Erickson Gayn 4/A

What Happened
Erickson Gayn, President & CEO and a director of AEHR TEST SYSTEMS (AEHR), recorded two related transactions: on 2026-04-01 he acquired 2,131 shares at $6.67 each (total $14,214) reported as an "other acquisition" (code J). On 2026-04-02 he surrendered/disposed of 2,512 shares at $44.32 each (total $111,332) under code F, which indicates shares were transferred to pay an exercise price or tax liability (common for option exercises or withholding).

Key Details

• Dates and prices:
  • 2026-04-01: Acquired 2,131 shares @ $6.67 = $14,214 (code J: other acquisition)
  • 2026-04-02: Disposed/surrendered 2,512 shares @ $44.32 = $111,332 (code F: payment of exercise price/tax)
• Reported ownership corrections (amended filing): the Form 4 was amended to correct beneficial ownership and ownership form. Footnotes state corrected amounts and form:
  • F1: corrected Column 5 to 293,759 shares (previously 253,430)
  • F2: corrected ownership form to "I" (By Trust) (previously reported as "D")
  • F3: corrected another Column 5 entry to 248,787 shares (previously 250,918)
• Filing: This is an amended Form 4 (filed 2026-04-06) correcting earlier reporting. The amendment updates the ownership figures and the reported ownership form.
• Codes explained: J = other acquisition/disposition; F = shares transferred to pay exercise price or tax withholding.

Context

• The April 2 disposal appears to be a withholding/surrender to cover taxes or exercise costs, not an open-market sale — this is common after option exercises and does not necessarily signal a bearish view.
• The April 1 acquisition is small ($14K) relative to the surrender ($111K); purchases are generally more telling than routine tax-withholding movements, but here the net activity is roughly neutral.
• Amended filings correct reporting errors and clarify how shares are held (direct vs. by trust), which can affect the reported beneficial ownership totals.