Gayn Erickson - Jan 31, 2023 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
Jan 31, 2023
Transactions value $
$319,143
Form type
4
Date filed
2/2/2023, 03:01 PM
Previous filing
Jan 26, 2023
Next filing
Mar 27, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AEHR Common Stock Options Exercise $93.8K +23.9K +4.82% $3.93* 519K Jan 31, 2023 Direct
transaction AEHR Common Stock Options Exercise $194K +81K +15.6% $2.40* 600K Jan 31, 2023 Direct
transaction AEHR Common Stock Options Exercise $31K +19K +3.16% $1.64* 619K Jan 31, 2023 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 -19K -53.84% $0.00 16.3K Jan 31, 2023 Common Stock 19K $1.64 Direct F2
transaction AEHR Incentive Stock Option (right to buy) Options Exercise $0 -81K -100% $0.00* 0 Jan 31, 2023 Common Stock 81K $2.40 Direct F2
transaction AEHR Incentive Stock Option (right to buy) Options Exercise $0 -23.9K -100% $0.00* 0 Jan 31, 2023 Common Stock 23.9K $3.93 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 and unvested restricted shares.
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