Erickson Gayn 4

What Happened
Erickson Gayn, President, CEO and Director of Aehr Test Systems (AEHR), acquired 2,131 shares on 2026-04-01 at $6.67 per share (total ~$14,219) through the company’s employee purchase plan. On 2026-04-02, 2,512 shares were reported as disposed at $44.32 per share (value ~$111,332) to satisfy tax withholding obligations upon vesting of restricted stock units — the filing clarifies those withheld shares do not represent an open-market sale by the reporting person.

Key Details

• Transaction types/codes: 2026-04-01 — Other acquisition (J) via employee plan; 2026-04-02 — Payment of tax liability/withholding (F).
• Prices and totals: 2,131 @ $6.67 = $14,219 (acquisition); 2,512 @ $44.32 = $111,332 (withheld for taxes).
• Shares owned after transaction: Not stated in the provided filing excerpt.
• Notable footnotes:
  • F1: Purchase made under the Company’s Section 423 “tax‑conditioned” Employee Stock Purchase Plan (ESPP); ESPP purchase is exempt from Section 16 short‑swing liability rules referenced in the filing.
  • F2: Reported amounts include shares subject to unvested restricted stock units and unvested restricted shares.
  • F3: The 2,512‑share disposition was withholding to satisfy tax obligations on RSU vesting — not an open‑market sale by the insider.
• Filing timeliness: Report filed 2026-04-02 for transactions on 2026-04-01 and 2026-04-02; no late‑filing indication in the record provided.

Context
The April 1 transaction is a purchase through Aehr’s ESPP (a direct purchase, often seen as a routine employee purchase). The April 2 “disposition” reflects shares withheld to cover taxes on vested RSUs and should not be interpreted as the CEO selling shares on the open market. Purchases can be more informative about insider sentiment, but these transactions appear to be standard employee plan activity and tax withholding rather than directional trading.