Aehr Test Systems insider gift of 639 shares; ownership includes RSUs

Rhea-AI Filing Summary

A director of Aehr Test Systems (AEHR) reported a donation of 639 shares of common stock on 09/02/2025 using a Form 4 disclosure. The reported disposition was coded as a gift (transaction code G) with no cash proceeds ($0). After the donation, the reporting person beneficially owned 229,328 shares, an amount the filer notes includes unvested restricted stock units. The filing lists the reporting person as a director and shows the shares were donated to the California Association of CASAs, indicating a charitable transfer rather than a market sale.

Insights

Financial Analyst

TL;DR: Small charitable donation by a director; immaterial to company capitalization or control.

The director's disposition of 639 shares via a gift does not change overall ownership meaningfully versus the reported 229,328 shares still beneficially owned. The report clarifies that the retained amount includes unvested restricted stock units, which helps interpret voting/ownership rights. There is no cash proceeds impact and no indication of sale pressure. From a market-impact perspective this disclosure is routine and unlikely to affect AEHR's valuation or liquidity.

Corporate Governance Expert

TL;DR: Disclosure meets Section 16 transparency; charitable transfer is customary and non-material.

The Form 4 properly documents a director-level transaction and cites transaction code G for a gift, and provides an explanation that the shares were donated to a named charity. The filing also notes that the beneficial ownership figure includes unvested RSUs, which is useful for assessing actual vested voting power. This is a standard insider disclosure with no governance red flags or indications of insider liquidity events beyond philanthropy.

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
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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^*

SLAYEN HOWARD T

(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)
09/02/2025

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	09/02/2025		G		639(1)	D	$0	229,328(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. The shares were donated to California Association of CASAs.

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

Remarks:

	/s/Chris Siu, Attorney-in-Fact	09/02/2025
	** 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 director Howard Slayen report on Form 4?

The director reported a disposition of 639 shares as a gift (code G) on 09/02/2025, with $0 proceeds.

How many AEHR shares does the reporting person own after the reported transaction?

The filing reports 229,328 shares beneficially owned after the transaction, including unvested restricted stock units.

To whom were the 639 AEHR shares donated?

The filer states the shares were donated to the California Association of CASAs.

Does the Form 4 show any sales or cash proceeds from the transaction?

No. The transaction is coded as a gift with reported price $0, indicating no cash proceeds.

Does the transaction materially affect AEHR ownership or control?

No. The donation of 639 shares is small relative to the reported 229,328 shares and is unlikely to materially affect ownership or control.