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Insider Cluster (9 insiders) ·Filed Apr 9, 2026

AEHR

AEHR TEST SYSTEMS
BEARISH
Impact 8/10
Horizonweeks Processed6mo ago
Insider cluster: 9 insiders, $9.5M total
Actionable Insight ▼ Bearish

Traders should view this as a strong negative signal: top executives are selling aggressively just as the company raises capital through dilution. This pattern often precedes downward price pressure. Monitor for further insider exits or downward guidance revisions.

DirectionBearish
Confidencehigh
Horizonweeks
Final — all horizons settled through T+60d ⚠ clustered
AEHR ▲ +5.03% at T+60d
SHORT call ✗ call lost -5.03% · α vs SPY +5.75% · entry $68.86 → $72.33
Entry = T+0 close
Apr 8, 2026
via day close
T+1d
+2.28%
call -2.28% · α -2.34%
$70.43
settled 7mo ago
T+5d
+17.41%
call -17.41% · α -14.23%
$80.85
settled 7mo ago
T+20d
+40.47%
call -40.47% · α -32.91%
$96.73
settled 6mo ago
T+60d
+5.03%
call -5.03% · α +5.75%
$72.33
settled 4mo ago

Price Chart

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Executive Summary

AEHR insiders executed a $9.46M open-market sell-off over 7 days, led by CEO Erickson Gayn ($4.01M) and Director Poseled Rhea J ($2.1M), immediately following a $60M at-the-market equity offering and recent earnings. The scale and timing suggest informed selling ahead of dilution and weak fundamentals.

Key Financial Metrics

Direction
selling
Total Value
$9.5M
Insiders
9

Key Facts

  • Insider cluster total value: $9.46M in open-market sales over 7 days
  • CEO Erickson Gayn sold $4.01M of shares, the largest individual transaction
  • Sales occurred within 14 days of a $60M dilutive at-the-market offering
  • Sales followed an earnings report that missed revenue estimates
  • All transactions were open-market sales (code S), not routine non-cash events
  • 7 of 9 sellers were C-suite or directors, including CEO, CTO, CFO, and multiple board members
  • Total insider sales represent ~0.39% of $2.4B market cap — significant insider activity

Financial Impact

$9.46M in insider selling, representing 0.39% of market cap, concurrent with $60M in new share issuance

dilutioninsider sentimentshareholder value

Risk Factors

  • Significant near-term downside risk due to dual pressure of insider selling and share dilution
  • Erosion of investor confidence as leadership exits amid capital raise

Market Snapshot

Exchange
Nasdaq
Sector
Instruments For Meas & Testing of Electricity & Elec Signals

Investment Themes

Software & IT

Documents Analyzed

This report is based on 1 SEC document filed with EDGAR.

DocumentAccession Number
CLUSTER Data (Synthetic)cluster-AEHR-1776285986428
25 reports for AEHR
Performance horizon
36% Hit rate @ T+60 4 of 11 directional calls Went positive at some point 8 of 15 best @ T+60▲ +149.65%Feb 28, 2026
Filters
Rows
Reports for AEHR — sortable, filterable
TypeNow
Sep 10, 2026
6w ago
Institutional Cluster
MIXED ★ 5/10
$93.81awaiting T+60—$56.60 (−39.67%)
Aug 18, 2026
9w ago
Insider Cluster
BEARISH ★ 5/10
$123.25awaiting T+60—$56.60 (+54.08%)
Aug 14, 2026
10w ago
Insider Cluster
BEARISH ★ 5/10
$145.61awaiting T+60—$56.60 (+61.13%)
Aug 13, 2026
10w ago
Insider Cluster
BEARISH ★ 4/10
$134.06awaiting T+60—$56.60 (+57.78%)
Aug 13, 2026
10w ago
Insider Cluster
BEARISH ★ 5/10
$134.06awaiting T+60—$56.60 (+57.78%)
Aug 13, 2026
10w ago
Insider Cluster
NEUTRAL ★ 2/10
$134.06awaiting T+60—$56.60 (−57.78%)
Aug 11, 2026
10w ago
Insider Cluster
NEUTRAL ★ 3/10
$117.18awaiting T+60—$56.60 (−51.70%)
Aug 6, 2026
11w ago
Insider Cluster
NEUTRAL ★ 2/10
$103.07awaiting T+60—$56.60 (−45.09%)
Apr 22, 2026
26w ago
Insider Cluster
NEUTRAL ★ 2/10
$95.51 $98.91▲ +3.56%▼ −2.06%$56.60 (−40.74%)
Apr 21, 2026
26w ago
Insider Cluster
NEUTRAL ★ 4/10
$97.36 $77.36▼ −20.54%▼ −24.88%$56.60 (−41.87%)
Showing 10 of 25

US Market Status

Market Closed — Opens in 7h 19m

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Report published Apr 15, 2026