STOCK TITAN

AEHR Insider Filing Shows Routine RSU Tax Withholding, Neutral Impact

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

Rhea-AI Filing Summary

On 07/11/2025, Aehr Test Systems (AEHR) filed a Form 4 detailing a routine Code F transaction by Vice President Alistair N. Sporck. The company withheld 312 common shares at an implied price of $14.11 to satisfy tax obligations triggered by the vesting of restricted stock units (RSUs); no open-market sale occurred. After the withholding, Sporck’s direct ownership totals 33,808 shares, with an additional 3,993 shares held indirectly through a trust. The total includes unvested RSUs, and no derivative securities were involved. Because the activity is purely administrative and does not alter the insider’s investment exposure, the filing is viewed as neutral for investors.

Positive

  • Insider retains 33,808 direct shares, maintaining strong alignment with shareholder interests.

Negative

  • No open-market insider purchase; therefore, the filing does not provide a bullish signal.

Insights

TL;DR Routine RSU tax-withholding; insider still holds 33.8k shares; no meaningful market signal.

The Code F designation indicates shares withheld by the issuer to cover taxes at vesting, not an elective sale. Sporck retains a sizeable position—roughly 37.8 k shares combined—suggesting continued alignment with shareholder interests. Absence of derivative activity reinforces the administrative nature. Given the small quantity (312 shares) relative to the insider’s total holdings and AEHR’s daily trading volume, price impact is negligible. Investors should treat the event as housekeeping rather than an indicator of sentiment.

Insider SPORCK ALISTAIR N
Role VP Contactor Business Unit
Type Security Shares Price Value
Tax Withholding Common Stock 312 $14.11 $4K
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 33,808 shares (Direct); Common Stock — 3,993 shares (Indirect, By Trust)
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*
SPORCK ALISTAIR N

(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)
VP Contactor Business Unit
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 312(1) D $14.11 33,808(2) D
Common Stock 3,993 I By Trust
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 type of insider transaction did AEHR report on 07/11/2025?

A Code F withholding of 312 shares to cover taxes on vested RSUs.

How many shares were withheld and at what price?

312 shares at an implied price of $14.11 per share.

How many AEHR shares does VP Alistair Sporck now own?

He owns 33,808 shares directly and 3,993 shares indirectly via a trust.

Were any derivative securities involved in the filing?

No, the Form 4 shows no derivative transactions.

Does the transaction indicate insider confidence or concern?

It is neutral; shares were withheld for tax purposes, not bought or sold on the open market.