Erickson Gayn 4

What Happened
Erickson Gayn, President, CEO and a director of AEHR Test Systems (AEHR), was issued 47,785 shares via restricted stock unit (RSU) awards on July 1, 2026 (35,886 + 11,899). To satisfy tax and exercise-related obligations, 26,016 shares were withheld/used (22,925 at $84.42 = $1,935,443 on 7/1/2026; 3,091 at $69.96 = $216,246 on 7/2/2026), totaling approximately $2,151,689. The awards are compensation (not open-market purchases); the withheld shares were used for tax/price payment and are not treated as a market sale.

Key Details

• Transaction types: A = award/acquisition (RSU issuance); F = shares withheld for tax/expense obligations.
• Dates & prices: 7/1/2026 grant of 35,886 RSUs and 11,899 RSUs; 7/1/2026 withholding of 22,925 shares @ $84.42; 7/2/2026 withholding of 3,091 shares @ $69.96.
• Dollar amounts withheld/paid: ~$1.935M (7/1) + ~$216K (7/2) = ~$2.15M total.
• Shares withheld do not represent an open-market sale by the reporting person (per footnote).
• Vesting/terms: Footnotes indicate these are performance-based RSUs and include unvested restricted stock units/shares; vesting schedule noted (one‑sixteenth vests every three full calendar months, conditional on continued employment).
• Shares owned after the transaction: not specified in the provided Form 4 details.
• Filing timeliness: Form filed 2026-07-02 for transactions on 7/1–7/2/2026 — filed promptly (not marked late).

Context

• These transactions are compensation-related (RSU grants and tax-withholding); withheld shares used to satisfy tax obligations are common and do not necessarily indicate a discretionary sale or change in insider conviction.
• For retail investors, awards increase insider exposure (subject to vesting); withheld shares reduce the net new shares the insider actually retains immediately.