Michael A. Brannan - Jan 20, 2022 Form 4 Insider Report for AEHR TEST SYSTEMS (AEHR)

Role
V.P. of Operations
Signature
/s/ Michael A. Brannan
Stock symbol
AEHR
Transactions as of
Jan 20, 2022
Transactions value $
-$185,803
Form type
4
Date filed
1/24/2022, 03:00 PM
Previous filing
Jan 14, 2022
Next filing
Jan 27, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AEHR Common Stock Options Exercise $3.81K +3.13K +10.93% $1.22* 31.7K Jan 20, 2022 Direct
transaction AEHR Common Stock Sale -$190K -15.4K -48.39% $12.35 16.4K Jan 20, 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 -3.13K -7.14% $0.00 40.6K Jan 20, 2022 Common Stock 3.13K $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.