AEHR TEST SYSTEMS — Director's Dealing 2023

Jul 19, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AEHR TEST SYSTEMS (AEHR)
CIK: 0001040470
Period of Report: 2023-07-17

Reporting Person: SPINK KENNETH B. (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-07-17	Common Stock	M	11511	$2.4000	Acquired	11511	Direct
2023-07-17	Common Stock	M	25000	$1.6350	Acquired	36511	Direct
2023-07-17	Common Stock	S	36511	$51.3949	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-07-17	Incentive Stock Option (right to buy)	$1.6350	M	25000	Disposed	2026-07-16	Common Stock (25000)	Direct
2023-07-17	Incentive Stock Option (right to buy)	$2.4	M	11511	Disposed	2025-08-17	Common Stock (11511)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	109866	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 $51.25 to $51.75, 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: The amount reported includes shares subject to unvested restricted stock units.

F3: One forty-eighth (1/48) of the total number of shares became exercisable on this date and an additional one forty-eighth (1/48) of the total number of shares became exercisable each month thereafter.