GSI Technology (GSIT) VP sells 11,763 shares at $10.80 each
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GSI Technology VP, U.S. Operations Ping Tak Wu reported an open-market sale of 11,763 shares of Common Stock at $10.80 per share. The transaction on May 12, 2026 reduced his directly held stake to 147,647 shares.
The filing also notes a holding entry reflecting Employee Stock Purchase Plan allocations and dispositions since his prior ownership report, providing updated context for his overall position.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 11,763 shares ($127,040)
Net Sell
2 txns
Insider
Wu Ping Tak
Role
VP, U.S. Operations
Sold
11,763 shs ($127K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 11,763 | $10.80 | $127K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 147,647 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 11,763 shares
Sale price: $10.80 per share
Shares after transaction: 147,647 shares
+1 more
4 metrics
Shares sold
11,763 shares
Open-market sale on May 12, 2026
Sale price
$10.80 per share
Price for the 11,763 shares sold
Shares after transaction
147,647 shares
Directly owned following the sale
Net share change
11,763 shares
Net-sell shares from transaction summary
Key Terms
open-market sale, Employee Stock Purchase Plan, Form 4, Common Stock
4 terms
open-market sale financial
"transaction_action": "open-market sale""
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.
Employee Stock Purchase Plan financial
"Reflects ESPP allocations and dispositions that have occurred"
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
Form 4 regulatory
"The sale occurred on May 12, 2026 at $10.80 per share and was classified as an open-market or private transaction, reported in the Form 4 filing."
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
Common Stock financial
"security_title": "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What insider transaction did GSI Technology (GSIT) report for Ping Tak Wu?
GSI Technology reported that VP, U.S. Operations Ping Tak Wu sold 11,763 shares of Common Stock. The sale occurred on May 12, 2026 at $10.80 per share and was classified as an open-market or private transaction.
What role does Ping Tak Wu hold at GSI Technology (GSIT)?
Ping Tak Wu serves as Vice President, U.S. Operations at GSI Technology. His officer status and title are disclosed in the Form 4, which associates the reported Common Stock sale with this executive position.
What does the ESPP footnote mean in the GSI Technology (GSIT) Form 4?
The footnote explains that the holding entry reflects Employee Stock Purchase Plan allocations and dispositions since his last ownership report. It indicates ongoing ESPP-related share activity that is incorporated into the updated ownership figures reported in the filing.