AEHR TEST SYSTEMS — Director's Dealing 2021

Sep 30, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AEHR TEST SYSTEMS (AEHR)
CIK: 0001040470
Period of Report: 2021-09-28

Reporting Person: ROSATI MARIO M (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-09-28	Common Stock	M	3800	$2.063	Acquired	7501	Direct
2021-09-28	Common Stock	S	3800	$14.09	Disposed	3701	Direct
2021-09-29	Common Stock	M	15183	$2.063	Acquired	18884	Direct
2021-09-29	Common Stock	M	6200	$2063	Acquired	25084	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-09-28	Non-Qualified Stock Option (right to buy)	$2.063	M	3800	Disposed	2021-10-21	Common Stock (3800)	Direct
2021-09-29	Non-Qualified Stock Option (right to buy)	$2.063	M	15183	Disposed	2021-10-21	Common Stock (15183)	Direct
2021-09-29	Non-Qualified Stock Option (right to buy)	$2.063	M	6200	Disposed	2021-10-21	Common Stock (6200)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	58181	Indirect
Common Stock	151016	Indirect
Common Stock	27000	Indirect

Footnotes

F1: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $14.00 to $14.72, inclusive. The reporting person undertakes to provide to Aehr Test Systems, any security holder of Aehr Test Systems, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth above.

F2: Shares held by Mario M. Rosati and Danelle Storm Rosati, Trustees of the Rosati Family Trust dated May 23, 1997.

F3: Shares held by Mario M. Rosati, Trustee of the Mario M. Rosati Trust U/D/T dated January 9, 1990.

F4: One twelfth (1/12) of the total number of shares became exercisable on this date and an additional one twelfth (1/12) of the total number of shares became exercisable each month thereafter.