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Insider Cluster (7 insiders) ·Filed Aug 14, 2026

AEHR

AEHR TEST SYSTEMS
BEARISH
Impact 5/10
Horizonweeks Processed2mo ago
Insider cluster: 7 insiders, $5.8M total
Actionable Insight ▼ Bearish

The breadth of insider selling—including the CEO, COO, and multiple directors—is a cautionary signal, especially given the cluster's amplification by an earnings context. Monitor the next 8-K or 10-Q for any guidance revision or operational headwinds that may have motivated these sales. The modest proportion relative to market cap limits the bearish intensity, but the lack of any insider buying reinforces a negative read.

DirectionBearish
Confidencemedium
Horizonweeks
Latest settled — T+20d ⚠ clustered
AEHR ▼ -43.97% at T+20d
SHORT call ✓ call won +43.97% · α vs SPY +42.00% · entry $145.61 → $81.58
Next anchor: T+60d in 14d
Latest observation: T+48 +34.40% FF3 residual α
Entry = T+0 close
Aug 14, 2026
via day close
T+1d
-15.36%
call +15.36% · α +14.68%
$123.25
settled 2mo ago
T+5d
-33.78%
call +33.78% · α +32.58%
$96.43
settled 2mo ago
T+20d
-43.97%
call +43.97% · α +42.00%
$81.58
settled 6w ago
T+60d
Pending
in 14d

Price Chart

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Executive Summary

A cluster of 7 AEHR insiders sold ~$5.79M in open-market stock over a 7-day window, including the CEO, COO, and multiple directors. The total sales represent ~0.13% of the $4.4B market cap, which is modest in proportion but notable for the breadth of C-suite and board participation. The cluster is amplified by the presence of an earnings context (per cross-filing actuarial verdicts), suggesting these sales may be informed by the company's recent financial performance or outlook, though the dollar amount alone does not signal extreme bearishness.

Key Financial Metrics

Direction
selling
Total Value
$5.8M
Insiders
7

Key Facts

  • 7 insiders sold a total of ~$5.79M in open-market shares over 7 days
  • CEO Gayn Erickson sold ~$5.23M (38,452 + 1,548 shares)
  • COO Adil Engineer sold ~$1.97M (two blocks of 7,500 shares) after exercising derivatives
  • Director Geoffrey Gates sold ~$2.63M (20,000 shares)
  • Total sales represent ~0.13% of AEHR's $4.4B market cap
  • No insider open-market purchases in the cluster

Financial Impact

~$5.79M in insider sales, ~0.13% of market cap

insider ownership

Risk Factors

  • Insider sales may indicate management's view that the stock is fully valued or that near-term headwinds exist

Market Snapshot

Exchange
Nasdaq
Sector
Instruments For Meas & Testing of Electricity & Elec Signals
Analyst Consensus
90% bullish (10 analysts)

Investment Themes

Software & IT

Documents Analyzed

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

DocumentAccession Number
CLUSTER Data (Synthetic)cluster-AEHR-1786774441005
25 reports for AEHR
Performance horizon
33% Hit rate @ T+60 4 of 12 directional calls Went positive at some point 7 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—$57.68 (−38.51%)
Aug 18, 2026
9w ago
Insider Cluster
BEARISH ★ 5/10
$123.25awaiting T+60—$57.68 (+53.20%)
Aug 14, 2026
10w ago
Insider Cluster
BEARISH ★ 5/10
$145.61awaiting T+60—$57.68 (+60.39%)
Aug 13, 2026
10w ago
Insider Cluster
BEARISH ★ 4/10
$134.06awaiting T+60—$57.68 (+56.97%)
Aug 13, 2026
10w ago
Insider Cluster
BEARISH ★ 5/10
$134.06awaiting T+60—$57.68 (+56.97%)
Aug 13, 2026
10w ago
Insider Cluster
NEUTRAL ★ 2/10
$134.06awaiting T+60—$57.68 (−56.97%)
Aug 11, 2026
10w ago
Insider Cluster
NEUTRAL ★ 3/10
$117.18awaiting T+60—$57.68 (−50.78%)
Aug 6, 2026
11w ago
Insider Cluster
NEUTRAL ★ 2/10
$103.07awaiting T+60—$57.68 (−44.04%)
Apr 22, 2026
26w ago
Insider Cluster
NEUTRAL ★ 2/10
$95.51 $98.91▲ +3.56%▼ −2.06%$57.68 (−39.61%)
Apr 21, 2026
26w ago
Insider Cluster
NEUTRAL ★ 4/10
$97.36 $77.36▼ −20.54%▼ −24.88%$57.68 (−40.76%)
Showing 10 of 25

US Market Status

Market Open — Closes in 23m

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Report published Aug 15, 2026