Kenneth B. Spink - Jul 17, 2023 Form 4 Insider Report for AEHR TEST SYSTEMS (AEHR)

Role: VP of Finance and CFO
Signature: /s/ Kenneth B. Spink
Stock symbol: AEHR
Transactions as of: Jul 17, 2023
Transactions value $: -$1,807,978
Form type: 4
Date filed: 7/19/2023, 04:03 PM
Previous filing: Jul 17, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AEHR	Common Stock	Options Exercise	$27.6K	+11.5K		$2.40^*	11.5K	Jul 17, 2023	Direct
transaction	AEHR	Common Stock	Options Exercise	$40.9K	+25K	+217.18%	$1.64^*	36.5K	Jul 17, 2023	Direct
transaction	AEHR	Common Stock	Sale	-$1.88M	-36.5K	-100%	$51.39	0	Jul 17, 2023	Direct	F1
holding	AEHR	Common Stock						110K	Jul 17, 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	Incentive Stock Option (right to buy)	Options Exercise	$0	-25K	-100%	$0.00^*	0	Jul 17, 2023	Common Stock	25K	$1.64	Direct	F3
transaction	AEHR	Incentive Stock Option (right to buy)	Options Exercise	$0	-11.5K	-100%	$0.00^*	0	Jul 17, 2023	Common Stock	11.5K	$2.40	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 $51.25 to $51.75, 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.