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AEHRAehr Test Systems · Insider ownership research

Aehr Test Systems insiders sold $60.9M in the past 12 months. How much of their stake is that?

Insiders sold $60.9M in the past 12 months.0% was sold under disclosed trading plans, 100% with no plan disclosed. The largest seller, Gayn Erickson (President and CEO, Director), sold $16.0M.Share-of-stake figures for this company are being verified and will be added when that check is finished. Why

Updated Oct 13, 2026 from SEC filings · covers Oct 14, 2025 to Oct 13, 2026
$60.9M
sold with no plan disclosed, past 12 months
0%
of sales were under disclosed trading plans, past 12 months
13 of 13
officers and directors sold shares, past 12 months
Is this normal? In line with the past 5 years. 13 insiders sold; the average is 9 a year. Year by year
Latest filing: Filed Oct 5 for a tax withholding on Oct 2. Gayn Erickson had 3.2K shares withheld by the company for taxes. Filing
SEC ownership filings: 169 filed in the 12 months to Oct 13, 2026; 1,433 on record since Jul 24, 2003 · See the evidence

What stands out

Ten insiders sold $59.4M with no disclosed plan: Gayn Erickson ($16.0M), Geoffrey Scott ($12.7M) and Rhea Posedel ($9.5M), plus 7 more. The filings don't state a reason.Gayn Erickson: largest such sale, Apr 10, 2026 · Geoffrey Scott: largest such sale, Apr 21, 2026 · Rhea Posedel: largest such sale, Apr 9, 2026

A share of stake is shown for 0 of the 13 officers and directors who sold. 13 are left out

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Left out: Gayn Erickson, Rhea Posedel, Geoffrey Scott, Howard Slayen, Donald Richmond II, Chris Siu, Alberto Salamone, Vernon Rogers, Adil Engineer, Alistair Sporck, Laura Oliphant, Fariba Danesh and Didier Wimmers (share of stake is being verified).
Disclosed company stock is not an insider's whole wealth.

Who sold, and how much of their stake

Officers and directors, past 12 months. Their share of stake is being verified and is not shown yet; amounts and trading plans are below.

Gayn Erickson
President and CEO, Director
Not confirmed
Share of stake not shown: share of stake is being verified. Why
$16.0MNo plan disclosed
Geoffrey Scott
Director
Not confirmed
Share of stake not shown: share of stake is being verified. Why
$12.7MNo plan disclosed
Rhea Posedel
Director
Not confirmed
Share of stake not shown: share of stake is being verified. Why
$9.5MNo plan disclosed
Howard Slayen
Director
Not confirmed
Share of stake not shown: share of stake is being verified. Why
$5.9MNo plan disclosed
Alberto Salamone
EVP, Ppbi Business
Not confirmed
Share of stake not shown: share of stake is being verified. Why
$4.0MNo plan disclosed
All 13 sellers

Selling by month

Officers and directors, Oct 2025 to Oct 2026. Each sale is counted once: under a disclosed plan, else to cover taxes, else no plan disclosed.

No plan disclosedOne dollar scale for every month; the tallest bar is labeled
OctNov 2025: $154K no plan disclosedNovDecJan 2026: $143K no plan disclosedJanFeb 2026: $503K no plan disclosedFebMarApr 2026: $40.2M no plan disclosed$40.2MAprMay 2026: $936K no plan disclosedMayJunJul 2026: $1.6M no plan disclosedJulAug 2026: $17.3M no plan disclosedAugSepOct

