AEHR Insider Purchase: 184 Shares via ESPP; Beneficial Ownership Updated

Rhea-AI Filing Summary

Insider purchase reported: Alberto Salamone, listed as Executive Vice President, PPBI Business, reported acquiring 184 shares of AEHR Test Systems common stock on 10/01/2025 at a price of $6.6725 per share under the companyAmended and Restated 2006 Employee Stock Purchase Plan. The filing states the purchase is a tax-conditioned plan under Internal Revenue Code Section 423 and is exempt from Section 16 short-swing liability. After the transaction, Salamone is reported to beneficially own 78,533 shares, a total that includes shares subject to unvested restricted stock units. The Form 4 was executed by an attorney-in-fact, Chris Siu, on 10/01/2025.

Positive

• Executive purchase disclosed: 184 shares acquired at $6.6725 through the company's ESPP on 10/01/2025
• Regulatory exemption confirmed: Purchase identified as a Section 423 tax-conditioned plan, exempting it from six-month short-swing liability
• Comprehensive beneficial ownership: Report states total beneficial ownership of 78,533 shares, including unvested restricted stock units

Negative

• None.

Insights

Securities Analyst

TL;DR: A routine ESPP purchase by an executive increased reported beneficial ownership to 78,533 shares; transaction exempt under Section 423.

The report documents a small open-market acquisition through AEHR's Employee Stock Purchase Plan, showing the executive purchased 184 shares at $6.6725 each. The filing explicitly states the purchase is a "tax-conditioned plan" under IRC Section 423, which removes potential six-month short-swing liability under Section 16. The disclosed beneficial ownership amount includes unvested restricted stock units, which affects voting and economic interest disclosure but may not indicate immediate liquidity or transferability. The filing was submitted via attorney-in-fact signature.

Corporate Governance Expert

TL;DR: Disclosure is complete for this transaction: ESPP purchase, exemption noted, and inclusion of unvested RSUs in beneficial ownership.

The Form 4 clearly identifies the reporting persons role as EVP and provides transaction details: date, number of shares, and price. Noting the IRC Section 423 status is important because it clarifies the regulatory treatment of the purchase. Inclusion of unvested restricted stock units in the reported beneficial ownership is properly disclosed and important for understanding total reported exposure. The filing follows required signatures via an attorney-in-fact.

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^*

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)
10/01/2025

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	10/01/2025		J		184(1)	A	$6.6725	78,533(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. 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.

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

Remarks:

	/s/Chris Siu, Attorney-in-Fact	10/01/2025
	** 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 insider Alberto Salamone do on 10/01/2025 (AEHR)?

He purchased 184 shares of AEHR common stock at $6.6725 per share under the company's Employee Stock Purchase Plan.

Is the ESPP purchase by the AEHR insider subject to Section 16 short-swing rules?

No. The filing states the purchase is part of a "tax-conditioned plan" under Internal Revenue Code Section 423, which the filing says is exempt from six-month short-swing liability.

How many AEHR shares does Alberto Salamone beneficially own after the transaction?

The Form 4 reports beneficial ownership of 78,533 shares, which the filing says includes shares subject to unvested restricted stock units.

Who signed the Form 4 for this AEHR filing?

The filing was executed by Chris Siu, Attorney-in-Fact, with the signature dated 10/01/2025.

What price was paid by the insider for the AEHR shares in this filing?

The reported purchase price was $6.6725 per share.