David S. Hendrickson - 08 Sep 2022 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: 08 Sep 2022
Net transactions value: +$18,900
Form type: 4
Filing time: 08 Sep 2022, 19:37:35 UTC
Previous filing: 18 Jul 2022
Next filing: 04 Oct 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	$18,900	+11,250	+16%	$1.68^*	82,556	08 Sep 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	-11,250	-100%	$0.000000^*	0	08 Sep 2022	Common Stock	11,250	$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:

Ex. 24 - Power of Attorney