[Form 4] Aehr Test Systems Insider Trading Activity

Rhea-AI Filing Summary

Synopsys, Inc. (SNPS) – SEC Form 3 filed for GC & Corporate Secretary Janet Lee. The filing is triggered by the 17 Jul 2025 completion of Synopsys’ merger with Ansys, Inc. Lee now reports:

• Common stock: 8,298 shares held directly.
• Converted Ansys RSUs → Synopsys RSUs:
  • 5,385 RSUs vest 31 Dec 2025.
  • 878 RSUs vest quarterly to 3 Mar 2026.
  • 4,894 RSUs vest quarterly to 1 Mar 2027.
  • 8,705 RSUs vest one-third on 16 Feb 2026, then quarterly to 16 Feb 2028.

The RSU conversion ratio was 0.6952; Ansys common shares were exchanged for 0.3399 SNPS shares plus $199.91 cash each. Lee files as a single reporting person and is classified as an officer, not a 10 % owner. No indirect holdings are disclosed.

Positive

• Merger completion confirmed: Filing states Ansys transaction closed 17 Jul 2025, a major strategic milestone for Synopsys.
• Aligned insider incentives: 19,862 RSUs vest over multiple years, incentivising long-term performance and retention of a key officer.

Negative

• None.

Insights

Securities Analyst

TL;DR – Filing shows officer alignment and confirms Ansys deal closed.

The Form 3 confirms the Ansys acquisition closed on 17 Jul 2025 and details the equity Lee received via share and RSU conversion. 8,298 direct shares and 19,862 time- and performance-based RSUs create a meaningful incentive stake. While purely administrative, the disclosure reinforces that merger consideration and equity rollover were executed as planned, reducing execution risk. Impact on valuation is indirect but positive for governance transparency.

Corporate Governance Expert

TL;DR – Initial insider filing signals post-merger ownership structure.

By promptly filing Form 3, Synopsys meets Section 16 requirements and provides investors visibility into insider holdings after the transformative Ansys merger. Lee’s sizable RSU package, with vesting extending to 2028, ties key legal leadership to long-term performance. No red flags—no complex indirect vehicles, no short-term vesting accelerations. Overall, the filing is routine but reassuring for compliance.

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).

1. Name and Address of Reporting Person^*

POSEDEL RHEA J

(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
	Officer (give title below)		Other (specify below)
	Director

3. Date of Earliest Transaction (Month/Day/Year)
07/22/2025

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	07/22/2025		M		18,000	A	$2.4	89,163	D
Common Stock	07/22/2025		S		18,000	D	$19.8318	71,163(1)	D
Common Stock								470,977	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
Non-Qualified Option (right to buy)	$2.4	07/22/2025		M			18,000	09/17/2018	08/17/2025	Common Stock	18,000	$0	0	D

Explanation of Responses:

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

Remarks:

	/s/Chris Siu, Attorney-in-Fact	07/24/2025
	** 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

When did Synopsys (SNPS) complete its merger with Ansys?

The merger closed on July 17 2025.

How many Synopsys common shares does officer Janet Lee now own?

She holds 8,298 shares directly.

What RSU awards were converted for Janet Lee post-merger?

Four Synopsys RSU grants totaling 19,862 shares, vesting between 2025-2028, replaced her former Ansys RSUs.

What was the consideration for each Ansys share in the merger?

Each Ansys share was exchanged for 0.3399 SNPS shares plus $199.91 cash (cash in lieu of fractional shares).

Is Janet Lee a 10% owner of Synopsys?

No. The Form 3 lists her solely as an officer (GC & Corporate Secretary).