Erickson Gayn 4

What Happened

• Erickson Gayn, President, CEO and a director of Aehr Test Systems (AEHR), reported open-market dispositions on April 10, 2026 and a tax-withholding disposition on April 11, 2026. He sold two blocks of shares (56,788 and 96,036) at $70.58 per share (reported totals $4,008,273 and $6,778,519), totaling about 152,824 shares and roughly $10.79 million. Separately, 3,704 shares were reported as disposed on April 11 at $70.43 (≈ $260,873) to satisfy tax withholding on awards.

Key Details

• Transactions:
  • 2026-04-10 — Sale (S): 56,788 shares @ $70.58 — reported $4,008,273
  • 2026-04-10 — Sale (S): 96,036 shares @ $70.58 — reported $6,778,519
  • 2026-04-11 — Tax withholding/payment (F): 3,704 shares @ $70.43 — reported $260,873
• Total open-market sales: 152,824 shares for ≈ $10.79M; tax-withheld shares: 3,704 (~$260.9K).
• Shares owned after the transactions: Not disclosed in the information provided in this summary (not included in the posted transaction details).
• Footnotes:
  • F1: Reported amounts include shares subject to unvested restricted stock units and unvested restricted shares.
  • F2: The 3,704 shares were withheld to satisfy tax withholding on vesting of restricted stock units/shares and “does not represent a sale by the Reporting Person.”
• Timeliness: Form filed 2026-04-14 for transactions dated 2026-04-10 and 2026-04-11; filing appears to be within the standard two-business-day Form 4 reporting window.

Context

• The two April 10 entries are open-market sales (code S). The April 11 entry (code F) reflects shares withheld to cover taxes on vesting of awards (a withholding, not an active market sale by the insider per the footnote).
• Sales by executives can be routine (e.g., to diversify or cover tax obligations) and do not by themselves prove a change in company outlook; purchases are generally more informative about insider optimism. This summary is factual and does not speculate on motive.