Company: AEHR
Filing Date: 2025-09-10
Form Type: DEF 14A
Source: 0001654954-25-010620
Chunk: 58

Company: AEHR TEST SYSTEMS
Filing Date: 2025-09-10
Form: DEF 14A
Chunk 58
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| (3) | RSU awards vest as to 1/16th of the total number of RSUs every three months after the date of grant, with full vesting occurring on the fourth anniversary of the date of grant, subject to continued service through the applicable vesting date.                                                                                                                                                                                                                                                                                                                                                                                               |
| (4) | RSU awards vested as to 25% of the total number of RSUs on May 31, 2023 based upon the Company’s achievement of certain financial goals, and vest as to an additional 1/16th of the total number of RSUs every three months thereafter, over the next three years, subject to continued service through the applicable vesting date.                                                                                                                                                                                                                                                                                                             |
| (5) | Performance-based RSUs have target achievement goals whereby the grantee can earn up to 200% of the original award if the maximum target goals are met. These awards vest as to 25% of the total number of RSUs based upon the Company’s achievement of certain financial goals by the end of May 30, 2025, and vest as to an additional 1/16th of the total number of RSUs every three months thereafter, over the next three years, subject to continued service through each vesting date. Based upon Company's actual performance against fiscal 2025 milestones, the performance component of these awards were earned at the 200% maximum. |
| (6) | Performance-based RSU award will vest as to 100% of the RSUs upon the achievement of a performance condition related to the Company’s cumulative revenue target for certain markets from the grant date to May 31, 2026, subject to continued service through the achievement date. As of May 30, 2025, the performance condition was not yet satisfied.                                                                                                                                                                                                                                                                                         |

Equity Compensation Plan Information

The following table provides certain information with respect to all of our equity compensation plans as of May 30, 2025:

| Plan Category                                          |     | Number of securitiesto be issued uponexercise ofoutstanding options,warrants and rights(in thousand)(a) |       |    |     | Weighted averageexercise price ofoutstanding options,warrants and rights($)(b) |      |    |     | Number of securitiesremaining available forfuture issuance underequity compensation plans(excluding securitiesreflected in column (a))(in thousand)(c) |       |    |
|:-------------------------------------------------------|:----|:------------------------------------------------------------------------------------------------