Recent activity

Past 30 days, Sep 14, 2026 to Oct 13, 2026
Oct 2, 20267 executives had 6.8K shares ($733K) withheld by the company for taxes (not a market sale).
WhoSharesPrice% of total stakeTotal stake afterTrade dateFiled
Gayn Erickson
President and CEO, Director
3,239$107.21n/an/aOct 2, 2026Oct 5, 2026
Chris Siu
CFO
1,164$107.21n/an/aOct 2, 2026Oct 5, 2026
Adil Engineer
Chief Operating Officer
620$107.21n/an/aOct 2, 2026Oct 5, 2026
Alberto Salamone
EVP, Ppbi Business
556$107.21n/an/aOct 2, 2026Oct 5, 2026
Vernon Rogers
Exec VP of Sales & Mktg.
476$107.21n/an/aOct 2, 2026Oct 5, 2026
Donald Richmond II
CTO
439$107.21n/an/aOct 2, 2026Oct 5, 2026
Alistair Sporck
VP Contactor Business Unit
345$107.21n/an/aOct 2, 2026Oct 5, 2026
Oct 1, 20268 executives had 1.1K shares ($111K) withheld by the company for taxes (not a market sale).
WhoSharesPrice% of total stakeTotal stake afterTrade dateFiled
Gayn Erickson
President and CEO, Director
499$101.60n/an/aOct 1, 2026Oct 2, 2026
Chris Siu
CFO
194$101.60n/an/aOct 1, 2026Oct 1, 2026
Adil Engineer
Chief Operating Officer
98$101.60n/an/aOct 1, 2026Oct 2, 2026
Vernon Rogers
Exec VP of Sales & Mktg.
77$101.60n/an/aOct 1, 2026Oct 2, 2026
Donald Richmond II
CTO
76$101.60n/an/aOct 1, 2026Oct 2, 2026
Alistair Sporck
VP Contactor Business Unit
54$101.60n/an/aOct 1, 2026Oct 2, 2026
Didier Wimmers
Executive VP of R&D
54$101.60n/an/aOct 1, 2026Oct 2, 2026
Alberto Salamone
EVP, Ppbi Business
45$101.60n/an/aOct 1, 2026Oct 2, 2026

"% of total stake" is the shares in an event against all the vested shares the person held that day, across every share class and holding entity, after that day's vesting. "n/a" means the person's holdings are not confirmed, or the row is a purchase. "Holdings record incomplete" means more shares were sold than the filings show the person held that day, so a percentage would be wrong.

Common questions

Is the Aehr Test Systems CEO selling stock?

Yes. Gayn Erickson sold 193K shares ($16.0M) in the past 12 months, none of it under a trading plan disclosed in the filings.

Why are Aehr Test Systems insiders selling?

Filings rarely give a reason, and we don't guess at one. What they show is how the sales were made: 0% of sales by value ran under 10b5-1 trading plans disclosed in the filings and 100% had no disclosed plan. A trading plan schedules sales in advance.

Are any Aehr Test Systems insiders buying?

No. Officers and directors reported no purchases in the past 12 months.

The evidence

Who sold13 officers and directors: amount, % of holdings, trading plan
Who soldAmount% of holdingsTrading plan
Gayn Erickson
President and CEO, Director
$16.0M
193K shares
Not confirmed
share of stake is being verified. Why
No plan disclosed
Geoffrey Scott
Director
$12.7M
140K shares
Not confirmed
share of stake is being verified. Why
No plan disclosed
Rhea Posedel
Director
$9.5M
115K shares
Not confirmed
share of stake is being verified. Why
No plan disclosed
Howard Slayen
Director
$5.9M
64K shares
Not confirmed
share of stake is being verified. Why
No plan disclosed
Alberto Salamone
EVP, Ppbi Business
$4.0M
40K shares
Not confirmed
share of stake is being verified. Why
No plan disclosed
Vernon Rogers
Exec VP of Sales & Mktg.
$3.3M
36K shares
Not confirmed
share of stake is being verified. Why
No plan disclosed
Adil Engineer
Chief Operating Officer
$3.1M
32K shares
Not confirmed
share of stake is being verified. Why
No plan disclosed
Donald Richmond II
CTO
$2.3M
33K shares
Not confirmed
share of stake is being verified. Why
No plan disclosed
Fariba Danesh
Director
$1.4M
19K shares
Not confirmed
share of stake is being verified. Why
No plan disclosed
Laura Oliphant
Director
$1.1M
16K shares
Not confirmed
share of stake is being verified. Why
No plan disclosed
Alistair Sporck
VP Contactor Business Unit
$879K
12K shares
Not confirmed
share of stake is being verified. Why
No plan disclosed
Didier Wimmers
Executive VP of R&D
$386K
5.4K shares
Not confirmed
share of stake is being verified. Why
No plan disclosed
Chris Siu
CFO
$222K
2.1K shares
Not confirmed
share of stake is being verified. Why
No plan disclosed
The full ownership picture0 of 13 officers and directors confirmed

Vested shares across all share classes, held directly and through trusts, LLCs and family members, as reported on SEC Forms 3, 4 and 5. Unvested awards and options are never counted as owned shares.

