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Insider Cluster (10 insiders) ·Filed Apr 9, 2026

AEHR

AEHR TEST SYSTEMS
BEARISH
Impact 8/10
Horizondays Processed6mo ago
Insider cluster: 10 insiders, $8.7M total
Actionable Insight ▼ Bearish

Traders should watch for continued downward price pressure as the market absorbs both dilution from the $60M offering and negative sentiment from coordinated insider selling. The CEO and CTO selling heavily after earnings and a capital raise suggests lack of confidence in near-term valuation.

DirectionBearish
Confidencehigh
Horizondays
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 6mo 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 sold $8.71M in stock over a 7-day window, led by CEO Erickson Gayn's $4.01M sale and CTO Donald Richmond's $1.24M sale. This cluster follows an at-the-market equity offering of $60M and recent earnings, suggesting insiders may be exiting ahead of dilution and mixed fundamentals. The scale and timing indicate a bearish signal.

Key Financial Metrics

Direction
selling
Total Value
$8.7M
Insiders
10

Key Facts

  • Insider cluster total value: $8.71M in open-market sales
  • CEO Erickson Gayn sold $4.01M, CTO Donald Richmond sold $1.24M, Director Rhea Pose del sold $1.21M
  • Sales occurred within 8 days of a $60M at-the-market equity offering and earnings release
  • Total insider sales represent ~0.36% of $2.4B market cap — significant and material
  • Multiple C-suite executives and directors participated in selling

Financial Impact

$8.71M in insider sales, representing 0.36% of market cap and immediate downward pressure post-dilution

dilutioninsider confidenceshare supplymarket sentiment

Risk Factors

  • Increased share supply from both insider sales and $60M ATM offering
  • Erosion of investor confidence due to C-suite and director selling
  • Potential for further price decline as market digests dilution and insider sentiment

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-1776380998797
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—$58.12 (−38.04%)
Aug 18, 2026
9w ago
Insider Cluster
BEARISH ★ 5/10
$123.25awaiting T+60—$58.12 (+52.84%)
Aug 14, 2026
10w ago
Insider Cluster
BEARISH ★ 5/10
$145.61awaiting T+60—$58.12 (+60.09%)
Aug 13, 2026
10w ago
Insider Cluster
BEARISH ★ 4/10
$134.06awaiting T+60—$58.12 (+56.65%)
Aug 13, 2026
10w ago
Insider Cluster
BEARISH ★ 5/10
$134.06awaiting T+60—$58.12 (+56.65%)
Aug 13, 2026
10w ago
Insider Cluster
NEUTRAL ★ 2/10
$134.06awaiting T+60—$58.12 (−56.65%)
Aug 11, 2026
10w ago
Insider Cluster
NEUTRAL ★ 3/10
$117.18awaiting T+60—$58.12 (−50.40%)
Aug 6, 2026
11w ago
Insider Cluster
NEUTRAL ★ 2/10
$103.07awaiting T+60—$58.12 (−43.61%)
Apr 22, 2026
26w ago
Insider Cluster
NEUTRAL ★ 2/10
$95.51 $98.91▲ +3.56%▼ −2.06%$58.12 (−39.15%)
Apr 21, 2026
26w ago
Insider Cluster
NEUTRAL ★ 4/10
$97.36 $77.36▼ −20.54%▼ −24.88%$58.12 (−40.30%)
Showing 10 of 25

US Market Status

Market Open — Closes in 2h 41m

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Report published Apr 16, 2026