Gayn Erickson - Jul 1, 2022 Form 4 Insider Report for AEHR TEST SYSTEMS (AEHR)

Role
President and CEO, Director
Signature
/s/ Kenneth B. Spink, Attorney-in-fact
Stock symbol
AEHR
Transactions as of
Jul 1, 2022
Transactions value $
$93,352
Form type
4
Date filed
7/5/2022, 09:47 PM
Previous filing
Apr 20, 2022
Next filing
Jul 14, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AEHR Common Stock Options Exercise $46.4K +27.6K +5.44% $1.68* 535K Jul 1, 2022 Direct
transaction AEHR Common Stock Options Exercise $47K +28.7K +5.37% $1.64* 564K Jul 1, 2022 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 -28.7K -44.93% $0.00 35.2K Jul 1, 2022 Common Stock 28.7K $1.64 Direct F2
transaction AEHR Incentive Stock Option (right to buy) Options Exercise $0 -27.6K -100% $0.00* 0 Jul 1, 2022 Common Stock 27.6K $1.68 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.

Remarks:

Exhibit 24-Power of Attorney