GSI Technology grants CEO stock options on 200,000 shares

GSI Technology Inc. reported that Pres., CEO and Chairman Shu Lee-Lean received two stock option awards covering a total of 200,000 shares of common stock.

Rhea-AI Filing Summary

GSI Technology Inc. reported that Pres., CEO and Chairman Shu Lee-Lean received two stock option awards covering a total of 200,000 shares of common stock. One option for 100,000 shares at an exercise price of $7.23 per share replaces cancelled options on 100,000 shares from a prior 150,000-share grant and becomes 100% exercisable on December 1, 2026, expiring on August 13, 2036. A second option for 100,000 shares has an exercise price of $6.76 per share, vests fully on April 13, 2030, and also expires on August 13, 2036. Both awards are reported as directly owned derivative securities.

Insider Trade Summary

Grant/Award: 200,000 shares

Grant/Award 2 txns

Insider Shu Lee-Lean

Role Pres., CEO and Chairman

Type	Security	Shares	Price	Value
Grant/Award	Stock Option (right to buy) F1	100,000	$0.00	$0.00
Grant/Award	Stock Option (right to buy) F2	100,000	$0.00	$0.00

Holdings After Transaction: Stock Option (right to buy) — 200,000 contracts (Direct)

Footnotes (2)

1. F1. This stock option represents the replacement stock option granted as consideration for the rescission and cancellation of 100,000 shares (the "Cancelled Options") subject to a stock option to purchase 150,000 shares of Common Stock originally granted on February 2, 2026, as previously reported. Subject to the Reporting Person's continued service to the Issuer, the option vests and becomes 100% exercisable on December 1, 2026.
2. F2. Subject to the Reporting Person's continued service to the Issuer, the option vests and becomes 100% exercisable on April 13, 2030.

Key Figures

Replacement option shares: 100,000 shares Replacement option exercise price: $7.23 per share Replacement option vesting date: December 1, 2026 +5 more

8 metrics

Replacement option shares 100,000 shares Replacement stock option covering common stock underlying cancelled options

Replacement option exercise price $7.23 per share Exercise price for 100,000-share replacement stock option

Replacement option vesting date December 1, 2026 Date when replacement option becomes 100% exercisable

Replacement option expiration August 13, 2036 Expiration date for $7.23 replacement option

Additional option shares 100,000 shares Second stock option covering common stock

Additional option exercise price $6.76 per share Exercise price for second 100,000-share option

Additional option vesting date April 13, 2030 Date when second option becomes 100% exercisable

Additional option expiration August 13, 2036 Expiration date for $6.76 option

Key Terms

Stock Option (right to buy), exercise price, vesting, rescission and cancellation

4 terms

Stock Option (right to buy) financial

"The security title is listed as "Stock Option (right to buy)""

exercise price financial

"The option has an exercise price of $7.23 per share"

The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.

vesting financial

"Subject to continued service, the option vests and becomes 100% exercisable"

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

rescission and cancellation financial

"Granted as consideration for the rescission and cancellation of 100,000 shares"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did GSI Technology (GSIT) CEO Shu Lee-Lean report in this Form 4?

Shu Lee-Lean reported two stock option grants, each covering 100,000 shares of GSI Technology common stock. One option replaces previously cancelled options, and both are directly owned derivative securities with specified future vesting and expiration dates.

How many options did the GSI Technology (GSIT) CEO receive and at what exercise prices?

The CEO received options over 200,000 shares in total: 100,000 shares at an exercise price of $7.23 per share and another 100,000 shares at $6.76 per share, each relating to GSI Technology common stock.

When do Shu Lee-Lean’s new GSI Technology (GSIT) stock options vest and expire?

One 100,000-share option vests and becomes 100% exercisable on December 1, 2026 and expires on August 13, 2036. The other 100,000-share option vests on April 13, 2030 and also expires on August 13, 2036.

What does the replacement stock option mean in the GSI Technology (GSIT) Form 4?

One 100,000-share option is described as a replacement stock option granted as consideration for rescinding and cancelling 100,000 shares subject to a prior option on 150,000 shares originally granted on February 2, 2026, as previously reported.

Are the new GSI Technology (GSIT) option grants to the CEO immediately exercisable?

No. The replacement 100,000-share option at $7.23 per share becomes 100% exercisable on December 1, 2026, and the separate 100,000-share option at $6.76 per share becomes 100% exercisable on April 13, 2030, each subject to continued service.

Were the GSI Technology (GSIT) CEO’s new option grants reported under a Rule 10b5-1 plan?

No. The filing’s Rule 10b5-1 checkbox is not marked as affirmative, and the footnotes do not state that these grants were made pursuant to a Rule 10b5-1 trading plan or similar pre-arranged plan.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 08/14/2026 - 05:24 PM EDT Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Shu Lee-Lean

(Last) (First) (Middle)

C/O GSI TECHNOLOGY, INC.

1213 ELKO DRIVE

(Street)

SUNNYVALE CALIFORNIA 94089

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
GSI TECHNOLOGY INC [ GSIT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Pres., CEO and Chairman

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/13/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option (right to buy)	$7.23	08/13/2026		A		100,000(1)		12/01/2026	08/13/2036	Common Stock	100,000	$0	100,000	D
Stock Option (right to buy)	$6.76	08/13/2026		A		100,000(2)		04/13/2030	08/13/2036	Common Stock	100,000	$0	100,000	D

Explanation of Responses:

1. This stock option represents the replacement stock option granted as consideration for the rescission and cancellation of 100,000 shares (the "Cancelled Options") subject to a stock option to purchase 150,000 shares of Common Stock originally granted on February 2, 2026, as previously reported. Subject to the Reporting Person's continued service to the Issuer, the option vests and becomes 100% exercisable on December 1, 2026.

2. Subject to the Reporting Person's continued service to the Issuer, the option vests and becomes 100% exercisable on April 13, 2030.

	/s/ Douglas Schirle, Attorney-in-Fact	08/14/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)