Aehr (NASDAQ: AEHR) CEO has 851 shares withheld to cover tax bill
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
AEHR TEST SYSTEMS President and CEO Gayn Erickson had 851 shares of common stock withheld at $88.48 per share to cover tax obligations when restricted stock units vested. This was a tax-withholding event, not an open-market sale.
After this transaction, Erickson holds 184,660 shares directly. An additional 197,723 shares are held indirectly by a trust, and this indirect amount includes shares subject to unvested restricted stock units and unvested restricted shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Erickson Gayn
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 851 | $88.48 | $75K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 184,660 shares (Direct, null);
Common Stock — 197,723 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 and unvested restricted shares.
Key Figures
Tax-withheld shares: 851 shares
Withholding price: $88.48 per share
Direct holdings after transaction: 184,660 shares
+2 more
5 metrics
Tax-withheld shares
851 shares
Withheld to satisfy tax obligations on RSU vesting
Withholding price
$88.48 per share
Value used for tax-withholding shares
Direct holdings after transaction
184,660 shares
Direct AEHR common stock owned by Erickson after withholding
Indirect trust holdings
197,723 shares
Held by trust, includes unvested RSUs and unvested restricted shares
Tax withholding transactions
1 transaction, 851 shares
Summary of F-code tax-withholding disposition in this Form 4
Key Terms
restricted stock units, tax withholding obligations, unvested restricted shares, Form 4
4 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 withholding obligations financial
"Represents shares that were withheld to satisfy tax withholding obligations upon vesting of restricted stock units."
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What did AEHR CEO Gayn Erickson report in this Form 4?
Gayn Erickson reported a tax-related share withholding, where 851 AEHR shares were withheld at $88.48 per share to satisfy tax obligations on vested restricted stock units, rather than being sold in the open market.
What are Erickson’s indirect AEHR holdings reported in the Form 4?
The Form 4 reports 197,723 AEHR shares held indirectly by a trust. According to the footnote, this indirect amount includes shares subject to unvested restricted stock units and unvested restricted shares in addition to any vested holdings.
Does the AEHR Form 4 show an open-market sale by the CEO?
No, the filing explicitly states the 851-share transaction represents shares withheld for tax obligations upon vesting of restricted stock units. The footnote clarifies that this withholding does not represent a sale by Gayn Erickson.