GSI Technology (GSIT) CEO awarded 200,000-share stock option package with long-term vesting
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
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 shares (Direct)
Footnotes (2)
- 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.
- 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
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.
