GSI Technology VP sells 20,000 shares
GSI Technology VP Avidan Akerib reported an exercise-and-sell transaction in company stock.
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Form Type
4
Rhea-AI Filing Summary
GSI Technology VP Avidan Akerib reported an exercise-and-sell transaction in company stock. On May 12–13, 2026, he sold a total of 20,000 shares of Common Stock in open-market transactions, including 19,653 shares at a weighted average price of $11.4652 and 347 shares at $12.03 per share.
On the same dates, he exercised stock options covering an aggregate of 20,000 shares of Common Stock at an exercise price of $6.16 per share, converting derivative holdings into common shares. Following these transactions, Akerib directly holds 23,307 shares of GSI Technology common stock.
Insider Trade Summary
Exercise and Sale: 20,000 shares ($106K approx. pre-tax spread)
Exercise and Sale
6 txns
Insider
Akerib Avidan
Role
VP, Associative Computing
Sold
20,000 shs ($229K)
Approx. gross sale proceeds
$229K
Approx. exercise cost
$123K
Approx. pre-tax spread
$106K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (right to buy) | 19,653 | $0.00 | $0.00 |
| Exercise | Common Stock | 19,653 | $6.16 | $121K |
| Sale | Common Stock | 19,653 | $11.4652 | $225K |
| Exercise | Stock Option (right to buy) | 347 | $0.00 | $0.00 |
| Exercise | Common Stock | 347 | $6.16 | $2K |
| Sale | Common Stock | 347 | $12.03 | $4K |
Holdings After Transaction:
Stock Option (right to buy) — 0 contracts (Direct);
Common Stock — 23,307 shares (Direct)
Footnotes (1)
- F1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $11.31 to $11.735, 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.
Key Figures
Shares sold: 20,000 shares
Weighted average sale price: $11.4652 per share
Additional sale price: $12.03 per share
+5 more
8 metrics
Shares sold
20,000 shares
Open-market sales of Common Stock on May 12–13, 2026
Weighted average sale price
$11.4652 per share
19,653 shares sold in multiple trades within $11.31–$11.735 range
Additional sale price
$12.03 per share
347 shares of Common Stock sold on May 12, 2026
Options exercised
20,000 shares
Common Stock acquired via option exercises on May 12–13, 2026
Option exercise price
$6.16 per share
Stock Option (right to buy) for Common Stock
Shares held after
23,307 shares
Direct ownership of GSI Technology Common Stock following transactions
Option expiration date
January 30, 2027
Expiration for exercised Stock Option grant
Net buy/sell direction
Net sale of 20,000 shares
transactionSummary netBuySellShares and netBuySellDirection
Key Terms
open-market sale, Stock Option (right to buy), derivative exercise/conversion, weighted average price, +1 more
5 terms
open-market sale financial
"transaction_action: "open-market sale" for Common Stock on May 12–13, 2026"
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.
Stock Option (right to buy) financial
"security_title: "Stock Option (right to buy)" describing derivative security exercised"
derivative exercise/conversion financial
"transaction_action: "derivative exercise/conversion" for M-coded transactions"
weighted average price financial
"footnote: "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.
derivative security financial
"transaction_code_description: "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did GSI Technology (GSIT) executive Avidan Akerib report in this Form 4?
Avidan Akerib reported an exercise-and-sell sequence involving GSI Technology stock. He exercised options for 20,000 shares at $6.16 and sold the same number of shares in open-market trades on May 12–13, 2026, then held 23,307 shares directly.
What stock options did Avidan Akerib exercise in GSI Technology (GSIT)?
He exercised stock options for 20,000 shares of GSI Technology common stock at a $6.16 exercise price. These options were originally exercisable from November 23, 2020 and were scheduled to expire on January 30, 2027, converting derivative rights into common shares.
What does the weighted average price disclosure mean in this GSI Technology (GSIT) Form 4?
The filing states that 19,653 shares were sold at a weighted average price of $11.4652, across multiple trades between $11.31 and $11.735. Akerib undertook to provide detailed breakdowns of the individual trade prices and share amounts upon request to investors or regulators.
Were there any derivative securities remaining for Avidan Akerib in GSI Technology (GSIT)?
The Form 4 shows stock options for 20,000 shares exercised, with the derivative position reduced to zero for that grant. The derivativeSummary section is empty, indicating no remaining derivative holdings are reported in this filing for Akerib.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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