GSI Technology (GSIT) affiliate to sell 20,000 shares via option exercise
Rhea-AI Filing Summary
GSI Technology Inc. filed a Form 144 notice regarding proposed sales by an affiliate. The filing lists a Stock Option Exercise & Sale of 20,000 shares to occur on 06/01/2026. The filing also records prior sales by Bor‑Tay Wu: 40,000 shares on 03/10/2026 for $346,544 and 40,000 shares on 05/22/2026 for $437,358.
The entry names Citigroup Global Markets, Inc. as the broker and indicates cash proceeds from the June transaction. This is a routine affiliate resale notice under Form 144 and shows transaction dates and amounts as listed.
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Insights
Routine Form 144 resale notice; documents planned option exercise and recent affiliate sales.
The filing reports a Stock Option Exercise & Sale of 20,000 shares on 06/01/2026 using Citigroup Global Markets, Inc. as broker. It also records two prior dispositions by Bor‑Tay Wu of 40,000 shares each on 03/10/2026 and 05/22/2026 with proceeds shown.
Form 144s are notices required when affiliates propose to sell; the filing lists mechanics and cash treatment. Subsequent filings (Form 4 or a broker confirmation) would show completion and final proceeds.