GSIT Files Form 4/A Correcting 3,000-Share Ownership to Family Trust
Rhea-AI Filing Summary
Bradley Jack A., identified as a director of GSI Technology, Inc. (GSIT), filed an amended Form 4 correcting prior reporting of a purchase. The original entry reported a purchase of 3,000 shares on 02/18/2016 as directly owned by the reporting person. This amendment clarifies that the 3,000 shares were purchased by The Bradley-Richards Family Trust, making the ownership indirect rather than direct. The amendment is signed by an attorney-in-fact on 08/08/2025.
The filing is a corrective disclosure that changes the reported form of beneficial ownership from direct to indirect for the specified shares; it does not report any additional purchases, sales, derivative transactions, or changes in the total number of shares involved in that reported transaction within this document.
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Insights
TL;DR: Amendment corrects ownership form from direct to trust-held for 3,000 shares; routine disclosure, limited market impact.
The amendment replaces an earlier statement that the reporting director personally purchased 3,000 shares with a clarification that those shares were acquired by The Bradley-Richards Family Trust. From a governance perspective, this is a compliance correction that aligns beneficial ownership records with actual control arrangements. It preserves transparency about who holds economic and voting interests but does not, by itself, indicate any change in stake size or introduce new transactions.
TL;DR: A Form 4/A corrects beneficial ownership attribution; procedural amendment with no new trades disclosed.
The filing documents an amended Form 4 where the reporting person’s earlier filing incorrectly attributed direct ownership. The amendment shows the 3,000 shares are held indirectly via a named family trust. For SEC reporting purposes this resolves a misstatement of ownership form; it does not report additional acquisitive or dispositional activity or change the reported share count tied to the original transaction.