Transaction details
Donald P. Richmond II, Chief Technology Officer of Aehr Test Systems (NASDAQ: AEHR), sold 15,751 shares of the company's common stock on April 9, 2026, according to a Form 4 filing with the Securities and Exchange Commission. The shares were disposed at a per-share price of $68.6849, producing a total transaction value of $1,081,855. The filing bears the signature of Chris Siu, Attorney-in-Fact, dated April 10, 2026.
Post-sale ownership
Following this disposition, Richmond directly holds 199,245 shares of Aehr Test Systems common stock. That reported holding includes unvested restricted stock units.
Share price context
At the time of reporting, Aehr Test Systems shares were trading at $70.43, close to a 52-week high of $72.50. The share price is noted to have climbed roughly 727% over the last 12 months. Independent analysis referenced in the filing indicates InvestingPro considers the shares overvalued at current levels. The company also has an available Pro Research Report on InvestingPro for subscribers seeking additional details.
Recent financial results
In other corporate disclosures, Aehr Test Systems released its fiscal third-quarter results for 2026. The company reported a loss per share of $0.05, which was better than the consensus forecast loss of $0.07. Revenue for the quarter came in at $10.3 million, falling short of the expected $10.8 million. Despite the revenue shortfall, bookings were reported at $37.2 million for the quarter and the company achieved a book-to-bill ratio in excess of 3.5x.
Analyst reaction
Following the quarterly update and the disclosed bookings strength, Lake Street adjusted its price target on Aehr Test Systems to $56 from $50 and maintained a Buy rating, citing the robust bookings momentum as a positive factor for the company’s future outlook.
What the disclosure shows
The insider sale, the company’s mixed quarterly performance and the analyst action provide a snapshot of Aehr Test Systems’ current public profile: management continues to hold substantial equity after the sale, the company is reporting operational booking strength even as near-term revenue missed expectations, and market commentary flags valuation concerns.
Note: The information above is drawn from the company filing, the company's reported fiscal results, and cited analyst commentary as stated in the disclosures.