InsiderHeld Oct 13, 2025SoldHeld Oct 13, 2026Still held
Gayn Erickson
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Gayn Erickson are complete.
President and CEO, Director
n/a−193Kn/an/a
Vesting, gifts, unvested awards and holding lines for Gayn Erickson

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Gayn Erickson are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
−63Kwithheld by the company for taxes
Rhea Posedel
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Rhea Posedel are complete.
Director
n/a−115Kn/an/a
Vesting, gifts, unvested awards and holding lines for Rhea Posedel

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Rhea Posedel are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Geoffrey Scott
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Geoffrey Scott are complete.
Director
n/a−140Kn/an/a
Vesting, gifts, unvested awards and holding lines for Geoffrey Scott

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Geoffrey Scott are complete; balances and unit counts will be added when the check is finished.

−35Kgifted (net of own trusts)
Howard Slayen
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Howard Slayen are complete.
Director
n/a−64Kn/an/a
Vesting, gifts, unvested awards and holding lines for Howard Slayen

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Howard Slayen are complete; balances and unit counts will be added when the check is finished.

−22Kgifted (net of own trusts)
Donald Richmond II
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Donald Richmond II are complete.
CTO
n/a−33Kn/an/a
Vesting, gifts, unvested awards and holding lines for Donald Richmond II

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Donald Richmond II are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
−6.8Kwithheld by the company for taxes
Chris Siu
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Chris Siu are complete.
CFO
n/a−2.1Kn/an/a
Vesting, gifts, unvested awards and holding lines for Chris Siu

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Chris Siu are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
−11Kwithheld by the company for taxes
Alberto Salamone
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Alberto Salamone are complete.
EVP, Ppbi Business
n/a−40Kn/an/a
Vesting, gifts, unvested awards and holding lines for Alberto Salamone

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Alberto Salamone are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
−4.6Kwithheld by the company for taxes
Vernon Rogers
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Vernon Rogers are complete.
Exec VP of Sales & Mktg.
n/a−36Kn/an/a
Vesting, gifts, unvested awards and holding lines for Vernon Rogers

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Vernon Rogers are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
−8Kwithheld by the company for taxes
Adil Engineer
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Adil Engineer are complete.
Chief Operating Officer
n/a−32Kn/an/a
Vesting, gifts, unvested awards and holding lines for Adil Engineer

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Adil Engineer are complete; balances and unit counts will be added when the check is finished.

−500gifted (net of own trusts)
−6.1Kwithheld by the company for taxes

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
31,330$9.45Apr 6, 2029$4.2M
28,088$9.45Apr 6, 2029$3.8M

Estimate: options held × ($143.77 − strike price), using the most recent insider trade price on Form 4 (Aug 17, 2026), not a market close.

Alistair Sporck
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Alistair Sporck are complete.
VP Contactor Business Unit
n/a−12Kn/an/a
Vesting, gifts, unvested awards and holding lines for Alistair Sporck

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Alistair Sporck are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
−6.1Kwithheld by the company for taxes
Laura Oliphant
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Laura Oliphant are complete.
Director
n/a−16Kn/an/a
Vesting, gifts, unvested awards and holding lines for Laura Oliphant

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Laura Oliphant are complete; balances and unit counts will be added when the check is finished.

−557gifted (net of own trusts)
Fariba Danesh
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Fariba Danesh are complete.
Director
n/a−19Kn/an/a
Vesting, gifts, unvested awards and holding lines for Fariba Danesh

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Fariba Danesh are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Didier Wimmers
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Didier Wimmers are complete.
Executive VP of R&D
n/a−5.4Kn/an/a
Vesting, gifts, unvested awards and holding lines for Didier Wimmers

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Didier Wimmers are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
−1.4Kwithheld by the company for taxes

Holdings and share of stake for Aehr Test Systems are being verified, so no balances, unit counts or percentages are shown. Sales, proceeds, plan and tax status, titles and dates come straight from individual filings.

What explains the selling$60.9M of sales by plan status, purpose, seller and month

Officer and director open-market sales: $60.9M across 704,893 shares. Plan status and stated purpose are separate questions, and a sale can have both.

By plan status

No plan disclosed · $60.9M

Sales with no 10b5-1 plan and no tax reference in the filing. $16.0M of it is Gayn Erickson. No plan disclosed is a statement about the filing, not about why the sale happened. Largest such sale: Gayn Erickson, Apr 10, 2026

Taxes

106,180 shares ($7.1M) were withheld by the company for taxes, which isn't a market sale.

Charitable gifts · 1.8K shares

Gifts the filings describe as charitable. Gifts are not sales and are not included in the sale totals.

