[Form 4] AEHR TEST SYSTEMS Insider Trading Activity
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Aehr Test Systems VP Alistair N. Sporck reported routine share movements involving compensation and employee purchase activity. On April 2, 298 shares of common stock at $44.32 per share were withheld to satisfy tax obligations upon vesting of restricted stock units, which the company states does not represent a sale. After this, he held 24,855 shares directly, including shares subject to unvested restricted stock units. On April 1, a separate 1,963-share transaction at $6.6725 per share, held indirectly by a trust, reflects shares purchased through the company’s employee stock purchase plan, which is described as a tax-conditioned plan exempt from certain Section 16 short-swing liability, with 7,177 shares held indirectly following that transaction.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
SPORCK ALISTAIR N
Role
VP Contactor Business Unit
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 298 | $44.32 | $13K |
| Other | Common Stock | 1,963 | $6.6725 | $13K |
Holdings After Transaction:
Common Stock — 24,855 shares (Direct);
Common Stock — 7,177 shares (Indirect, By Trust)
Footnotes (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. These shares have been purchased through the Company's Amended and Restated 2006 Employee Stock Purchase Plan, a "tax-conditioned plan" per Internal Revenue Code Section 423. This purchase is exempt from Section 16 of the Securities Exchange Act of 1934 regarding liabilities arising from six-month short-swing transactions in the Company's securities.
Key Figures
Tax withholding shares: 298 shares at $44.32
Direct holdings after tax withholding: 24,855 shares
ESPP-related shares: 1,963 shares at $6.6725
+3 more
6 metrics
Tax withholding shares
298 shares at $44.32
Shares withheld for RSU tax obligations on April 2
Direct holdings after tax withholding
24,855 shares
Direct common stock position following April 2 transaction
ESPP-related shares
1,963 shares at $6.6725
Employee Stock Purchase Plan transaction on April 1
Indirect trust holdings
7,177 shares
Common stock held indirectly by trust after April 1 transaction
Tax withholding total
298 shares
Tax-withholding shares summarized in transactionSummary
Restructuring shares
1,963 shares
Other transaction (restructuring) shares summarized in transactionSummary
Key Terms
restricted stock units, tax-conditioned plan, Employee Stock Purchase Plan, Section 16, +1 more
5 terms
restricted stock units financial
"Represents shares that were withheld to satisfy tax withholding obligations upon vesting of restricted stock units."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax-conditioned plan financial
"a "tax-conditioned plan" per Internal Revenue Code Section 423."
Employee Stock Purchase Plan financial
"These shares have been purchased through the Company's Amended and Restated 2006 Employee Stock Purchase Plan"
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
Section 16 regulatory
"This purchase is exempt from Section 16 of the Securities Exchange Act of 1934"
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
short-swing transactions regulatory
"regarding liabilities arising from six-month short-swing transactions in the Company's securities."
FAQ
What transactions did AEHR VP Alistair Sporck report in this Form 4?
Alistair Sporck reported two routine transactions: 298 shares withheld for tax obligations on RSU vesting and a 1,963-share transaction through the employee stock purchase plan held indirectly by a trust, both involving Aehr Test Systems common stock.
How are indirect AEHR holdings by trust disclosed for Alistair Sporck?
Indirect holdings are shown as 7,177 Aehr shares following the 1,963-share transaction, with the Form 4 identifying ownership as "By Trust," indicating the shares are held through a trust rather than directly in Sporck’s own name.