR EVP Alberto Salamone report in the Form 4?

He reported 186 shares withheld on 08/01/2025 to pay taxes on vested RSUs.

Was this an open-market sale of AEHR stock?

No. The F-code indicates shares were withheld by the company, not sold on the open market.

At what price were the shares valued?

The withholding price was $16.84 per share.

How many AEHR shares does Salamone now own?

He directly owns 78,349 shares, including unvested RSUs.

Does the filing impact AEHR’s outlook?

The transaction is routine and neutral; it doesn’t alter AEHR’s fundamentals or guidance.