ENGINEER ADIL 4

What Happened

• Adil Engineer, Chief Operating Officer of Aehr Test Systems (AEHR), sold a total of 3,728 shares in two open‑market transactions on 2026-04-09: 2,528 shares at $66.31 ($167,644) and 1,200 shares at $66.27 ($79,524), totaling $247,168.
• On 2026-04-11, 386 shares were reported as disposed at $70.43 ($27,186) related to tax withholding upon vesting of restricted stock units; per the filing footnote this withholding “does not represent a sale by the Reporting Person.”

Key Details

• Transaction dates & prices:
  • 2026-04-09: 2,528 shares sold @ $66.31 = $167,644
  • 2026-04-09: 1,200 shares sold @ $66.27 = $79,524
  • 2026-04-11: 386 shares withheld @ $70.43 = $27,186 (tax withholding on RSUs)
• Total proceeds from open‑market sales: ~$247,168; tax‑withheld value: ~$27,186.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnotes:
  • F1: Shares withheld to satisfy tax withholding upon RSU vesting — not a sale by the insider.
  • F2: Reported amounts include shares subject to unvested restricted stock units.
• Filing timeliness: filing dated 2026-04-14; timeliness flag not indicated in the provided data.

Context

• The two primary transactions were open‑market sales (code S). Sales reduce the insider’s holdings but, by themselves, do not explain motivation.
• The 386‑share disposition on 2026-04-11 is a tax withholding related to RSU vesting (cashless withholding), not an active sale by the insider.