AEHR TEST SYSTEMS — Director's Dealing 2023

Feb 2, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AEHR TEST SYSTEMS (AEHR)
CIK: 0001040470
Period of Report: 2023-01-31

Reporting Person: Erickson Gayn (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-01-31	Common Stock	M	23856	$3.9300	Acquired	519109	Direct
2023-01-31	Common Stock	M	80997	$2.4000	Acquired	600106	Direct
2023-01-31	Common Stock	M	18958	$1.6350	Acquired	619064	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-01-31	Incentive Stock Option (right to buy)	$1.6350	M	18958	Disposed	2026-07-16	Common Stock (18958)	Direct
2023-01-31	Incentive Stock Option (right to buy)	$2.4000	M	80997	Disposed	2025-08-17	Common Stock (80997)	Direct
2023-01-31	Incentive Stock Option (right to buy)	$3.9300	M	23856	Disposed	2024-07-11	Common Stock (23856)	Direct

Footnotes

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

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.