AEHR COO Adil Exercises Options, Sells 15,000 Shares

What Happened
COO Engineer Adil exercised 15,000 derivative shares (reported as code M) at $9.45 per share, paying $141,750, and then sold 15,000 shares in two open-market trades (7,500 @ $130.95 and 7,500 @ $131.09) for total proceeds of $1,965,375 on August 12, 2026. The filing also shows two derivative dispositions of 7,500 shares each reported at $0.00 (reported as dispositions of exercised/converted derivative shares). Net proceeds from the clear cash transactions were roughly $1.82M (sales minus exercise cost).

Key Details

• Transaction date: 2026-08-12 (Form filed 2026-08-13).
• Exercises/acquisitions: 15,000 shares @ $9.45 = $141,750 (code M).
• Open-market sales: 7,500 @ $130.95 = $982,162; 7,500 @ $131.09 = $983,213; total sales = $1,965,375 (code S).
• Derivative dispositions: two entries of 7,500 shares @ $0.00 (code M, disposed) — reported as derivative-related dispositions.
• Footnote: F1 — reported ownership amounts include shares subject to unvested restricted stock units.
• Shares owned after the transactions: not specified in the summary provided in this prompt (see the full Form 4 for post-transaction beneficial ownership).
• Filing timing: Form lists the report period as Aug 12, 2026 and was filed on Aug 13, 2026.

Context
This was an exercise of derivative interests (options/convertible instruments) followed by immediate open-market sales of the exercised shares — a common cashless-style liquidity event where newly acquired shares are sold to cover cost, taxes, or for other liquidity reasons. The $0.00 derivative dispositions likely reflect shares retained/settled in connection with the exercise (e.g., tax withholding or internal settlement), as reported; consult the full Form 4 for issuer-specific legends or footnote detail. This activity is transaction-level disclosure and does not, by itself, indicate the insider’s view of the company.