Michael A. Brannan - 20 Jan 2022 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: 20 Jan 2022
Net transactions value: -$185,803
Form type: 4
Filing time: 24 Jan 2022, 15:00:58 UTC
Previous filing: 14 Jan 2022
Next filing: 27 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	+11%	$1.22^*	31,723	20 Jan 2022	Direct
transaction	AEHR	Common Stock	Sale	$189,615	-15,350	-48%	$12.35	16,373	20 Jan 2022	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	-3,125	-7.1%	$0.000000	40,625	20 Jan 2022	Common Stock	3,125	$1.22	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 $12.20 to $12.66, 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.