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Insider Cluster (9 insiders) ·Filed Aug 18, 2026

AEHR

AEHR TEST SYSTEMS
BEARISH
Impact 5/10
Horizondays Processed2mo ago
Insider cluster: 9 insiders, $6.6M total
Actionable Insight ▼ Bearish

The breadth of insider selling (CEO, COO, multiple directors) without any open-market buying is a cautionary signal, but the dollar amount is modest relative to the $4.7B market cap. The cluster does not warrant aggressive short positioning.

DirectionBearish
Confidencemedium
Horizondays
Latest settled — T+20d
AEHR ▼ -31.64% at T+20d
SHORT call ✓ call won +31.64% · α vs SPY +29.90% · entry $123.25 → $84.25
Next anchor: T+60d in 15d
Latest observation: T+47 +33.04% FF3 residual α
Entry = T+0 close
Aug 18, 2026
via day close
T+1d
-12.41%
call +12.41% · α +12.62%
$107.96
settled 2mo ago
T+5d
-22.44%
call +22.44% · α +22.24%
$95.59
settled 2mo ago
T+20d
-31.64%
call +31.64% · α +29.90%
$84.25
settled 6w ago
T+60d
Pending
in 15d

Price Chart

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Executive Summary

A cluster of 9 AEHR insiders sold a total of $6.59M in open-market sales over a 7-day window, including the CEO, COO, and multiple directors. The total value represents ~0.14% of the $4.7B market cap, which is modest in proportion but notable for the breadth of participants. The cluster is dominated by selling with no offsetting open-market purchases, and the CEO's sale of ~$5.2M is the largest single transaction.

Key Financial Metrics

Direction
selling
Total Value
$6.6M
Insiders
9

Key Facts

  • 9 insiders sold shares in a 7-day window ending 2026-08-14
  • Total open-market sales: ~$6.59M (0.14% of $4.7B market cap)
  • CEO Gayn Erickson sold ~$5.23M on 2026-08-12
  • COO Adil Engineer sold ~$1.97M on 2026-08-12 after exercising options
  • No open-market purchases by any insider in the cluster

Financial Impact

Insider selling of $6.59M, representing 0.14% of market cap

insider ownershipmarket sentiment

Risk Factors

  • Insider selling may be liquidity-driven or part of 10b5-1 plans, reducing signal value
  • Modest dollar amount relative to market cap limits materiality

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-1787076079248
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—$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 Wed (9h 50m)

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Report published Aug 18, 2026