GSIT executive exercises options, sells 40K shares

GSI Technology Senior VP of Memory Design Patrick T. Chuang reported an option exercise and share sale.

Rhea-AI Filing Summary

GSI Technology Senior VP of Memory Design Patrick T. Chuang reported an option exercise and share sale. On May 12, 2026, he exercised options to acquire 40,000 shares of common stock at $6.70 per share, then sold 40,000 shares in an open-market transaction at a weighted average price of $10.6772.

The footnote explains that sale prices ranged from $10.52 to $10.80 per share. After these transactions, Chuang directly owned 15,166 shares of GSI Technology common stock, and the exercised stock option covering 40,000 shares now has no remaining balance.

Insider Trade Summary

Exercise and Sale: 40,000 shares ($159K approx. pre-tax spread)

Exercise and Sale 3 txns

Insider CHUANG PATRICK T

Role Senior VP, Memory Design

Sold 40,000 shs ($427K)

Approx. gross sale proceeds $427K

Approx. exercise cost $268K

Approx. pre-tax spread $159K

Type	Security	Shares	Price	Value
Exercise	Stock Option (right to buy)	40,000	$0.00	$0.00
Exercise	Common Stock	40,000	$6.70	$268K
Sale	Common Stock	40,000	$10.6772	$427K

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

Footnotes (1)

1. F1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $10.52 to $10.80, 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: 40,000 shares Weighted average sale price: $10.6772 per share Sale price range: $10.52–$10.80 per share +4 more

7 metrics

Shares sold 40,000 shares Common Stock sold in open-market transaction on May 12, 2026

Weighted average sale price $10.6772 per share Common Stock open-market sale on May 12, 2026

Sale price range $10.52–$10.80 per share Range of prices for the 40,000-share sale

Options exercised 40,000 shares Stock Option (right to buy) exercised on May 12, 2026

Option exercise price $6.70 per share Conversion/exercise price of stock option

Shares owned after transactions 15,166 shares Direct common stock holdings following May 12, 2026 sale

Remaining option balance 0 shares Stock Option (right to buy) after full 40,000-share exercise

Key Terms

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

4 terms

open-market sale financial

"transaction_action: "open-market sale" for 40,000 common shares"

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" for stock option"

Stock Option (right to buy) financial

"security_title: "Stock Option (right to buy)" with 40,000 shares"

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.

FAQ

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

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

Patrick T. Chuang reported exercising options for 40,000 GSI Technology shares and selling 40,000 shares. The activity occurred on May 12, 2026, and reflects an exercise-and-sell pattern rather than a pure open-market purchase or sale unrelated to options.

How many GSIT shares did Patrick T. Chuang sell and at what price?

He sold 40,000 GSI Technology common shares in an open-market transaction at a weighted average price of $10.6772. A footnote adds that individual sale prices ranged between $10.52 and $10.80 per share during the reported trading activity.

What stock options did Patrick T. Chuang exercise in this GSIT Form 4?

He exercised a stock option covering 40,000 shares of GSI Technology common stock at an exercise price of $6.70 per share. Following the exercise, that option position had a remaining balance of zero shares, indicating a full exercise of the derivative security.

How many GSIT shares does Patrick T. Chuang own after the transactions?

After the reported exercise and sale, Patrick T. Chuang directly owns 15,166 GSI Technology common shares. This figure comes from the Form 4’s post-transaction ownership column for the common stock sale dated May 12, 2026, reflecting his remaining direct holdings.

What is the overall direction of Patrick T. Chuang’s GSIT insider activity?

The filing shows a net-sell pattern: he exercised options to acquire 40,000 shares, then sold 40,000 shares. Transaction summaries in the Form 4 classify the overall activity as net-sell based on 40,000 exercise shares and 40,000 shares sold.

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

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Accepted by SEC EDGAR 05/13/2026 - 08:28 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^*

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)
05/12/2026

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
Common Stock	05/12/2026		M		40,000	A	$6.7	55,166	D
Common Stock	05/12/2026		S		40,000	D	$10.6772(1)	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option (right to buy)	$6.7	05/12/2026		M			40,000	06/02/2022	07/30/2028	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 $10.52 to $10.80, 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.

	/s/ Chuang Patrick T, by Douglas Schirle, Attorney -in-Fact	05/13/2026
	** 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)