GSI Technology insider sells 80K shares after exercise

GSI Technology Inc. Senior VP of Memory Design Patrick T. Chuang reported exercising stock options and selling the resulting shares in the open market.

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Form Type

Rhea-AI Filing Summary

GSI Technology Inc. Senior VP of Memory Design Patrick T. Chuang reported exercising stock options and selling the resulting shares in the open market. On June 1 and 2, he exercised options for a total of 80,000 shares of common stock at strike prices of $7.26 and $4.08 per share, then sold 80,000 shares at weighted average prices of $11.3146 and $10.9766 per share.

The sales on June 1 occurred in multiple trades between $11.26 and $11.423 per share, while the June 2 sales ranged from $10.58 to $11.255 per share. Following these transactions, Chuang holds 15,166 shares of GSI Technology common stock directly, with no remaining derivative position shown in this filing.

Insider Trade Summary

Exercise and Sale: 80,000 shares ($438K approx. pre-tax spread)

Exercise and Sale 6 txns

Insider CHUANG PATRICK T

Role Senior VP, Memory Design

Sold 80,000 shs ($892K)

Approx. gross sale proceeds $892K

Approx. exercise cost $454K

Approx. pre-tax spread $438K

Type	Security	Shares	Price	Value
Exercise	Stock Option (right to buy)	40,000	$0.00	$0.00
Exercise	Common Stock	40,000	$4.08	$163K
Sale	Common Stock	40,000	$10.9766	$439K
Exercise	Stock Option (right to buy)	40,000	$0.00	$0.00
Exercise	Common Stock	40,000	$7.26	$290K
Sale	Common Stock	40,000	$11.3146	$453K

Holdings After Transaction: Stock Option (right to buy) — 0 contracts (Direct); Common Stock — 15,166 shares (Direct)

Footnotes (3)

F1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $11.26 to $11.423, inclusive. The reporting person undertakes to provide to Issuer, any security holder of Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (1) to this Form 4.
F2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $10.58 to $11.255, inclusive. The reporting person undertakes to provide to Issuer, any security holder of Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (1) to this Form 4.
F3. The option is fully vested and exercisable.

Key Figures

Shares sold: 80,000 shares Weighted avg sale price June 1: $11.3146 per share Sale price range June 1: $11.26–$11.423 per share +5 more

8 metrics

Shares sold 80,000 shares Total common stock sold in open-market transactions on June 1 and 2

Weighted avg sale price June 1 $11.3146 per share Common stock sales on June 1, 2026

Sale price range June 1 $11.26–$11.423 per share Price range for multiple trades on June 1, 2026

Weighted avg sale price June 2 $10.9766 per share Common stock sales on June 2, 2026

Sale price range June 2 $10.58–$11.255 per share Price range for multiple trades on June 2, 2026

Options exercised 80,000 shares Total common shares acquired via option exercises on June 1 and 2

Option strike prices $7.26 and $4.08 per share Exercise prices for stock options converted into common stock

Shares held after transactions 15,166 shares Direct common stock ownership following all reported trades

Key Terms

open-market sale, derivative exercise/conversion, Stock Option (right to buy), weighted average price, +1 more

5 terms

open-market sale financial

"transaction_action: "open-market sale" for the common stock transactions"

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

derivative exercise/conversion financial

"transaction_action: "derivative exercise/conversion" describing option exercises"

Stock Option (right to buy) financial

"security_title: "Stock Option (right to buy)" for derivative entries"

weighted average price financial

"footnotes stating "The price reported in Column 4 is a weighted average price""

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

fully vested and exercisable financial

"footnote noting "The option is fully vested and exercisable.""

FAQ

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

What insider transactions did GSIT executive Patrick T. Chuang report?

Patrick T. Chuang reported exercising options for 80,000 GSI Technology shares and selling 80,000 shares in open-market transactions. The trades occurred on June 1 and 2 and involved common stock previously underlying stock options.

How many GSIT shares did Patrick T. Chuang sell in this Form 4?

He sold 80,000 shares of GSI Technology common stock in total. The sales were split over June 1 and June 2 at weighted average prices of $11.3146 and $10.9766 per share, respectively.

At what prices did the GSIT insider sales occur according to the Form 4?

Weighted average sale prices were $11.3146 and $10.9766 per share. Footnotes state individual trades on June 1 ranged from $11.26 to $11.423, and on June 2 from $10.58 to $11.255 per share.

What option exercise prices did Patrick T. Chuang have on his GSIT shares?

He exercised stock options for 80,000 GSI Technology shares at strike prices of $7.26 and $4.08 per share. These options were fully vested and exercisable before being converted into common stock and subsequently sold.

How many GSIT shares does Patrick T. Chuang hold after these transactions?

After completing the option exercises and sales, Patrick T. Chuang directly holds 15,166 shares of GSI Technology common stock. The derivative summary in this filing shows no remaining stock option position for these exercised grants.

Were the GSIT insider sales made in a single trade or multiple trades?

The reported sales were executed in multiple trades on each day. Footnotes explain that June 1 trades ranged from $11.26 to $11.423 per share, and June 2 trades ranged from $10.58 to $11.255 per share, with weighted average prices reported.

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

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 06/03/2026 - 05:30 PM EDT

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^*

CHUANG PATRICK T

(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)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Senior VP, Memory Design

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/01/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	06/01/2026		M		40,000	A	$7.26	55,166	D
Common Stock	06/01/2026		S		40,000	D	$11.3146⁽¹⁾	15,166	D
Common Stock	06/02/2026		M		40,000	A	$4.08	55,166	D
Common Stock	06/02/2026		S		40,000	D	$10.9766⁽²⁾	15,166	D

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Stock Option (right to buy)	$7.26	06/01/2026		M			40,000	06/02/2021⁽³⁾	07/31/2027	Common Stock	40,000	$0	0	D
Stock Option (right to buy)	$4.08	06/02/2026		M			40,000	06/02/2026⁽³⁾	08/01/2032	Common Stock	40,000	$0	0	D

Explanation of Responses:

1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $11.26 to $11.423, inclusive. The reporting person undertakes to provide to Issuer, any security holder of Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (1) to this Form 4.

2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $10.58 to $11.255, inclusive. The reporting person undertakes to provide to Issuer, any security holder of Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (1) to this Form 4.

3. The option is fully vested and exercisable.

	/s/ Patrick T. Chuang, by Douglas Schirle, Attorney-in-Fact	06/03/2026
	** 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)

Source: View Original Filing on SEC EDGAR