David S. Hendrickson - 04 Nov 2021 Form 4 Insider Report for AEHR TEST SYSTEMS (AEHR)

Role
CTO
Signature
/s/ Kenneth B. Spink, Attorney-in-fact
Issuer symbol
AEHR
Transactions as of
04 Nov 2021
Net transactions value
-$574,500
Form type
4
Filing time
08 Nov 2021, 17:15:52 UTC
Previous filing
15 Oct 2021
Next filing
17 Nov 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AEHR Common Stock Options Exercise $52,500 +25,000 +56% $2.10* 69,402 04 Nov 2021 Direct
transaction AEHR Common Stock Sale $627,000 -25,000 -36% $25.08 44,402 04 Nov 2021 Direct F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction AEHR Incentive Stock Option (right to buy) Options Exercise $0 -25,000 -100% $0.000000* 0 04 Nov 2021 Common Stock 25,000 $2.10 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $24.5718 to $25.5069, inclusive. The reporting person undertakes to provide to Aehr Test Systems, any security holder of Aehr Test Systems, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth above.
F2 The amount reported includes shares subject to unvested restricted stock units.
F3 One forty-eighth (1/48) of the total number of shares became exercisable on this date and an additional one forty-eighth (1/48) of the total number of shares became exercisable each month thereafter.

Remarks:

Ex. 24-Power of Attorney