CTO Richmond sells 17,011 AEHR shares at $73.18; stock surged +95.4% in 30d, down to $73.22 now; company unprofitable with -11.0% revenue decline
Richmond, AEHR's CTO, sold 17,011 shares at $73.18 on 2026-04-14, reducing his holdings by 8.6%. The sale occurred near the 52-week high of $74.38 and follows an extraordinary 95.4% rally over the prior 30 days and 176.0% surge over 90 days. At AEHR specifically, Richmond's prior two measurable sales (2023-08-09 and 2023-08-10) both proved well-timed at the 90-day mark, with subsequent declines of -50.9% and -53.4% respectively. The sale timing aligns with this pattern of downside-protective exits. However, the underlying business context is deteriorating: the company posted $-3.2M net loss in the latest quarter, -11.0% annual revenue contraction, and remains unprofitable on a full-year basis, with a market cap of $2.3B against $10.3M quarterly revenue. The sharp stock rally into this sale, combined with persistent negative fundamentals, creates a notable divergence between price momentum and operating reality.