Mario M. Rosati - 31 Jan 2023 Form 4 Insider Report for AEHR TEST SYSTEMS (AEHR)

Role
Director
Signature
/s/ Kenneth B. Spink, Attorney-in-fact
Issuer symbol
AEHR
Transactions as of
31 Jan 2023
Net transactions value
-$2,994,491
Form type
4
Filing time
02 Feb 2023, 15:01:34 UTC
Previous filing
18 Jan 2023
Next filing
06 Feb 2023
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 $28,100 +10,000 $2.81* 10,000 31 Jan 2023 Direct
transaction AEHR Common Stock Options Exercise $34,600 +10,000 +100% $3.46* 20,000 31 Jan 2023 Direct
transaction AEHR Common Stock Options Exercise $20,300 +10,000 +50% $2.03* 30,000 31 Jan 2023 Direct
transaction AEHR Common Stock Options Exercise $17,700 +10,000 +33% $1.77* 40,000 31 Jan 2023 Direct
transaction AEHR Common Stock Options Exercise $23,137 +14,108 +35% $1.64* 54,108 31 Jan 2023 Direct
transaction AEHR Common Stock Options Exercise $13,400 +10,000 +18% $1.34* 64,108 31 Jan 2023 Direct
transaction AEHR Common Stock Sale $2,194,340 -64,108 -95% $34.23 3,701 31 Jan 2023 Direct
transaction AEHR Common Stock Sale $937,389 -27,000 -100% $34.72 0 31 Jan 2023 by Managed Account
holding AEHR Common Stock 48,446 31 Jan 2023 By Trust F1, F3
holding AEHR Common Stock 151,016 31 Jan 2023 By Trust 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 Non-Qualified Stock Option (right to buy) Options Exercise $0 -10,000 -100% $0.000000* 0 31 Jan 2023 Common Stock 10,000 $1.34 Direct F4
transaction AEHR Non-Qualified Stock Option (right to buy) Options Exercise $0 -14,108 -100% $0.000000* 0 31 Jan 2023 Common Stock 14,108 $1.64 Direct F5
transaction AEHR Non-Qualified Stock Option (right to buy) Options Exercise $0 -10,000 -100% $0.000000* 0 31 Jan 2023 Common Stock 10,000 $1.77 Direct F4
transaction AEHR Non-Qualified Stock Option (right to buy) Options Exercise $0 -10,000 -100% $0.000000* 0 31 Jan 2023 Common Stock 10,000 $2.03 Direct F4
transaction AEHR Non-Qualified Stock Option (right to buy) Options Exercise $0 -10,000 -100% $0.000000* 0 31 Jan 2023 Common Stock 10,000 $2.81 Direct F4
transaction AEHR Non-Qualified Stock Option (right to buy) Options Exercise $0 -10,000 -100% $0.000000* 0 31 Jan 2023 Common Stock 10,000 $3.46 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Mario M. Rosati is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 1,621 unvested restricted stock units were cancelled when the reporting person retired from the Board of Directors on January 24, 2023.
F2 Shares held by Mario M. Rosati, Trustee of the Mario M. Rosati Trust U/D/T dated January 9, 1990.
F3 Shares held by Mario M. Rosati and Danelle Storm Rosati, Trustees of the Rosati Family Trust dated May 23, 1997.
F4 One twelfth (1/12) of the total number of shares became exercisable on this date and an additional one twelfth (1/12) of the total number of shares became exercisable each month thereafter.
F5 The total number of shares became exercisable on this date.

Remarks:

Mr. Mario Rosati retired from the Board of Director of Aehr Test Systems effective 1/24/2023. Ex. 24 - Power of Attorney