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GSI Technology (NASDAQ: GSIT) files Rule 144 for 40,000‑share option sale

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
144

Rhea-AI Filing Summary

GSI Technology, Inc. notice under Rule 144 reports an intended sale of 40,000 shares of Common Stock via Option Exercise & Sale on 06/01/2026. The filing also lists three prior sales in the past three months: 20,000 shares on 03/02/2026 for $167,310, 40,000 shares on 03/13/2026 for $342,440, and 40,000 shares on 05/12/2026 for $427,088.

The filing names Citigroup Global Markets, Inc. as the broker and indicates a cash settlement method. This is a Rule 144 notice documenting an intended restricted/controlled‑security sale; timing and proceeds treatment are shown on the cover lines.

Positive

  • None.

Negative

  • None.

Insights

Rule 144 sale notice documents an option exercise followed by a brokered cash sale.

The filing lists an intended 40,000 shares sale by Option Exercise & Sale on 06/01/2026, executed through Citigroup Global Markets, Inc.. The broker and cash method are specified in the transaction row.

Past reported dispositions total $936,838 across three transactions in March–May 2026; these provide context on recent selling activity. Compliance with Rule 144 resale conditions is implied by the notice format; subsequent transfer or sales confirmations will appear in transfer agent or broker records.

Offered shares 40,000 shares Intended sale via Option Exercise & Sale on 06/01/2026
Prior sale — 03/02/2026 20,000 shares Proceeds <money>$167,310</money>
Prior sale — 03/13/2026 40,000 shares Proceeds <money>$342,440</money>
Prior sale — 05/12/2026 40,000 shares Proceeds <money>$427,088</money>
Broker aggregate figure on cover <money>$452,584.00</money> Cover line associated with 40,000 shares and 06/01/2026
Option Exercise & Sale financial
"06/01/2026 | Option Exercise & Sale | GSI Technology, Inc."
Rule 144 regulatory
"Filer Information | 144: Filer Information"
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.
Cash settlement financial
"40000 | 06/01/2026 | Cash"
Cash settlement is a process where, instead of exchanging physical assets like stocks or commodities, the parties involved settle the difference in value with money after a contract ends. For investors, it simplifies transactions by avoiding the need to handle or deliver the actual asset, making it quicker and more convenient to complete trades. This method ensures a straightforward way to settle agreements based on their final value.
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144: Filer Information

144: Issuer Information

144: Securities Information



Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold


* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.



Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

144: Remarks and Signature

FAQ

What does the GSIT Form 144 report?

It reports an intended sale of 40,000 shares via option exercise and sale on 06/01/2026. The filing names Citigroup Global Markets, Inc. as broker and lists recent sales on 03/02/2026, 03/13/2026, and 05/12/2026 with proceeds.

Who is the broker for the GSIT transaction?

The filing lists Citigroup Global Markets, Inc. as the broker handling the transaction. The broker's address is given as 390 Greenwich St., New York, NY, and the method is shown as cash settlement.

How many shares were sold by the reporting party in the past three months for GSIT?

The filing shows three dispositions totaling 100,000 shares in the past three months. These were 20,000; 40,000; and 40,000 shares on 03/02/2026, 03/13/2026, and 05/12/2026 respectively.

What proceeds are reported for recent GSIT sales?

Proceeds reported are $167,310, $342,440, and $427,088 for the three listed sales. Each amount is shown next to its corresponding sale date in the filing.

Does the Form 144 confirm completion of the 06/01/2026 sale for GSIT?

No, the Form 144 indicates the intended sale method and date (06/01/2026) but does not itself prove consummation. Confirmation would appear in subsequent transfer or broker reports.