Michael A. Brannan - 09 Dec 2021 Form 4 Insider Report for AEHR TEST SYSTEMS (AEHR)

Role: V.P. of Operations
Signature: /s/ Michael A. Brannan
Issuer symbol: AEHR
Transactions as of: 09 Dec 2021
Net transactions value: +$3,812
Form type: 4
Filing time: 13 Dec 2021, 14:17:17 UTC
Previous filing: 15 Oct 2021
Next filing: 14 Jan 2022
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	$3,812	+3,125	+12%	$1.22^*	28,846	09 Dec 2021	Direct	F1

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	-3,125	-6.7%	$0.000000	43,750	09 Dec 2021	Common Stock	3,125	$1.22	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The amount reported includes shares subject to unvested restricted stock units.
F2	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.