AEHR TEST SYSTEMS — Director's Dealing 2023

May 19, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AEHR TEST SYSTEMS (AEHR)
CIK: 0001040470
Period of Report: 2023-05-17

Reporting Person: POSEDEL RHEA J (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-05-17	Common Stock	M	18000	$1.68	Acquired	67018	Direct
2023-05-17	Common Stock	S	18000	$29.0000	Disposed	49018	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-05-17	Non-Qualified Stock Option (right to buy)	$1.6800	M	18000	Disposed	2023-07-25	Common Stock (18000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	523821	Indirect

Footnotes

F1: The amount reported includes shares subject to unvested restricted stock units.

F2: 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.