AEHR TEST SYSTEMS — Director's Dealing 2022

Oct 11, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AEHR TEST SYSTEMS (AEHR)
CIK: 0001040470
Period of Report: 2022-10-10

Reporting Person: ROSATI MARIO M (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-10-10	Common Stock	M	1300	$2.17	Acquired	38098	Direct
2022-10-10	Common Stock	S	1300	$16.13	Disposed	36798	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-10-10	Non-Qualied Stock Option (right to buy)	$2.17	M	1300	Disposed	2022-10-20	Common Stock (1300)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	151016	Indirect
Common Stock	60196	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 $15.31 to $17.48, 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, Trustee of the Mario M. Rosati Trust U/D/T dated January 9, 1990.

F3: The amount reported includes shares subject to unvested restricted stock units.

F4: Shares held by Mario M. Rosati and Danelle Storm Rosati, Trustees of the Rosati Family Trust dated May 23, 1997.

F5: 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.