SellerShares soldProceedsUnder a disclosed planShare of totalSales dates
Gayn Erickson
President and CEO, Director
193K$16.0M0%26%Apr 10, 2026 to Aug 12, 2026
Geoffrey Scott
Director
140K$12.7M0%21%Apr 9, 2026 to Aug 12, 2026
Rhea Posedel
Director
115K$9.5M0%16%Feb 13, 2026 to Aug 14, 2026
Howard Slayen
Director
64K$5.9M0%10%Nov 5, 2025 to Aug 14, 2026
Alberto Salamone
EVP, Ppbi Business
40K$4.0M0%7%Apr 20, 2026 to Aug 13, 2026
Vernon Rogers
Exec VP of Sales & Mktg.
36K$3.3M0%5%Apr 10, 2026 to Aug 17, 2026
Adil Engineer
Chief Operating Officer
32K$3.1M0%5%Apr 9, 2026 to Aug 12, 2026
Donald Richmond II
CTO
33K$2.3M0%4%Apr 9, 2026 to Apr 14, 2026
Fariba Danesh
Director
19K$1.4M0%2%Apr 10, 2026 to Apr 16, 2026
Laura Oliphant
Director
16K$1.1M0%2%Jan 22, 2026 to Aug 12, 2026
Alistair Sporck
VP Contactor Business Unit
12K$879K0%1%Feb 9, 2026 to Aug 10, 2026
Didier Wimmers
Executive VP of R&D
5.4K$386K0%0.6%Apr 13, 2026 to Apr 15, 2026
Chris Siu
CFO
2.1K$222K0%0.4%May 14, 2026 to May 14, 2026

Sales by month

MonthSale proceedsDisclosed planTo cover taxesNo plan disclosed
Oct 2025$0$0$0$0
Nov 2025$154K$0$0$154K
Dec 2025$0$0$0$0
Jan 2026$143K$0$0$143K
Feb 2026$503K$0$0$503K
Mar 2026$0$0$0$0
Apr 2026$40.2M$0$0$40.2M
May 2026$936K$0$0$936K
Jun 2026$0$0$0$0
Jul 2026$1.6M$0$0$1.6M
Aug 2026$17.3M$0$0$17.3M
Sep 2026$0$0$0$0
Oct 2026$0$0$0$0
Is this normal? Selling year by year5 earlier years to compare with

In line with the past 5 years. 13 insiders sold; the average is 9 a year.

12 months endingShares soldInsiders who soldProceeds
Oct 13, 2026
Latest 12 months
705K13$60.9M
Oct 13, 2025
1 year earlier
40K5$775K
Oct 13, 2024
2 years earlier
21K6$405K
Oct 14, 2023
3 years earlier
1.50M12$56.1M
Oct 14, 2022
4 years earlier
483K11$10.6M
Oct 14, 2021
5 years earlier
1.10M11$14.8M

Open-market sales (Form 4 code S) by people who were officers or directors, in split-adjusted shares. Earlier years include people who have since left. A sale that an outside holder also reports (a family trust, a fund) is counted with outside holders in every year. Shares, not dollars, are compared, so a change in the stock price doesn't look like a change in selling. Years the filings don't fully cover are shown but left out of the average.

Known gaps and uncertainty13 officers and directors not confirmed

Holdings and share of stake are being verified. Balances, unit counts and every share-of-stake figure for Aehr Test Systems are held back until that check is finished. Sales, proceeds, plan and tax status, titles and dates come straight from individual filings and are complete.

External context: we only cite outside events when a documented connection exists. None is shown for this period.

Sources and methodology1,433 filings on record, 169 filed in the 12-month period, and how we read them

All 1,433 Forms 3, 4 and 5 on record for Aehr Test Systems (SEC CIK 1040470), filed from Jul 24, 2003 to Oct 5, 2026; 169 of them were filed in the 12 months this page covers, retrieved from SEC EDGAR on Oct 13, 2026. Prices are the ones reported in each filing, often weighted averages.

Holdings. Each holding line (a share class plus an owner, such as a trust or LLC) carries its last reported balance forward. Entities first reported during the period start at zero, so transfers between an insider's own trusts don't count as selling. Lines not reported for three years or more are listed separately and left out of totals.

Sales. A sale counts as under a 10b5-1 plan if its footnote cites one or the filing's Rule 10b5-1 box is checked, and as tax-related if its footnote cites tax obligations or sell-to-cover. Shares withheld by the company for taxes are listed separately. Sales with neither attribute are labeled "no plan disclosed".

Full methodology

Former or inactive filers (18)No filing in 18 months; last reported balances, not in any total

Spotted something wrong on this page? Report an error. We check every report against the SEC filing and list what we fix in the corrections log.