STOCK TITAN

Aehr Test Systems insider files Form 4 for routine RSU tax withholding

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Form 4 filing overview

On 07/11/2025, Aehr Test Systems (AEHR) Chief Technology Officer Donald P. Richmond II reported a tax-related share withholding. The company retained 225 shares of common stock at $14.11 each to satisfy withholding obligations triggered by the vesting of restricted stock units. This administrative entry is coded “F,” indicating no open-market sale or purchase. After the transaction, Richmond’s direct ownership totals 215,505 shares, a figure that still includes unvested RSUs. No derivative security movements were disclosed.

The 225-share amount represents far less than 1 % of the insider’s holdings and does not alter the company’s share count or insider ownership structure in any material way, suggesting a neutral impact for investors.

Positive

  • None.

Negative

  • None.

Insights

TL;DR: 225-share RSU tax withholding; immaterial and routine—no investment thesis change.

The Form 4 shows CTO Donald P. Richmond II surrendering 225 AEHR shares to the company at $14.11 to cover taxes on vested RSUs. Code “F” confirms this is a non-discretionary, payroll-like event rather than a market sale. Post-transaction ownership stands at 215,505 shares, maintaining significant alignment with shareholder interests. No options, warrants, or additional equity instruments were exercised or disposed. Given the tiny volume relative to both insider holdings and AEHR’s float, the filing carries negligible valuation or sentiment implications. I therefore classify the disclosure as routine and not impactful.

Insider RICHMOND DONALD P. II
Role CTO
Type Security Shares Price Value
Tax Withholding Common Stock 225 $14.11 $3K
Holdings After Transaction: Common Stock — 215,505 shares (Direct)
Footnotes (1)
  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. The amount reported includes shares subject to unvested restricted stock units.
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*
RICHMOND DONALD P. II

(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)
CTO
3. Date of Earliest Transaction (Month/Day/Year)
07/11/2025
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 07/11/2025 F 225(1) D $14.11 215,505(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:
/s/Chris Siu, Attorney-in-Fact 07/11/2025
** 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's CTO report in the latest Form 4?

He withheld 225 shares of common stock at $14.11 to pay taxes on vested RSUs.

Did the insider sell AEHR shares on the open market?

No. Code “F” indicates shares were withheld by the company; there was no open-market sale.

How many AEHR shares does Donald P. Richmond II now own?

He directly owns 215,505 shares, including unvested restricted stock units.

Are any derivative securities involved in this filing?

No derivative securities were acquired, disposed of, or outstanding in this Form 4.

Is the reported transaction material to AEHR investors?

The 225-share withholding is immaterial and considered routine insider activity.